2006-10-06 / Community

Economic Development Conference A Success

Last month's Economic Development Conference held by the Greater Allen A.M.E. Cathedral of New York, in partnership with Citicorp, was an outstanding event, according to State Senator Malcolm A. Smith.

"When I initially announced this conference, I said that pastors and church leaders should join community leaders in improving the economy of their neighborhoods. The turnout for the three-day event clearly demonstrates that churches understand the stake they have in a healthy economy," Senator Smith said.

In addition to thanking the attendees, Senator Smith credited Reverends Floyd and Elaine Flake for their willingness to find the best speakers to discuss their roles in economic development.

"I was very impressed by the quality of the presenters, and their expertise in revitalizing inner-city economies was evident. I was equally amazed by the depth of the topics covered as well. This event was truly a broad-based view of economic development," Senator Smith said.

Participants attended different track workshops, with topics ranging from the development of business and strategic plans, legal and financial responsibility, and non-profit/for-profit collaborators and financing complex transactions.

"I have said time and again that neither the private sector nor the public sector alone can improve the economy. Government, industry, small businesses, the faith community and the academic community all have roles to play. When it comes to New York, we are truly wealthy in all these areas. I hope this conference was just the first of many steps on the road to a better economy," Senator Smith concluded.

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