Press Release: Restoration Cuts Ribbon on New Economic Solutions Center

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Tuesday, September 27, 2016

Restoration cuts Ribbon on New Home for Award-Winninglogo
Economic Solutions Center

Funding Provided by Home Depot and the Robin Hood Foundation

Economic Solutions Center Hosts Financial Counseling,
Workforce Development and Social Services Support Programs

Photo credit: Margot Jordan

Photo credit: Margot Jordan

Back row: Jako Borren, Director of Program Operations; Eric Salas, Home Depot; Susan Sack, Robin Hood; Tracey Capers, EVP Programs; Councilmember Robert Cornegy; Michael Smith, Assemblywoman Robinson's Office; Michael Lambert, Bed Stuy Gateway Business Improvement District; Eric Eve, Co-founder and CEO, Ichor Strategies; Humberto Trimino, Fidelis CareFront Row:Christine Ayeung, Robin Hood; Lendell Smith, client; Angela Kelly, client: David Ehrenberg, President and CEO, Brooklyn Navy Yard and Restoration Board Member


Photo credit: Margot Jordan

Photo credit: Margot Jordan

Bedford Stuyvesant Restoration Corporation President & CEO Colvin Grannum speaks at the opening of the Economic Solutions Center


Photo credit: Margot Jordan

Photo credit: Margot Jordan

Council Member Robert E. Cornegy, Jr. speaks at the opening of the Economic Solutions Center


NEW YORK, NY – September 26, 2016: Last week the Bedford Stuyvesant Restoration Corporation (Restoration) cut the ribbon on the brand new 4,000-square-foot home for their award-winning Economic Solutions Center. The new home is located in the heart of Restoration Plaza (1368 Fulton Street) in Bedford-Stuyvesant and was made possible through funding from Home Depot and Robin Hood. The opening was sponsored by Fidelis Care.


"The Economic Solutions Center is one of the most successful programs Restoration offers. It's staff guides, supports and encourages individuals and families in our communities onto the path towards careers, economic stability and upward mobility,” said Colvin Grannum, the President and CEO of Bedford Stuyvesant Restoration Corporation. "Last year the Center served more than 7,000 people. With this new, state-of-the-art, highly visible ground level presence in the heart of Restoration Plaza, we will assist many, many more people move themselves and families towards their dreams and aspirations. We are so thankful for the support Home Depot and Robin Hood have given us that has made the new space possible, and we are grateful to Fidelis Care for helping make today’s grand opening such a wonderful occasion.”


Restoration’s award-winning Economic Solutions Center is a one-stop shop for families that integrates training for job-seekers and placing them in jobs; educating program participants concerning the fundamentals of personal financial management and supporting them in achieving specific financial goals; and helping program participants, especially low-income workers, secure much-needed income supports to supplement their wages. In the past year, the work of the Economic Solutions Center placed close to 450 residents in jobs and helped generate over $15 million in cumulative benefits for the community through programs such as health insurance, Supplemental Nutrition Allowance Program (SNAP), tax refunds including Earned Income Tax Credit (EITC), personal debt reduction and savings increases.


“The Bedford Stuyvesant Restoration Corporation’s Economic Solutions Center is doing a truly remarkable job helping families in need get on the path to upward mobility. We are happy to support their work and are sure this new home will help them have a greater impact on the lives of New Yorkers struggling to make ends meet,” said Steve Lee, managing director, income security at Robin Hood.


“Today marks an important day for the Bed-Stuy community and the thousands of New Yorkers that Bedford Stuyvesant Restoration Corporation serves," said Department of Consumer Affairs Commissioner Lorelei Salas. "With this new Economic Solutions Center, we're excited about the increased potential for our longstanding partner, Bedford Stuyvesant Restoration Corporation, to connect even more people with the vital services they provide, including free financial counseling at the Financial Empowerment Center and free tax prep. It is partners like this who are key to our new mission to protect and enhance the daily economic lives of New Yorkers to create thriving communities.”


“Congratulations to Colvin Grannum and the Bedford Stuyvesant Restoration Corporation on this launch of their Economic Solutions Center!” said Brooklyn Borough President Eric L. Adams. “I applaud Home Depot and the Robin Hood Foundation for their commitment to Brooklyn’s families and neighborhoods, especially in the important area of financial consulting, workforce development, and the provision of social services. I look forward to continue working with all stakeholders on these issues to ensure we are raising healthy children and families.”


“Bedford Stuyvesant Restoration Corporation’s effort in providing quality programming through the Economic Solutions Center is essential to the future growth and vitality of our community, said Council Member Robert E. Cornegy, Jr. “The fact that they have provided a prominent place in the plaza to offer these services to the public is a testament to their commitment to expand the number of residents who will enjoy improved financial standing in our ever changing economy.”


Previously, the Economic Solutions Center had been spread across two locations at Restoration Plaza. With a new, highly visible home located in the heart of Restoration Plaza, it will be able to serve even more people and have a greater impact.


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For media inquiries, please contact Jake Oliver at The TASC Group at 212-337-8870 or for event credentials.


About Bedford Stuyvesant Restoration Corporation

Established in 1967 by bi-partisan New York Senators Robert F. Kennedy and Jacob K. Javits, Bedford Stuyvesant Restoration Corporation, the nation’s first community development corporation, partners with residents and businesses to improve the quality of life of Central Brooklyn by fostering economic self-sufficiency, enhancing family stability and growth, promoting the arts and culture and transforming Brooklyn neighborhoods into a safe, vibrant place to live, work and visit. A 501(c)(3) nonprofit corporation, Restoration is a dynamic institution that creates significant, sustainable and demonstrable impact in improving the well-being of local residents and businesses.