Miami-Dade may help designer relocate from NY

Miami /
Oct.October 10, 2015 11:00 AM

Women’s fashion designer Naeem Khan applied for a $1.5 million grant from Miami-Dade County to help fund a relocation of his business from New York to Miami, and the county is set to review his request.

Khan’s company NKMIA LLC last year leased property from the county at 1175 Northwest South River Drive, part of his plan to relocate the company’s headquarters and manufacturing operations along with 50 jobs with salaries averaging $50,000.

The county commission’s Economic Prosperity Committee will meet Thursday and consider the request for a $1.5 million award to pay for infrastructure upgrades.

The county would raise the money through its Building Better Communities General Obligation Bond Program, a voter-approved program funded by property taxes.

However, the county already has pending allocations of all of the program’s funds to 10 other applicants for assistance.

So, Khan’s company will get support under the bond program only if one of the 10 earlier applicants fails to qualify for funding or fails to negotiate a final agreement with the county.

A county staff memo dated Sept. 3 said four of the 10 applicants appear on track for funding, three face additional negotiations with the county, and three face substantial negotiations for funding and need approval of a lease with the county. [South Florida Business Journal] — Mike Seemuth


Related Articles

arrow_forward_ios
Deerwood Town Center at 12085-2107 Southwest 152nd Street in Miami-Dade County, One Biscayne Tower at 2 South Biscayne Boulevard in Miami and 2990 Ponce office building in Coral Gables with Gildenson Real Estate's Eduardo Gildenson and CP Group’s Angelo Bianco (Google Maps, Gildenson Real Estate, CP Group)
Lease roundup: Quest takes space at One Biscayne Tower & more
Lease roundup: Quest takes space at One Biscayne Tower & more
Codina Partners’ Armando Codina and Ana-Marie Codina Barlick with 5350 Park condo project (Codina Partners, Getty)
Judge orders Codina Partners’ affiliate to pay Grycon $8M in damages
Judge orders Codina Partners’ affiliate to pay Grycon $8M in damages
1600 Northeast Second Avenue (Loopnet, Getty)
Sabet buys development site in Miami’s A&E District
Sabet buys development site in Miami’s A&E District
Truist Securities' John Gregg with 7600 Northwest 82nd Place (Truist Securities, JLL)
Hot deal for cold storage: Truist buys, leases back Quirch Foods’ Medley site
Hot deal for cold storage: Truist buys, leases back Quirch Foods’ Medley site
South Florida
Home sales fall over 20% in August across South Florida
Home sales fall over 20% in August across South Florida
Balzebre Investments' Robert Balzebre with 8710 Southwest 72nd Street
Winn-Dixie sues landlord over leaky roof at South Miami store
Winn-Dixie sues landlord over leaky roof at South Miami store
Electra America's Joe Lubeck with rendering of Southplace City Center (Electra America)
Electra America JV plans $1B mixed-use redevelopment of Southland Mall
Electra America JV plans $1B mixed-use redevelopment of Southland Mall
6001 Southwest 70th Street (Google Maps)
Duncan Hillsley drops $18M on bulk condo purchase of South Miami student housing
Duncan Hillsley drops $18M on bulk condo purchase of South Miami student housing
arrow_forward_ios

The Deal's newsletters give you the latest scoops, fresh headlines, marketing data, and things to know within the industry.

Loading...