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January 30, 2009

Velázquez Looks to the Future of the Moore Street Market as New Lease Agreement is Reached

New York, NY – Today, Congresswoman Nydia M. Velázquez (D-NY) was joined in the Moore Street Market plaza by vendors and community leaders to applaud the announcement of a new lease agreement that will keep “La Marqueta” open for years to come.  The Moore Street Market is a cultural institution and economic engine for the Brooklyn community.  Velázquez said a five-year agreement has been signed by the New York City Economic Development Corporation (NYCEDC) turning operations over to the Brooklyn Economic Development Corporation (BEDC), with the opportunity to extend the lease for an additional five years.

“The merchants of the Moore Street Market have won a major victory that strengthens tradition in entrepreneurship and preserves a local treasure.  This decades-old, public market remains a vital resource for the neighborhood to access fresh fruits and vegetables, traditional Latin American food and cultural experiences,” Velázquez said.

The new agreement ensures the market will continue to be available in Williamsburg. It will also provide the market’s independent vendors, who employ more than 40 people, the opportunity to grow their businesses as they look toward the future with a renewed sense of opportunity.

“As the Chair of the House Small Business Committee, I recognize the importance of supporting entrepreneurs during these difficult economic times.  The ability of small firms to adapt to trying circumstances and create new jobs for the community is unmatched.  The vendors at the Moore Street Market will bring jobs to Williamsburg at a time when they are badly needed,” Velázquez said.

Built in 1941, La Marqueta is one of the City’s last remaining public markets.  When the market faced the possibility of closure in 2007, Congresswoman Velázquez secured $250,000 in federal funds for the creation of a strategic plan to ensure the long-term economic sustainability of the market.  Working with the Project for Public Space (PPS), a non-profit organization dedicated to public markets and community development, the merchants are now exploring opportunities to strengthen their operations for years to come.