INCLUDING THE HUDSON VALLEY

1 JANUARY 17, 2022 VOL. 58, No. THE HUDSON VALLEYCOMING ATTRACTION IN YONKERS: SECOND MOVIE/TV STUDIO CAMPUSBY PETER Point Studios LLC, the builder and man-ager of the Lionsgate Studio campus on Wells Avenue in downtown Yonkers, is planning to build a second studio campus in the city, the Business Journal learned during a studio visit and interview with Great Point's CEO Robert Business Journal report-ed last March that Yonkers Mayor Mike Spano was expecting that at least one and possibly two addi-tional movie studios would be developed in the Business Journal met with Halmi and toured the three new soundstages now ready for filming to begin at Lionsgate.

2 Two of the stages are 20,0000 square feet, while the third is 10,000 square feet. The stages are built with thick concrete walls, wood f loors, no internal columns and gridwork to sup-port lights and sets. Each is sup-plied with 4,800 amps of electri-cal service, enough to power 24 typical Westchester single-family Point has already announced that it is expand-ing the Wells Avenue Lionsgate campus at National Resources iPark HUDSON by adding seven additional 20,000-square-foot soundstages and one addition-al 10,000-square-foot stage.

3 Additional production facilities and office space also will be creat-ed. Approximtely 10 acres of adja-cent land have been acquired for the second location would be at the Rising Ground campus, formerly Leake & Watts at 463 Hawthorne Ave. overlooking the HUDSON River. It would have an additional 10 or 12 soundstages and support facilities, according to Halmi. This will be .. really the mini-Hollywood of the Northeast, Yonkers, right here. We're going to build this first campus with 11 soundstages, we're going to add a campus down the street.

4 And we'll have the largest film and television facility in the Northeast, Halmi said. We've had no problem leasing our stag-es. We're 92% leased in phase one. Halmi said that he could not immediately accommodate five feature films that wanted to begin shooting at Lionsgate and hopes to have additional sound-stages available sooner rather t ha n ribbon-cutting ceremo-ny and celebration that had been planned to take place on Lionsgate s opening day of Jan. 11 in 20,000-square-foot Stage A was canceled due to the surge in Covid cases.

5 However, Lionsgate's first production at the new cam-pus, the second season of the TV comedy series Run the World, was set to begin its move-in as planned on opening day. The stu-dio has protocols in place to deal with the threat from Covid and allow production activity to take identification on Wells Avenue frontage. Photo by Peter survey finds SMBs remain optimistic despite ongoing challengesBY JUSTIN the ongoing pan-demic, rising inf lation, supply chain issues and labor shortages, a new sur-vey finds small and midsize busi-nesses (SMBs) across the country are predicting a bright Morgan Chase s 2022 Business Leaders Outlook Survey, released Jan.

6 5, found 83% of midsize and 71% of small businesses said they were anticipating a good year ahead. Among midsize businesses, 81% anticipated revenue and sales growth in 2022, and 63% of small businesses felt the out of 10 surveyed SMBs expected an increase in their credit needs in the year ahead, the highest level of antic-ipation for this change in five years. As an economist I m not surprised, Jim Glassman, head economist for JPMorgan Chase Commercial Banking said of this apparent optimism.

7 We have been tracking these folks every six months, so we ve been seeing the story emerging throughout the pandemic. Some of your readers may be surprised there s so much optimism in the busi-ness community when we re still struggling with this virus, Glassman added. The thing to understand is that for most of these folks their business activity is at or higher than where it was prior to the pan-demic. According to Glassman, this stems from improved vaccina-tion rates and the adaptability that most successful entrepre-neurs need to succeed even under normal business condi-tions.

8 NEW SURVEY 6 LIONSGATE 2 CLICK HERE FOR VIDEO2 JANUARY 17, 2022 FCBJ WCBJW estchester County Business Journal (USPS# 7100) Fairfield County Business Journal (USPS# 5830) is published Weekly, 52 times a year by Westfair Commu-nications, Inc., 701 Westchester Ave., White Plains, NY 10604. Periodicals Postage rates paid at White Plains, NY, USA 10610. POSTMASTER: Send address changes to: Westchester County Business Journal and Fairfield County Business Journal: by Westfair Communications, Inc., 701 Westchester Ave, White Plains, NY 10604. Annual subscription $60; $ per issueMore than 40 percent of the Business Journal is printed on recycled newsprint.

9 2022 Westfair Communications Inc. All rights reserved. Reproduction in whole or in part without written permis-sion is MEMBER OFPublisherDee DelBelloExecutive Co-Publisher Dan Viteri Associate Publisher Anne Jordan NEWSF airfield Bureau Chief & senior Enterprise Editor Phil HallCopy and Video Editor Peter KatzSenior Reporter Bill HeltzelReporters Georgette Gouveia, Peter Katz, Justin McGownAssistant Editor Bridget McCuskerResearch Coordinator Luis FloresART & PRODUCTIONC reative Director Dan ViteriGraphic DesignerSarafina PavlakADVERTISING SALESM anager Anne JordanMetro Sales & Custom Publishing Director Barbara HanlonMarketing & Events Director Fatime MuriqiMarketing Partner Marcia PflugEvents Sales & Development Marcia PflugAUDIENCE DEVELOPMENT Manager Daniella VolpacchioResearch Assistant Sarah KimmerADMINISTRATIONC ontracted CFO Services Adornetto & Company OFFICE TELEPHONE914-694-3600 OFFICE FAX914-694-3699 EDITORIAL

10 TO4 Smith Avenue, Suite #2 Mount Kisco, NY 10549 We don t create gimmicks to enrich ourselves; we enrich our readers with news about where they live and work. Specifications for the com-pleted campus at the iPark site include parking for 600 cars and 100 trucks. It will have the capa-bility for originating live TV broad-casts as well as recording them. Camera, lighting and stagehand equipment will be available on-site along with a collecion of props and fully-equipped carpentry areas for building sets. There will be dress-ing rooms for actors, on-site restau-rants and a concierge service to help those working on-site deal with personal needs and logistics such as transportation to an air-port.