* Bowling alley deal

The Clinton-backed Harlem Small Business Initiative, which recently announced plans to expand into Brooklyn and the Bronx, helped two investors, Sharon Joseph and Gail Jacobs spend up to $5 million on Harlem Bowling.

The bowling alley will be located at the former Alhambra Theater at 2110-2118 Adam Clayton Powell Blvd. The bowling alley will be located on the third and fourth floors, taking up 12,500 s/f. The ceilings on each floor top out at 45 feet.

The investors took out a 20-year lease on the space, situated between 125th and 126th streets and will install an automated teller machine on the site to generate more revenue.

Eric Meyer, of GVA Williams, and Nicole Meyer, of Newmark New Spectrum, represented the building owners.

Joseph and Jacobs were aided by Booz Allen Hamilton, the management consulting firm, helped teach them how to market their products and services and to control their inventories, Mr. Williams said.
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The National Black MBA Association aided the women on improving their bookkeeping and accounting skills.

"It was a collective effort between these groups," said Clyde Williams, Clinton's chief domestic policy advisor at his Harlem office.

Among other services, "we gave them information on things they had to do to generate a business plan (and) a security plan," Williams said.

Students from the NYU Stern School of Business assisted in helping with plans for the bowling alley, which is slated to open in December.

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