Council Passes Bill to Provide Small Businesses with More Financial Information

On September 14, 2023, the City Council passed Int. No. 969-A, which requires the Department of Small Business Services to provide information on local community development financial institutions on the city’s one-stop shop business services portal. According to the U.S. Department of the Treasury, community development financial institutions are financial lenders that help, “promote access to capital and local economic growth in…low-income communities… through monetary awards and the allocation of tax credits.”