Small Business hearings takes dire tone. On August 13, 2020, the City Council Committee on Small Business held a remote public hearing, on three bills that would cumulatively limit third-party food delivery services and require the Department of Small Business Services to create reports on COVID-19 related small business grants and loans. Beyond the three bills, the hearing also delved into the state of small business in the City and potential action to alleviate stresses … <Read More>
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Comptroller’s Report Reveals COVID-19 Impact on Minority- and Women- Owned Businesses
Eighty-five percent of the survey respondents expect to go out of business within six months. On July 10, 2020, New York City Comptroller Scott M. Stringer released a comprehensive analysis of the economic hardships minority and women-owned enterprises (M/WBEs) are facing during the COVID-19 pandemic. In response to the survey findings, Comptroller Stringer announced new accountability measures to ensure the City is meeting its M/WBE goals.
Mayor Announces $80 Million to Rebuild 70 Mulberry Street After Fire
The fire displaced several non-profits that served the Chinatown community. On July 2, 2020, Mayor de Blasio and Department of Citywide Administrative Services (DCAS) Commissioner Lisette Camilo announced $80 million in funding and the creation of an advisory committee to rebuild 70 Mulberry Street, the historic building and social service center that was ravaged by a five-alarm fire on January 23, 2020. 70 Mulberry Street, lovingly referred to as “The Heart of Chinatown,” housed five … <Read More>
CityLaw Profile: Elizabeth Fine, General Counsel, Empire State Development Corporation
Elizabeth Fine became General Counsel and Executive Vice-President of the Empire State Development Corporation in 2014 after a long career of government service. Fine grew up in New Haven, Washington D.C., and Lima, Peru. Her family eventually settled in the Boston area, where Fine graduated Brookline High School. Jonathan Fine, Elizabeth’s father, had worked in Lima for the Agency for International Development while her mother, Edith W. Fine, was an administrator for the Peace Corp. … <Read More>
Landmarks Calendars Site of Former Synagogue for Designation Rescission
The former landmarked synagogue was home to the country’s oldest Russian Orthodox Jewish congregation. On May 19, 2020, the Landmarks Preservation Commission voted to calendar a decision to rescind the individual landmark designation of a vacant lot, located at 60 Norfolk Street, Manhattan. The lot was formerly the site of the Beth Hamedrash Hagodol Synagogue, which was fully demolished in 2019 after a fire destroyed most of the building.
NYC Banking Commission Recommends Eliminating Interest on July Property Tax Payments
The recommendation will also impact interest rates for small property owners not impacted by COVID-19. On May 13, 2020, the New York City Banking Commission recommended that the City Council create a new hardship exemption to eliminate interest on late payments for property taxes due in July for small property owners who faced financial hardship due to COVID-19. The Banking Commission is comprised of Mayor Bill de Blasio, Department of Finance Commissioner Jacques Jiha, and … <Read More>