Small Business Services Awards $3.8 Million in Nonprofit Grants

Funding from the Avenue NYC and Neighborhood 360 grant programs will be awarded to 24 nonprofits working towards pandemic recovery in low to moderate income neighborhoods. On July 13, 2022, the NYC Department of Small Business Services (SBS) announced it will award $3.8 million in multi-year grants through the Avenue NYC and Neighborhood 360 programs. This investment will be divided among 24 community-based development organizations working in low-to-moderate income neighborhoods.




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.


Helping Small Businesses Stabilize Themselves: Too Big to Fail or Too Small to Let Fail, Both Need Help

 

It is time to start a real conversation about a small store retail rent stabilization program.

Many neighborhoods , not only in Manhattan,  but  also in other high use commercial districts in all the  boroughs are being shred apart as small Mom and Pop’s just cannot fight back the tide of the enormous  run up of  commercial retail rents in recent years.


Small Food Manufacturers Discussed Common Business Hazards at Community Meeting

Work space, affordable insurance, and information access among chief concerns of small Brooklyn food and beverage manufacturers. On February 26, 2013, the Brooklyn Chamber of Commerce and Council Member Stephen Levin hosted an event for local food and beverage manufacturing businesses at the Wythe Hotel in Williamsburg, Brooklyn. The organizers sought to give Brooklyn entrepreneurs a chance to raise issues related to starting and growing a successful food-based small business. Organizers hoped to take the … <Read More>