On August 3, 2022, the Landmarks Preservation Commission announced the launch of their Business Express Service, a one-stop-shop where businesses operating in landmarked buildings can easily get permits. This Landmarks initiative aims to strengthen the City’s pandemic recovery in accordance with the Mayor’s Economic Blueprint.
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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.
Mayor Announces Zoning Proposals for Grocery Stores, Transit Accessibility, Small Businesses
The zoning proposals include allowing gyms and spas to open as-of-right. On March 9, 2021, Mayor Bill de Blasio announced several proposed zoning changes to support small businesses, create more groceries stores and improve accessibility across the city. The zoning proposals will enter the public review process later this year.
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.