NYC Comptroller Scott Stringer. Image credit: Office of the New York City Comptroller

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. (more…)

The Life Sciences sector has seen incredible growth in the NYC metro region. The Zoning for Economic Opportunity text amendment may change restrictions that make it easier for life sciences industries to expand and continue to grow. Image Credit: Tory Williams/EDC.

On Wednesday, June 1, Mayor Eric Adams outlined his, “City of Yes” initiative. This initiative is the next phase of his, “Rebuild, Renew, Reinvent,” plan to stimulate recovery from the COVID-19 pandemic. “City of Yes,” is built around a series of three as-yet-unwritten zoning text amendments to modernize and simplify zoning resolutions to encourage business growth, stimulate housing creation, and reduce the city’s carbon footprint. (more…)

Mayor Eric Adams with the signed “Small Business Forward” Executive Order. Image Credit: Ed Reed/Mayoral Photography Office.

The executive order requires agencies to evaluate their most common summonses issued. On January 4, 2022, Mayor Eric Adams signed the “Small Business Forward” Executive Order to help small businesses face fewer fines and penalties as they continue to recover from the impacts of the ongoing COVID-19 pandemic. The executive order requests that agencies like the Department of Buildings, Fire Department, Department of Consumer Worker and Protection, Department of Sanitation, Department of Environmental Protection and the Department of Health and Mental Hygiene examine their business regulations to reduce fine schedules, allow cure periods, or provide warnings for first time violations.  (more…)

Panelists discuss options on how to organize and plan for Tribeca’s future post pandemic. Image credit: CityLand

Panel welcomed small business owners, residents, and other interested parties for a discussion regarding Tribeca and the neighborhood’s ongoing economic recovery from the COVID-19 pandemic.  On March 4th, New York Law School’s Dean Anthony Crowell published an open letter in the Tribeca Citizen that discussed the economic impact of the pandemic on the Tribeca community and NYLS’s commitment to helping the neighborhood navigate its recovery following Covid-19. Dean Crowell wrote: (more…)