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.
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Zoning for Economic Opportunity Aims to Remove Zoning Obstacles for Certain Types of Businesses
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.
New York Law School Hosts Open Community Meeting on the Future of Tribeca Following the Pandemic
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: