Q&A
Discussion on Small Business Resource Network funding
0:56:36
·
66 sec
Council Member Krishnan inquires about the funding for the Small Business Resource Network, which is currently funded through FY24. He asks if Commissioner Kim would support the restoration and baselining of funding for this program. Kim acknowledges the program's importance and mentions ongoing budget discussions.
- The Small Business Resource Network is funded with $500,000 and a one-shot of $1,500,000 in SBS's budget
- The network provides crucial services such as website financing and operations support
- Commissioner Kim recognizes the program's value but indicates that budget discussions are still ongoing with OMB
Shekar Krishnan
0:56:36
I just have a few questions.
0:56:38
One is the small business resource network is funded in FY 24 of the other council's 5 borough chambers.
0:56:45
Alliance Initiative, I think, about 500,000 and a one shot of 1,500,000 SBS's budget.
0:56:51
The network offers support to businesses across the city with website financing operations and all crucial services that small businesses depend on in terms of technical assistance and support.
0:57:01
Would you support risk restoration and baselining of the funding for the Small Business Resource Network?
Kevin Kim
0:57:10
What I'll say is that the small business resource network has been a great program for small businesses.
0:57:16
The chambers that we work with in particular, the book and chamber of Commerce Randy Pierce this year, today.
0:57:22
We know that these programs are very important.
0:57:26
So we're looking at it right now on terms of the budget process as it continues, and we're having discussions with LMB.
0:57:34
And so we will say that, again, it's a great program, and we've been very fortunate to partner with our chambers on that.