QUESTION
How does the Department of Small Business Services (SBS) gather data to fulfill reporting requirements for local laws on storefront vacancies?
0:22:01
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66 sec
The Department of Small Business Services (SBS) employs different methods to collect data required by local laws regarding storefront vacancies.
- For Local Law 152, SBS utilizes a vendor to gather data every 90 days.
- The data collected by the vendor is used in SBS's Local Law 152 reports to ensure accuracy.
- For Local Law 157, which involves self-reported property owner data, SBS defers to the Department of Finance's reports and methods.
Oswald Feliz
0:22:01
So SBS is subject to 2 major reporting requirements on store phone vacancies, including local law 152, which requires that SBS report on storefront businesses for a minimum of 20 community districts per year and also local law 15 7 slash 95, which requires that the property owners submit information related to their property.
0:22:24
So how does SBS gather data to fulfill these reporting requirements per year?
0:22:28
Sonu, you mentioned there's a vendor for one of these?
Calvin Brown
0:22:31
Yes.
0:22:31
So for local law 152, we've been a able to use this vendor to collect that information.
0:22:38
And like we said, we get it every 90 days.
0:22:40
So when we have to do the report in for 11 I'm sorry, local log 152, we're we're able to use the most accurate data that we had from their last campus in.
0:22:50
As it relates to local low 157, which is like self reported data.
0:22:55
That data is submitted to the Department of Finance.
0:22:57
So we will defer it to, like, their report and habits I mean, their report and methods and and numbers.
Oswald Feliz
0:23:07
Okay.
