AGENCY TESTIMONY
COVID-19 response and economic recovery initiatives
0:11:00
·
93 sec
Khan outlines SBS's response to COVID-19 and subsequent economic recovery initiatives. He highlights key programs and their impacts on small businesses and the city's economy.
- Outdoor dining supported nearly 12,000 businesses during the pandemic
- SBS launched the $85 million NYC Small Business Opportunity Fund, supporting over 1,000 businesses
- The NYC Best for Business Express Service Team saved businesses over $36 million in fines and fees
- Over 100 reforms were implemented to cut red tape for small businesses
- New York City now has a record-breaking 4.7 million jobs in over 183,000 businesses
Haris Khan
0:11:00
During COVID 19, outdoor dining supported nearly 12,000 businesses helping many survive the most severe impacts of the pandemic.
0:11:08
Local businesses also benefited from patrons frequenting Open Streets, pedestrian plazas, public parks, and our neighborhood shops.
0:11:16
Under the leadership of first deputy mayor towards Springer, and in collaboration with our partner agencies, SBS delivered key initiatives in the mayor's blueprint for economic recovery over the past 3 years.
0:11:28
We launched the $85,000,000 New York City Small Business Opportunity Fund, marking the largest public private partnership in city history aimed at supporting small businesses.
0:11:38
The Fund reached over 1000 businesses citywide with 80% identifying as minority or women owned, empowering diverse entrepreneurs across New York City.
0:11:47
SDS also initiated the NYC best business express service team.
0:11:52
Which has saved businesses over $36,000,000 in fines and fees.
0:11:56
With support from this in counsel, we implemented over a 100 reforms to cut red tape for small businesses by creating first time warnings, cure periods, and removing outdated mandates saving businesses over 8,000,000 annually.
0:12:10
SBS also introduced groundbreaking grant programs providing critical support to revitalize neighborhoods and business corridors in every barrel.
0:12:19
Today, New York City has more jobs in small businesses than ever before, a record breaking 4,700,000 jobs in over 183,000 businesses.
0:12:28
Notably, 1 in every 3 small business has opened within the past 2 years.
