Q&A
Allocation of IBSP funds for business retention versus expansion
0:54:30
·
35 sec
Council Member Farías inquires about the allocation of IBSP funds for business retention versus expansion. Kitty Chan from SBS provides a brief response.
- There is no specific division of funds between retention and expansion efforts
- Council Member Farías also asks about reviving the mayor's office of industrial businesses, but SBS needs to follow up on this question
Amanda Farías
0:54:30
And I'm sorry if you've already answered this.
0:54:33
What percentage of IBSP funds go towards retaining industrial businesses versus expanding?
0:54:39
Is the pot divided in any way like that?
Kitty Chan
0:54:42
No.
0:54:42
No.
0:54:42
Thank you very much for
Amanda Farías
0:54:43
the question.
0:54:44
No.
0:54:44
It's not.
0:54:46
Okay.
0:54:46
And then have there been any thoughts, around reviving the mayor's office of industrial businesses that create to create a centralized focal point incorporating New York City policy for business services?
Kitty Chan
0:55:00
Thank you very much for that question.
0:55:02
I'm gonna have to get back to you on that.
0:55:04
K.
