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Allocation of IBSP funds for business retention versus expansion

0:54:30

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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.

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Reasons for delays in issuing multi-year RFPs for IBSPs

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Support for Minority and Women-owned Business Enterprises (MWBEs) in the industrial sector