AGENCY TESTIMONY
Small Business Forward initiative and regulatory reforms
0:16:01
ยท
59 sec
Commissioner Gross details the Small Business Forward initiative, launched by Mayor Adams to reduce regulatory burdens on small businesses.
- Explains Executive Order 2, which required city agencies to review and reform common violations
- Highlights over 100 reforms identified to reduce fines, create cure periods, and issue warnings
- Notes that these reforms are saving small businesses more than $8 million per year
- Credits the City Council for supporting these efforts through Local Law 151 of 2023
Dynishal Gross
0:16:01
The pandemic also prompted a critical reassessment of how city government itself can become a barrier to entrepreneurship and economic growth.
0:16:11
Within his 1st week in office, mayor Adams signed executive order 2, also known as Small Business Forward.
0:16:20
This order charged the city's regulatory agencies with reviewing their most common violations and identifying reforms to reduce the regulatory burden on small businesses.
0:16:32
Through this effort, the Adams administration identified over 100 reforms to reduce fine schedules, create cure periods, and issue warnings to first time violators not endangering public health or safety, saving small businesses more than $8,000,000 per year.
0:16:51
These savings would not have been possible without the support of the city council through the passage of local law 151 of 2023.