Restaurants and Retailers Beg NYC: Stop Using us as an ATM

Restaurants and Retailers Beg NYC: Stop Using us as an ATM

New York, NY, USA – December 17, 2021: French Roast Brasserie and Cafe on Broadway and 85th St. (Shutterstock) By Andrew Rigie and Jessica Walker, NY Post How to explain the city’s lagging recovery? Look no further than the pandemic-induced financial challenges still facing our restaurants and retail shops, which make up the economic backbone of […]

NYCEDC and Evergreen Inc. Announce Opening of New Manufacuring Facility in Brooklyn to Benefit Small Businesses and Create Jobs

Facility Dedicated in Honor of Evergreen’s Longtime Board Treasurer Wesley H. Watson

NYCEDC and Evergreen Inc. Announce Opening of New Manufacuring Facility in Brooklyn to Benefit Small Businesses and Create Jobs

BROOKLYN, NY—New York City Economic Development Corporation (NYCEDC) and Evergreen Incorporated: Your North Brooklyn Business Exchange (Evergreen) celebrated the opening of the Wesley H. Watson Industrial Center at 500 Stagg Street, a new $6.8 million manufacturing facility in East Williamsburg. It is named in honor of Wesley H. Watson, a beloved Evergreen board treasurer who provided financial […]

Mayor Adams Signs “Small Business Forward” Executive Order to Reform Small Business Violations

Reforms will reduce fine schedules and allow for warnings for first-time violations.

Mayor Adams Signs “Small Business Forward” Executive Order to Reform Small Business Violations

NYC Mayor Eric Adams signs executive order to help small business owners with reform on violations for first time violations. – New York City, NY USA January 4, 2022. (Shutterstock) NEW YORK—Mayor Eric Adams today signed the “Small Business Forward” Executive Order to reform existing business regulations, ensuring local businesses face fewer needless fines and […]

2021 Small Business Saturday

2021 Small Business Saturday

Dear Friends and Neighbors,   It’s more important now than ever to shop small! Many small businesses have been harmed by the economic toll of the pandemic and together we have built and supported community resilience that continues to be put to the test this year. Small businesses are the heart and soul of our community. I encourage […]

Over 70,000 Small Businesses Have Applied for New York’s $800 Million Grant Program

Over 70,000 Small Businesses Have Applied for New York’s $800 Million Grant Program

By Chelsea Diana, Biz Journals Over 70,000 small businesses across New York state have applied for up to $50,000 in grants as part of New York’s $800 million small business recovery grant program. Pravina Raghavan — executive vice president of the Division of Small Business and Technology Development for Empire State Development — said ESD […]

Make a Big Impact: Shop Small – Small Business Saturday

Make a Big Impact: Shop Small – Small Business Saturday

Dear Friends and Neighbors,   Together we have built and supported community resilience that has been put to the test this year as we have navigated multiple crises. I encourage the community to mark their calendars this weekend, Saturday, November 28th, 2020, a significant shopping weekend for Small Business Saturday and shop local. I urge the community to support […]

Feds’ Small Business Loan Program Has $128B Left. Yet City’s Minority Owners Still Struggling to Get Their Share

Feds’ Small Business Loan Program Has $128B Left. Yet City’s Minority Owners Still Struggling to Get Their Share

BY RACHEL HOLLIDAY SMITH (thecity) Federal funds for COVID-19 business relief were depleted at one point, but now there’s more money than businesses getting it. According to the U.S. Small Business Administration, $128 billion was left to lend in the Paycheck Protection Program as of Wednesday evening, with just over a week left for businesses to apply in […]

What do struggling small businesses need most? Time – and bankruptcy can provide it

What do struggling small businesses need most? Time – and bankruptcy can provide it

By Brook Gotberg and Paige Marta Skiba, The Conversation The coronavirus pandemic and lockdown forced nearly a third of all small businesses in the United States to close. Some have shut down for good – one estimate puts the percentage at almost 2%, or over 100,000 so far. Those that remain and are gradually opening up must navigate a host of […]