On October 10, 2024, Councilmember Mercedes Narcisse introduced Int. 1082, legislation mandating the NYC Commissioner of Small Business Services to conduct a study and report on the fees and costs required to start and maintain small businesses in New York City – with particular focus on certified minority- or women-owned businesses (M/WBEs). The bill defines small business to cover those that meet the size standards under the code of federal regulations, are not a franchise … <Read More>
M/WBEs
New York City Acquisition Fund to Have Exclusive Focus on M/WBEs and Nonprofits
The fund currently has $210 million in lendable proceeds. On January 21, 2021, Mayor Bill de Blasio, along with the Taskforce on Racial Inclusion & Equity, the Department of Housing Preservation and Development, the Housing Development Corporation, Enterprise Community Partners, Local Initiatives Support Corporation, and a coalition of public, private and philanthropic partners announced that the New York City Acquisition Fund (NYCAF) will exclusively serve Minority and Women-Owned Businesses (M/WBEs) and nonprofits to support affordable … <Read More>