impact - January 2023
CUF’s Research Helps to Spark Inclusion of CDFIs in NYC Small Business Opportunity FundIn January, Mayor Adams announced the launch of a $75 million Small Business Opportunity Fund, that will tap the city's nonprofit Community Development Financial Institutions as lending partners, mirroring the Center’s recommendations for the city to make CDFIs a key partner in efforts to strengthen under-resourced small businesses.
impact - December 2022
CUF inspires new bills to expand job opportunities for New Yorkers with disabilitiesIn late December, the City Council passed two bills that would expand employment opportunities for people with disabilities, inspired by research and recommendations from CUF’s March 2022 Access Opportunity report.
Report - December 2022
State of the Chains, 2022Our fifteenth annual ranking of national retailers in New York City finds a slight 0.3 percent uptick in chain stores across the five boroughs. However, despite the continued recovery from the sector’s steep contraction in 2020, this year’s bump in chain locations was a fraction of last year’s 2.7 percent increase.
Commentary/Op-Ed - December 2022
Let’s swiftly implement ‘New’ New York blueprintIn this Crain’s New York Business op-ed, CUF's Jonathan Bowles and Fisher Brothers' and Area15's Winston Fisher urges city and state leaders to re-imagine economic development to focus more on transit, open space, cultural vibrancy, housing, sanitation, and safety, which in today's talent-driven economy are as vital to the city’s future economic competitiveness as any tax incentive or sectoral strategy.
impact - December 2022
CUF influences the mayor and governor’s New New York reportIn December, Mayor Adams and Governor Hochul released the recommendations of the "New" New York Panel. Three recommendations were directly inspired by CUF's research, including: modernizing libraries to support remote work; reducing employment barriers for people with disabilities; and creating workforce infrastructure to connect New Yorkers with good jobs.
Report - December 2022
Bolstering Minority- and Immigrant-Owned Businesses by Scaling Up CDFIsNew city and state government policies and investments are needed to strengthen New York City’s minority- and immigrant-owned businesses. Few would have a greater impact than expanding the reach of the city's Community Development Financial Institutions.