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CUF Inspires Key Proposals in City Council’s FY2025 Budget Response

Impact - April 2024

CUF Inspires Key Proposals in City Council’s FY2025 Budget Response

In April, the City Council released its FY2025 budget response. Several of the Council's proposals align with recent research and recommendations from the Center for an Urban Future, including investments in CUNY Reconnect and CUNY ACE, training teachers in computing education, increasing support for underresourced entrepreneurs, and bolstering adult literacy and older adult services.

CUF Sparks Start-up Competition for NYCHA Entrepreneurs

Impact - May 2023

CUF Sparks Start-up Competition for NYCHA Entrepreneurs

A report CUF published outlining the need for more support for entrepreneurs living in NYCHA has inspired a new start-up competition explicitly for public housing residents. Additionally, CUF's report influenced nine major proposals from the Council Speaker and a bill recently introduced by the City Council to support NYCHA entrepreneurs.

Council Speaker’s State of the City Proposals Echo CUF Recommendations

Impact - March 2023

Council Speaker’s State of the City Proposals Echo CUF Recommendations

City Council Speaker Adrienne E. Adams delivered her second State of the City address in March 2023, in which she highlighted two important proposals sparked by research from CUF: one on expanding economic opportunity for minority-owned businesses and another focused on boosting support for NYCHA entrepreneurs.

CUF’s Research Helps to Spark Inclusion of CDFIs in NYC Small Business Opportunity Fund

Impact - January 2023

CUF’s Research Helps to Spark Inclusion of CDFIs in NYC Small Business Opportunity Fund

In 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.

CUF report influences City Council bill to create Small Business Digitization Team

Impact - September 2022

CUF report influences City Council bill to create Small Business Digitization Team

Council Member Julie Menin introduced a bill to establish an Office of Small Business Digitalization to help many more small businesses in the city get online. This initiative follows CUF's event on how to help more minority-owned businesses get online and our report No Small Relief, which included recommendations for city leaders to help small businesses adapt to the digital world.

State Increases Investment in CDFIs, Echoing CUF's Recommendation

Impact - February 2022

State Increases Investment in CDFIs, Echoing CUF's Recommendation

New York State will allocate $150 million to CDFIs to boost immigrant- and minority-owned businesses, reflecting a key recommendation from CUF's December 2021 report, No Small Relief: Strengthening NYC’s Most Vulnerable Small Businesses.

CUF forum series helps spark Queens Public Library business incubator program

Impact - June 2021

CUF forum series helps spark Queens Public Library business incubator program

The new initiative will connect aspiring entrepreneurs with small business experts, drawing on insights from CUF's five-part series on encouraging and supporting low-income entrepreneurship.

CUF Report Sparks New Entrepreneurial Bootcamp for Women 50+

Impact - February 2020

CUF Report Sparks New Entrepreneurial Bootcamp for Women 50+

NYC's Economic Development Corporation and the Department of Small Business Services have launched a new bootcamp for women entrepreneurs over 50, closely following recommendations from CUF reports in 2018 and 2016 calling on the city to support older women entrepreneurs and the growth of women-owned businesses.

CUF Report Shapes City’s Approach to Women Entrepreneurs

Impact - April 2016

CUF Report Shapes City’s Approach to Women Entrepreneurs

CUF's Breaking Through report on women entrepreneurs in New York City is influencing policymakers, leading to a City Council hearing in April 2016.

CUF Report Spurs New Initiative for Low-Income Entrepreneurs in Rochester

Impact - March 2016

CUF Report Spurs New Initiative for Low-Income Entrepreneurs in Rochester

CUF's 2013 Launching Low-Income Entrepreneurs report is helping policymakers in Rochester to harness low-tech entrepreneurship as a pathway out of poverty for city residents.

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