entrepreneurship
Impact - July 2024
CUF Influences New York City’s FY2025 BudgetNew York City adopted its FY2025 budget, which includes includes several restorations and investments inspired by the Center for an Urban Future’s recent research and recommendations, including restoration of CUNY's budget and funding for key opportunity programs, establishing a human services-focused fellowship, restoring funding for adult literacy programs, including ESOL, and bolstering the capacity of CDFIs.
Impact - April 2024
CUF Inspires Key Proposals in City Council’s FY2025 Budget ResponseIn 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.
Impact - May 2023
CUF Sparks Start-up Competition for NYCHA EntrepreneursA 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.
Impact - March 2023
Council Speaker’s State of the City Proposals Echo CUF RecommendationsCity 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.
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 - September 2022
CUF report influences City Council bill to create Small Business Digitization TeamCouncil 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.
Impact - February 2022
State Increases Investment in CDFIs, Echoing CUF's RecommendationNew 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.
Impact - June 2021
CUF forum series helps spark Queens Public Library business incubator programThe 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.
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.
Impact - April 2016
CUF Report Shapes City’s Approach to Women EntrepreneursCUF's Breaking Through report on women entrepreneurs in New York City is influencing policymakers, leading to a City Council hearing in April 2016.
