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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.

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.

CUF shapes Mayor Adams's economic recovery blueprint

Impact - March 2022

CUF shapes Mayor Adams's economic recovery blueprint

Mayor Eric Adams released “Rebuild, Renew, Reinvent: A Blueprint for New York City’s Economic Recovery,” which outlines the mayor’s vision for an economic recovery focused on equity and economic mobility. Several of the mayor’s proposals align with recent research and recommendations from the Center for an Urban Future.

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 inspires pilot program to open up streets and public spaces for outdoor commerce

Impact - July 2020

CUF inspires pilot program to open up streets and public spaces for outdoor commerce

Staten Island Economic Development Corporation piloted a new program this past weekend that closed down a busy street in the New Dorp Lane District to allow for outside dining and outdoor shopping, inspired by recent CUF recommendations.

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 Elevates Challenges Facing NYC’s Nonprofit Sector

Impact - March 2016

CUF Elevates Challenges Facing NYC’s Nonprofit Sector

The Comptroller’s Red Tape Commission used our Creative New York report to highlight challenges and make recommendations for strengthening the city’s nonprofit sector.

Women-Owned Businesses in the Nation’s 25 Largest Cities

Data - March 2016

Women-Owned Businesses in the Nation’s 25 Largest Cities

This index provides data on women-owned businesses in each of the nation’s 25 largest cities, including the overall number of women-owned firms, the growth rate for women-owned businesses and male-owned businesses, and average revenues per women-owned business.

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