small business
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 - March 2022
CUF shapes Mayor Adams's economic recovery blueprintMayor 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.
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 - July 2020
CUF inspires pilot program to open up streets and public spaces for outdoor commerceStaten 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.
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 - March 2016
CUF Elevates Challenges Facing NYC’s Nonprofit SectorThe Comptroller’s Red Tape Commission used our Creative New York report to highlight challenges and make recommendations for strengthening the city’s nonprofit sector.
Data - March 2016
Women-Owned Businesses in the Nation’s 25 Largest CitiesThis 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.
Impact - October 2014
Following CUF's recommendation, city requires companies to offer pre-tax transit benefitsFollowing a recommendation from our Innovation and the City report, the Mayor and City Council implemented legislation mandating that New York City companies offer full-time employees access to pre-tax transit benefits.
