Photo of Mayor Bill de Blasio with Commissioner Gregg Bishop and other officials
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    Effective July 1, 2018, the threshold for Manhattan’s CRT for businesses with income up to $5 million will increase from $250,000 to $500,000 annual rent, with the benefit provided on a sliding scale for businesses with income between $5 million and $10 million or paying $500,000 to $550,000 in rent. In total, the move reduces taxes for 2,700 small businesses, including 1,800 that will no longer pay the tax at all.
Classroom with computer open showing coding and students in background
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    SBS Commissioner Gregg Bishop announced that New York City’s Tech Talent Pipeline is equipping more for-profit and non-profit tech training organizations to deliver better job outcomes for New Yorkers. By issuing a key practices report and partnering with local training providers, the City is helping ensure that New Yorkers graduate from trainings with the essential skills needed to succeed in quality tech jobs.
Women business owners and Deputy Mayor Alicia Glen at announcment event
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    Mayor Bill de Blasio and not-for-profit crowdfunding platform Kiva.org launch WE Fund: Crowd to help women entrepreneurs access affordable capital and start businesses in New York City. Through Kiva, women entrepreneurs can apply for crowdfunded loans of up to $10,000 and the City will contribute the first 10% of their loan request.
SBS and MOPD commissioners in front of a small business in Brooklyn
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    Mayor Bill de Blasio, SBS, the Mayor’s Office of People With Disabilities (MOPD), and NYC Council Member Brad Lander announce new resources to help small businesses comply with the Americans With Disabilities Act (ADA) and City regulations.

Programs & Initiatives