Two separate grants will be available for community-based organizations:

• BID Exploration Grant: Supports early-stage organizing and planning activities in preparation for a formal BID formation effort
• BID Formation Grant: Supports established steering committees with continuing the BID formation process

Mayor Eric Adams hailed a new law that suspends the city's liquor license surcharge and puts money back into the pockets of small business owners. The legislation suspends the city's 25 percent surcharge businesses pay on state liquor licenses for a year and is retroactively effective June 1, 2022. It is estimated that the legislation will help businesses citywide save $6.5 million over the next year.

The NYC Department of Small Business Services (SBS) announced it will award a total of $3.8 million in Avenue NYC and Neighborhood 360° grants to 24 community-based development organizations (CBDOs) working in low-to-moderate income neighborhoods.

NYC Mayor Eric Adams took major steps to reduce burdens on and cut red tape for the city’s small businesses by announcing reforms to 118 city regulations. The reforms stem from Executive Order 2 (EO2) "Small Business Forward" — signed in January 2022 — that requires city agencies to review existing business regulations and ensure local businesses face fewer needless fines and penalties without jeopardizing public health or safety.

Delivering on commitments made in Mayor Adams' Rebuild, Renew, Reinvent: A Blueprint for NYC's Economic Recovery, SBS, in collaboration with LaGuardia Community College and Lehman College, announce expansion of an educational program to assist internationally trained nurses with improving their English language skills, and obtaining licensure and employment as registered nurses in NYC.