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.

SBS announced in a new report that the City's 76 Business Improvement Districts (BIDs) invested more than $162 million in New York City neighborhoods during fiscal year (FY) 2021, supporting nearly 300 miles of commercial corridors and approximately 24,000 storefront businesses.

NYC Department of Small Business Services announced three Strategic Impact Grants totaling $800,000 to support commercial districts and Open Streets in low- to moderate-income (LMI) neighborhoods. The grants are intended to help community-based organizations (CBOs) boost economic activity in areas that were hit hardest by the pandemic.

Mayor Eric Adams and SBS Commissioner Kevin D. Kim kicked off a grand celebration of National Small Business Week with five days of events in all five boroughs. The events helped raise awareness of the many resources and services SBS offers to small businesses, encouraged New Yorkers to shop local, and celebrated small businesses that are at the heart of the city’s economic recovery and growth.

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.