In his final State of the City Mayor Bill de Blasio laid out his plans for New York City’s recovery from the Covid-19 pandemic and his thoughts for the city moving forward. Some of his bolder initiatives for small businesses are reliant on State approval and Federal aid. Though what NYC looks like post Covid-19 […]
Local Sales Tax Collections Decline by 10 Percent in 2020, With Major Shifts in Consumer Spending
Local government sales tax collections declined by 10 percent overall in 2020, or $1.8 billion, compared to the previous year, according to a recent report issued by New York State Comptroller Thomas P. DiNapoli. This decline was actually a bit steeper than the drop during the Great Recession, when local sales tax collections fell 6 […]
New York City to Expand Successful Neighborhood Loading Zone Program
The New York City Department of Transportation (DOT) seeing a shift in consumer behavior related to e-commerce, began the Neighborhood Loading Zone (NLZ) program in 2019. The Covid-19 pandemic shifted how millions of Americans work and shop helping supercharge the e-commerce boom leading to a rapid expansion of the NLZ program. NLZ aims to accommodate […]
New York City to Significantly Expand Street Vendor Permits
For about 30 years the number of food vendor permits in New York City has been capped at 3,000. To circumvent this, an unground market has popped up where permits are “leased” for as much as $30,000 a year. The City Council is poised to increase the number of permits and change how food vendors […]
Buy American
The supply chain issues that the Covid-19 pandemic laid bare combined with ill-advised “redevelopment” of industrial zones in major cities, such as New York shows how vital homemade manufacturing is. Workers across the supply chain, in industrial fields were the ones deemed essential (along with workers in healthcare and first responders). To strengthen the American […]