New York City’s commitment to supporting small businesses was on full display on Monday as Commissioner Kevin Kim and Mayor Eric Adams recognized the crucial role played by business improvement districts in their local communities. The 75 BIDs in the city cover 300 miles of commercial corridors and contribute $194 million annually to the economy.
Mayor Adams announced significant investments totaling nearly $7 million to support small businesses, with the goal of boosting tourism and revitalizing commercial areas throughout the city. These investments are aimed at driving economic growth and creating opportunities for local entrepreneurs.
One upcoming event that aims to promote and support small businesses is the New York City Small Business Expo, scheduled to take place on May 29. This event will bring together hundreds of businesses from across the city, providing networking opportunities and resources to help them thrive. The expo is a testament to the city’s commitment to supporting the small business community and fostering economic development.