Small businesses in New York City have been given a boost by the city’s business improvement districts (BIDs) and the Mayor. During outreach events held across the five boroughs on Monday, Commissioner Kevin Kim emphasized the positive impact of the 75 BIDs in New York City, which cover 300 miles of commercial corridors and contribute $194 million annually to the economy.
Mayor Eric 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. The New York City Small Business Expo, scheduled to take place on May 29, is just one upcoming event that aims to promote and support small businesses. This expo 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.