“For many years the City’s earnings has been earned on the backs of small companies via endless agency violations. I’m hopeful that this brings some very important reduction to the companies in my District and all through the City,” mentioned Assembly Member Peter Abbate, Jr. “I assist Mayor Adams’ proposal to assist small companies by lowering the pink tape and fines that make entrepreneurship so troublesome on this metropolis. I believe these initiatives will help revive many industries that were hard hit by the COVID-19 pandemic,” stated Senator James Sanders, Jr.
The Business Credit Availability Program is available at varied monetary establishments and credit score unions to help businesses in all sectors and areas to obtain financing. The HASCAP supports the toughest hit companies, together with those in sectors like tourism and hospitality, hotels, arts and leisure. Eligible companies with fewer than 500 full time employees might qualify for interest-free …