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Int 0799-2026
| A | Yusef Salaam | | Proposed Int. No. 799-A | Establishing a support fund for small retail businesses affected by roadway construction. | Introduction | This bill would require the Department of Small Business Services (SBS) to establish a program to provide loans, grants, services, materials, or some combination, to support small businesses affected by city construction projects. To qualify, businesses must demonstrate (i) a reasonable expectation of costs or losses resulting from a city construction project that is expected to disrupt traffic for 30 days or more; (ii) a plan to mitigate or offset such costs and losses; and (iii) any other application requirements stipulated by SBS. Loans under this program would be limited to $50,000 per storefront per year and would have an interest rate of no more than 3 percent. Grants or reimbursements would be limited to $15,000 per storefront per year. SBS would create an application process and timeline of 30 days or less to review and issue a final determination on applications. Awards under this program must be disbursed within 14 days of the business meeting all applicable requirements. | | |
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Res 0328-2026
| * | Yusef Salaam | | | Providing a tax credit to businesses negatively affected by infrastructure construction. | Resolution | | | |
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