SBS promotes commercial lease assistance program for small business owners

In a recent government meeting focused on supporting small businesses in New York City, officials from the Small Business Services (SBS) department highlighted their ongoing efforts to assist local entrepreneurs, particularly through programs aimed at enhancing accessibility and compliance with the Americans with Disabilities Act (ADA).

As the discussion unfolded, it became clear that SBS has collaborated with various entities to distribute funding for loans and grants. Notably, the chambers of commerce and business improvement districts (BIDs) were mentioned as key partners. Additionally, the Community Revitalization Fund (CRF) and the NYC Opportunity Fund were identified as significant resources for small business financing.

One of the standout initiatives discussed was the Commercial Lease Assistance (CLA) program, which has gained popularity among small business owners. Council members learned that this program is extensively advertised through neighborhood-based business solution centers and outreach efforts. SBS representatives emphasized that the CLA program not only assists entrepreneurs in the early stages of their business journey—such as those still in the ideation phase—but also provides crucial legal support for those facing challenges with existing leases.

The program aims to connect small business owners with free legal assistance, helping them navigate lease agreements and avoid costly mistakes. This proactive approach is designed to empower entrepreneurs, ensuring they have the necessary resources to thrive in a competitive market.

As the meeting concluded, officials expressed a desire to reach more small businesses, encouraging council members to direct constituents who could benefit from these programs to SBS. The commitment to supporting small businesses in New York City remains strong, with a clear focus on accessibility and legal assistance as vital components of their strategy.