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New York News Reports

Adams: Opportunity Fund Provided $85 Million to Small Businesses

garyglennell

NEW YORK – New York City Mayor Eric Adams and New York City Department of Small Business Services (SBS) Commissioner Kevin D. Kim today celebrated that New York City has set another all-time high for the total number of jobs ever in the city’s history, with 4,730,066 total jobs, according to new data released by the New York State Department of Labor.

As part of his administration’s celebration of the city’s economic resurgence and efforts to build more equitable opportunities, Mayor Adams also announced progress on his historic “NYC Small Business Opportunity Fund.” Through the fund, SBS and partners have supported 1,046 businesses with loans totaling more than $85 million in affordable low-interest capital. The fund is the city’s largest-ever public-private partnership fund directed at small businesses.

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Source: The Office of the Mayor

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