My Right to Business Plan recognizes that all New York City residents have a right to start a business, and as Mayor, I will work to eliminate barriers preventing people from owning and operating small businesses:
- Streamline and impose time limitations on the business permit and licensing process. All permit and licensing applications will receive a final determination within 60 days. No business should be left waiting in bureaucratic perpetuity.
- Create a new small business loan program that offers low-value loans ($300 to $45,000) to help small businesses in lower- and middle-income neighborhoods get off the ground.
- Revive and expand the NYC Business Express initiative, which provides residents with easily accessible information on the regulatory steps for operating a business.
- Create an Entrepreneurs and Small Business Council, including appointed industry leaders. The council will advise me on the best approaches to maximize the efficacy of partnerships between city government and small businesses.