My Right to Business Plan recognizes that all New York City residents have a right to start a business, and as Mayor, I will eliminate the barriers currently precluding residents from exercising that right.
- 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 starting a business.
- Create an Entrepreneurs and Small Business Council, which will be comprised of appointed industry leaders and tasked with advising me on the best approaches to maximize the efficacy of government-business partnerships.