New York City Agencies Launch a ‘Comprehensive’ Small Business Resource Network | 2020

Yesterday (September 30, 2020) the NYC Small Business Resource Network was launched as “a comprehensive approach” to strengthening New York City’s economy and accelerating the recovery of small businesses in response to the crisis facing many of the city’s small businesses in the wake of COVID-19.


For more information or to sign up,
visit the NYC Small Business Resource Network


The launch of the public-private partnership is funded by a $2.8 million grant from the New York City-based Peter G. Peterson Foundation and supported by in-kind contributions from other partners.

Also participating are the New York City Economic Development Corporation (NYCEDC) in collaboration with New York City Department of Small Business Services, and the Chambers of Commerce of

Many of the city’s corporate, financial, and professional services sectors are participating, as well as universities, philanthropies and volunteers who are participating in a range of programs and services.

New York City Small Business

Statistics provided by the NYC Small Business Resource Network 

1.3 million | Number of people employed by the city’s small businesses

236,000 | Number of small businesses with fewer than 100 employees

90% | Percentage of the city’s small businesses that have fewer than 20 employees        

New York City has the highest proportion of minority-owned businesses of any major U.S. city. ·               

As of last May, the city’s unemployment rate reached 18.3% and is projected to average 9.8% in 2020 and 10.9% in 2021 ·        

Of the 236,000 city businesses with under 100 employees, over 87,000, or 37%, are either retail, professional services, or accommodation and food services businesses 


For more information or to sign up,
visit the NYC Small Business Resource Network


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