fbpx
Absa Bank Kenya Partners with Huawei to Build a New Digital Foundation for Branch NetworksRead more Stylish and compact, these new Canon instant printers make creative pursuits easyRead more Nigerian Law Enforcement agencies open investigations on Hawilti and company executives for criminal breach of trust, cheating, defrauding investors schemeRead more Famine looms in Somalia, but many ‘hunger hotspots’ are in deep troubleRead more Launch of the 3rd Edition of the Choiseul Africa Business Forum, a Must-Attend Event for the Business Community in Africa October 19th & 20th, 2022 in Casablanca, MoroccoRead more World’s Biggest Afrobeats Music Festival Afro Nation Extends Partnership with APO Group until 2025Read more Master Trainer (MT) National Meeting on Sustainable Coffee Practices Organized by The International Islamic Trade Finance Corporation in Collaboration with The Sustainable Coffee Platform of Indonesia (SCOPI)Read more Thai Ambassador met the Thai Community in Dar es Salaam and Zanzibar and visited the Buddhist Temple in TanzaniaRead more Generation Africa awards US$100,000 to two young agripreneurs from Kenya and Uganda in the fourth annual GoGettaz Agripreneur Prize Competition at the African Green Revolution Forum Summit in Kigali, RwandaRead more Medicaid Cancer Foundation and AstraZeneca celebrate Prostate Cancer Awareness month with the launch of Project Icon NigeriaRead more

Legislation to Form two new Business Improvement Districts and Promote Salary Transparency in New York City

show caption
Mayor Eric Adams/Tayfun Coşkun - Anadolu Agency
Print Friendly and PDF

May 13, 2022 - 03:55 AM

NEW YORK – New York City Mayor Eric Adams signed legislation to establish two new Business Improvement Districts (BIDs) in the Bronx’s Castle Hill and Manhattan’s West Village. The bill signing will help accelerate the incorporation of these two BIDs, so that they will be fully functional by the beginning of Fiscal Year 2023. The creation of these new BIDs — along with today’s release of comprehensive guides for forming and expanding BIDs and Merchant Associations — deliver on Mayor Adams’ commitment to strengthen business supports in small and underserved commercial corridors, particularly in low-to-moderate-income (LMI) communities, as outlined in his “Renew, Rebuild, Reinvent: A Blueprint for New York City’s Economic Recovery.”

Mayor Adams also signed legislation amending Local Law 32 of 2022, which requires certain employers in New York City to post a salary range with all job postings. The legislation amends provisions of the salary transparency law and moves the effective date to November 1st of this year.

“Small businesses are the backbone of New York City’s economy, and ensuring they have the resources they need is critical to an equitable recovery,” said Mayor Adams. “The bills we are signing today underscore our commitment to delivering for underserved communities, while promoting greater transparency for employees throughout the city.”

The health of the city’s small businesses is essential to the vitality of local neighborhoods and represents the foundation of the city’s economy. BIDs represent specific geographical areas where local stakeholders oversee and fund the maintenance, improvement, and promotion of their commercial districts, and are overseen by the New York City Department of Small Business Services (SBS).

The creation of new BIDs in the Bronx and lower Manhattan will help local businesses bounce back from the COVID-19 pandemic and are the result of years of grassroots organizing. Steering committees — representing property owners, business owners, and residents — came together to identify the needs of their neighborhoods and envision how a BID could improve the conditions and economic activity of Castle Hill and the West Village.

MAORANDCITIES.COM uses both Facebook and Disqus comment systems to make it easier for you to contribute. We encourage all readers to share their views on our articles and blog posts. All comments should be relevant to the topic. By posting, you agree to our Privacy Policy. We are committed to maintaining a lively but civil forum for discussion, so we ask you to avoid personal attacks, name-calling, foul language or other inappropriate behavior. Please keep your comments relevant and respectful. By leaving the ‘Post to Facebook’ box selected – when using Facebook comment system – your comment will be published to your Facebook profile in addition to the space below. If you encounter a comment that is abusive, click the “X” in the upper right corner of the Facebook comment box to report spam or abuse. You can also email us.