(Friday) Extra, Extra New Member BreakfastNYC Redistricting ProcessNYC Small Business Advisory Commission
Legislative NewsNYS Department of Financial Services RegulationsDepartment of Buildings After Hours ProgramAlternate Side of Street Parking RestoredNew Regulations from Dept. of Consumer Affairs & Worker Protection
Upcoming EventsMember SpotlightLa Central YMCA Ribbon Cutting in the HUB
NEW MEMBER BREAKFAST WELCOMES BUSINESSES TO THE BRONX CHAMBER OF COMMERCE |
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The Bronx Chamber of Commerce was thrilled to welcome new members to the Chamber family during our July New Member Breakfast. A morning of networking and understanding services and programs offered by our organization. Members benefit from business development services, advocacy, connections, and educational programs to enhance Bronx businesses and our borough's economic development. The entire Chamber team is grateful to our new members and the Board of Directors for their consistent support of Chamber operations and programs.
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NEW YORK CITY COUNCIL REDISTRICTING PROCESS |
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Next week the NYC Redistricting Commission will release draft maps of proposed changes to New York City Council district lines. It is vitally important that we pay attention to these proposed changes and provide feedback.
The Bronx and New York City need you to be engaged in drawing the lines for our government's City Council district maps.
The U.S. Constitution requires a census or count of the population every ten years. This census triggers the redistricting of federal, state and local legislative districts across the nation. New York City’s population grew from 8.2 million people in 2010 to 8.8 million in 2020. That’s roughly 630,000 people new to the city throughout 51 City Council districts.
The commission has 15 members. Seven are appointed by the mayor. Eight are appointed by the New York City Council. Five are appointed by the Council majority and three by the Council minority. Learn who your Commissioners are, Click Here
MAYOR ADAMS OPENS NOMINATIONS FOR THE NYC SMALL BUSINESS ADVISORY COMMISSION |
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The New York City Department of Small Business Services (SBS) launched the nomination period for the Small Business Advisory commission which will be open from now until July 29, 2022.
Chaired by SBS Commissioner Kevin D. Kim, the commission will consist of at least 30 members, all of whom will be appointed by the mayor. “New York City’s small business owners are experts in their fields. They know better than anyone else how the city can speed up our economic recovery,” said Kevin D. Kim, Commissioner of the NYC Department of Small Business Services on July 7. “With the Small Business Advisory Commission, we are harnessing the power of small businesses across the city by making sure they have a seat at the table to move our recovery forward.”
To nominate a business owner to serve on the NYC Small Business Advisory Commission, Click HERE |
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THE BRONX CHAMBER OF COMMERCE REQUESTS FEEDBACK ON NEW NYS DEPARTMENT OF FINANCIAL SERVICES REGULATIONS |
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New York State Department of Financial Services has proposed a new regulation that ignores its statutory obligation to support the Check Cashing Industry and will have an immediate impact on the industry and the communities it serves.
On June 15, 2022, DFS released a Proposed Regulation that, if adopted in its current form, would: 1) drastically reduce the maximum check cashing fee for government-issued checks from the current rate of 2.27%, to 1.5%; 2) drastically reduce the maximum check cashing fee for all other checks from 2.27% to 2.2%; and 3) eliminate the current regulated CPI-U mechanism for adjusting the maximum check cashing fee annually and substitute a process in which check cashers can only apply for an increase every five years.
The Proposed Regulation ignores the statutory obligation of DFS to support the check cashing industry. It will have an immediate and material adverse impact on the industry, causing many existing licensed locations to close, and will result in the elimination of check cashing services to millions of New Yorkers who currently rely on those services. The Proposed Regulation will also cause the loss of critical ancillary services provided by check cashers. Finally, the closing of check cashing locations will necessitate the elimination of thousands of jobs, the majority of which are currently held by minorities.
The New York check cashing industry was formed by the New York State Legislature in 1944 under Article 9-A of the New York Banking Law. Since it was created, it has evolved into a full-service community based financial services industry delivering a wide variety of products and services which are either not available at banks or credit unions or are not offered at the same low-cost as offered by check cashers. In addition to check cashing, licensees offer domestic and international money transfers, low-cost money order sales, electronic bill payment services for thousands of billers (including payments of rent to the NYC Housing Authority), prepaid debit cards, and more.
Millions of New York consumers rely on check cashers because they offer convenient locations, expanded hours of operation, friendly service, and a unique mix of financial products and services. Check cashing locations are safe and convenient while charging fully transparent fees that are among the lowest in the U.S. Check cashing fees are set by the NYS Department of Financial Services (DFS).
The check cashing industry consists primarily of small businesses and employs approximately 4,000 people statewide. Check cashers hire from the communities served and majority of the employees of check cashers are women and minorities. In many communities, check cashers provide an economic engine for the residents that live and work there.
For more detailed information on this matter, Click HERE
The Legislative Affairs Committee of the Bronx Chamber of Commerce wants feedback from members regarding this proposed rule change. Please Click HERE to provide feedback or convey your willingness to serve on this issue specific Working Group.
RECENT CHANGES TO NYC REGULATIONS & ADDITIONAL SERVICES |
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Department of Buildings After Hours Program Beginning Tuesday, June 7, 2022, Department of Buildings offices will be open every Tuesday from 4:00 pm to 7:00 pm for homeowners, tenants, small business owners, and building managers.
During Buildings After Hours, homeowners, tenants, small business owners and building managers are encouraged to visit their local borough office where DOB staff can answer questions and provide the information needed to:
plan for a home renovation or construction projectaddress an open violation on a propertyobtain more information about a propertyuse online resources including the Buildings Information System (BIS) and DOB NOW.
Staff from the following offices will be available at every borough office: borough commissioner’s office, borough operations, development inspections, enforcement inspections, and plan examination. Staff from the Administrative Enforcement Unit will be available in the Manhattan borough office.
Alternate Side of the Street Parking Resumes
After a reprieve of more than two years, full alternate-side parking is back in New York City, requiring some drivers who park on the street to play musical chairs twice a week instead of just once.
DCWP Notice of Adoption: Open Captioning, Automated Employment Decision Tools, Force Fed Production
SAVE THE DATE - 2022 GALA: CELEBRATING OUR MEMBERS |
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Thursday September 29 - 6:30PM Marina Del Rey, Bronx NY
Celebrating Our Members
Join us for fun, networking and fundraising at this can't-miss Bronx Chamber Signature Event recognizing the importance of Chamber members and the vital services the Bronx Chamber of Commerce provides to the borough and New York City.
Wednesday, July 13 from 10:00am to 12:30pm Small Business Financing Workshop
Entrepreneurs know that financing is key to starting and growing a business, but the array of options can be difficult to navigate. This course teaches you how to apply financiers’ method of evaluation –the 5 Cs of Business Credit –and explores the advantages and disadvantages of debt-based, equity-based, and crowdfunding financing.
Thursday, July 20 from 6:00pm to 8:00pm Pride 365: LGBTQIA+ Business Reception
Ponce Bank, The Bronx Community Foundation, The Bronx Chamber of Commerce, and Third Avenue Business Improvement District in partnership with the Office of the Bronx Borough President will announce a first of its kind Pride 365: LGBTQIA+ business empowerment initiative on Wednesday, July 20, 2022 at 6:00pm at Ponce Bank, located at 980 Southern Boulevard in the Bronx. The initiative seeks to empower LGBTQIA+ businesses and residents while building localized community wealth in the Bronx.
Thursday, July 28 from 6:00pm to 9:00pm Summer BBQ Networking Event
Join us for a summer celebration barbeque at the Pelham Split Rock Golf Course! Enjoy fresh barbequed food, smores, drinks and speed networking with your fellow Bronx businesses and chamber staff.
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Get to know (or re-familiarize yourself with) the work of the Bronx Chamber and the many ways we serve as your A.C.E. in business through our three pillars: Advocacy - Connections - Education Many thanks to our media partner BronxNet Community Television
The $250 million COVID-19 Capital Costs Tax Credit Program provides financial assistance to New York State small businesses burdened with a range of operational costs stemming from the COVID-19 pandemic, from structural changes and building upgrades to health-related supplies and materials. The Program offers qualifying businesses relief from the added economic burden by providing tax credits to help reduce the pandemic-related financial impact. Small businesses can receive a tax credit of 50% of qualifying expenses up to a maximum of $25,000 in tax credits based on qualifying expenses of $50,000.
Barstool Sports has created the Barstool Fund in support of the 30 Day Fund to help small businesses survive with grants up to $100,000. To be considered, the fund is looking for businesses with a proven track record of success and owners who kept most of their employees on during the pandemic. Applications will be accepted throughout the year.
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