DBEGoodfaith.com Newsletter

December 2009  -  Volume 4, Number 12  -  New York Edition  -  www.dbegoodfaith.com

in this issue

Small Biz Task Force presents report to guv

Bloomberg pledges more funding for public works

The DBE Goodfaith Advantage

Small Business Task Force report presented to governor

New York State's Small Business Task Force presented its Final Report with recommendations for small business growth to Governor David Paterson earlier this month. The proposals include increasing access to capital, improving access to and awareness of state resources, and improving training and assistance resources.

"We believe we have delivered a robust and comprehensive set of recommendations that will serve the small business community well," Task Force Chairman William J. Grinker said. "Our recommendations were guided by the Governor's directives - to design strategies to aid the growth of small businesses, maximize job creation and reduce duplication and waste through more positive interactions with State government. Surely, New York State has the talent, the dedication and the entrepreneurial spirit needed to ensure growth for years to come, and I believe these recommendations, when acted upon, can leverage that talent into the jobs and industries that will drive the new economy."

To improve small businesses access to capital, the Report suggested that New York create a small businesses revolving loan fund, expand existing loan programs, and explore methods for reducing interest rates on small business loans.

Governor Paterson praised the report, promising to work for small businesses in the future.

"I have worked for the past 20 months to expand opportunity for small businesses - to increase minority and women-owned business participation in government contracting four-fold and to double alternative lending resources for entrepreneurs," the governor said. "But there's more work to be done and that's why I look forward to reviewing these recommendations and working with the Task Force to implement a number of them as a means of creating jobs and improving the business climate in New York."

The governor has already acted on one of the recommendations included in the Task Force's Report. On his direction, the state published the Directory of Small Business Programs to provide information on 140 state programs that may be of interest.

The governor also announced the launch of the New York State Small Business Lending Guide, which is a free online resource that connects small businesses with various alternative lending institutions.

To read Governor Paterson's press release on the report, visit:
http://www.ny.gov/governor/press/press_1201091.html

To read the full report, visit:
http://www.ny.gov/governor/press/pdf/Final_report.pdf

To learn more about the Small Business Task Force, visit:
http://www.nysmallbiztaskforce.org

To view the Small Business Lending Guide, visit:
http://www.nylovessmallbiz.com/lenders.htm


Bloomberg pledges more money for public works spending

In a weekly radio address at the end of November, New York City Mayor Michael Bloomberg pledged to spend billions of dollars on infrastructure upgrades despite the economic downturn.

"When there's a budget crunch, city governments all too often cut back on maintaining and upgrading essential infrastructure," Mayor Bloomberg said. "That's what New York City did during the fiscal crisis of the 1970s - and for years afterwards, we all paid a steep price in fixing bridges, sewers, and other facilities after they'd already broken down. So we're not taking that path again. Investing in our infrastructure creates jobs and economic opportunity, now and in the future too. And not making those investments is just short-sighted. Even in tough times - no, especially in tough times - these are projects we can't afford not to build."

The mayor says the city will spend at least $5.3 billion to renovate schools, fire stations, recreation centers, and other public facilities. He did not provide a time frame for the expenditures. The cash injection will create over 1,800 construction jobs.

The infrastructure plan is part of an agreement made between Mayor Bloomberg and the city's construction unions to keep the public construction industry healthy.

"The agreements we've reached to date are designed to prevent costly strikes and work slowdowns and reduce other delays and expenses; altogether, they'll save taxpayers almost $300 million over the next four years. We'll re-invest those savings in building dozens more infrastructure projects that we'd otherwise have to delay."

The mayor also revealed that another proposal is being discussed with construction unions that will set aside an additional $500 million for public works spending.

The agreements with the unions will also make it easier for disadvantaged businesses to obtain work on city contracts, says Mayor Bloomberg.

"The unions also said 'yes' to measures that will make it easier for more minority- and women-owned businesses to participate in the City projects covered by the agreements," the mayor said. "And in a separate 'memorandum of understanding,' the Building and Construction Trades Council and the Building Trades Employers' Association also pledged to fill 45 percent of future building trades apprenticeships with women, minorities, newly returning veterans, and recent graduates of the city's public high schools. That's going to put thousands of New Yorkers who need jobs on course to good careers building our city's future."

To read the transcript of Mayor Bloomberg's radio address, visit: http://www.nyc.gov/portal/site/nycgov/menuitem.c0935b9a57bb4ef3daf
2f1c701c789a0/index.jsppageID=mayor_press_release&catID=1194&doc
_name=http://www.nyc.gov/html/om/html/2009b/pr512-09.html&cc=unu
sed1978&rc=1194&ndi=1


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When: 1/5/2010
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When: 1/14/2010
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