NEW YORK CITY—Small company owners around the city may soon find themselves in a more hospitable business environment. That's because NYC Comptroller Scott Stringer has created a commission to help such firms identify issues that get in the way of doing business, he announced Monday at an Association for a Better New York breakfast meeting.
The red tape commission of small businesses owners and regulatory experts—which will be co-chaired by Jessica Lappin, president of the Downtown Alliance and Michael Lambert with the New York City and Bed-Stuy BID Associations—is set to help determine what roadblocks frustrate business owners, discourage innovation and block efficiency. In his speech, Stringer laid out several new initiatives for the coming year, including a shareowner agreement with Big Lots, one of the nation's largest discount retailers, to enact the New York City Pension Funds' boardroom accountability project proposal to give investors a greater say in how its corporate board is elected.
“In my first year as Comptroller, we have enhanced the capacity of this office, delivered value to taxpayers and helped to increase opportunity in our city,” he said. “In 2015, we are moving full steam ahead with new initiatives and partnerships to meet our common challenges.”
Comptroller Stringer also highlighted major accomplishments of his first year in office, including working with the City to refinance debt by taking advantage of low interest rates, reportedly saving taxpayers $1.2 billion to date.
“We accomplished a lot in 2014, but we are not slowing down as we head into a new year,” he said. “Our new initiatives are focused on making real the hopes and dreams of all New Yorkers. I thank you for joining me as we work together to make New York City the greatest City in the world.”
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Rayna Katz
Rayna Katz is a seasoned business journalist whose extensive experience includes coverage of the lodging sector, travel and the culinary space. She was most recently content director for a business-to-business publisher, overseeing four publications. While at Meeting News, a travel trade publication, she received a Best Reporting award for a story on meeting cancellations in New Orleans during Hurricane Katrina.
