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Stringer Forms Small Biz Red Tape Commission

NEW YORK CITY—Set to identify the stumbling blocks for such companies getting business done, the group will be co-chaired by the Downtown Alliance's Jessica Lappin and a Brooklyn BID executive.

By Rayna Katz | Updated on January 26, 2015

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.

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