City Council votes to advance ‘City of Yes for Economic Opportunity’ proposal

In a significant step towards supporting small businesses and entrepreneurs, the New York City Council Subcommittee on Zoning and Franchises and the New York City Council Committee on Land Use have voted to approve Mayor Eric Adams’ “City of Yes for Economic Opportunity” proposal.

This historic initiative aims to remove outdated limitations on businesses, create thriving commercial corridors, and bolster New York City’s economic recovery.

Mayor Adams hailed the votes as an important step towards achieving his administration’s goals of protecting public safety, rebuilding the economy, and making the city more livable for working-class New Yorkers. The proposal has undergone thoughtful modifications to balance public input while maintaining its purpose and intent.

The “City of Yes for Economic Opportunity” proposal seeks to revitalize local retail streets and commercial centers across the city, ensuring they remain lively and sustainable hubs that support neighborhoods. The initiative has received widespread support from small business owners, entrepreneurs, and community leaders.

Mayor Adams expressed his gratitude to Speaker Adams and Chairs Riley and Salamanca for their dedication and collaborative effort in advancing the proposal.

He urged the full City Council to adopt the regulations in the coming weeks, paving the way for a more vibrant and inclusive economic landscape in New York City.