{"id":324259,"date":"2026-08-18T19:28:48","date_gmt":"2026-08-18T19:28:48","guid":{"rendered":"https:\/\/www.newsbeep.com\/us-ny\/324259\/"},"modified":"2026-08-18T19:28:48","modified_gmt":"2026-08-18T19:28:48","slug":"brooklyn-to-receive-2-8-million-for-community-organizations-supporting-small-businesses","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/us-ny\/324259\/","title":{"rendered":"Brooklyn to Receive $2.8 Million For Community Organizations Supporting Small Businesses"},"content":{"rendered":"<p>More than 30 Brooklyn organizations will share nearly $2.8 million to increase foot traffic and boost small businesses. <\/p>\n<p>The New York City Department of Small Businesses Services <a href=\"http:\/\/www.nyc.gov\/mayors-office\/news\/2026\/08\/mayor-mamdani-invests-more-than--8-4-million-in-grants-to-suppor\" rel=\"nofollow noopener\" target=\"_blank\">announced<\/a> that Brooklyn will receive nearly $2.8 million of $8.4 million total\u00a0in grants across the city \u2014 one of the largest releases of small business grants in SBS history.\u00a0<\/p>\n<p>The grant comes\u00a0after\u00a02025 marked the first year of net loss in small businesses across the city since COVID,\u00a0President and CEO of Brooklyn Chamber of Commerce Randy Peers told BK Reader. That year, the number of closed businesses exceeded the number\u00a0 opened by about 4,000.<\/p>\n<p>There are several\u00a0reasons for 2025&#8217;s\u00a0net loss, including immigrant businesses dealing with tariffs and fears of ICE enforcement, said Peers.\u00a0<\/p>\n<p>One major priority of the funds is building solidarity amongst\u00a0concentrated areas of\u00a0businesses known as commercial corridors.\u00a0<\/p>\n<p>&#8220;What we learned during COVID is that if a commercial corridor had a BID (business improvement district) or had an active merchant association, it was in a much better position to survive the crisis,&#8221; Peers said.\u00a0<\/p>\n<p>Recipients of the grant money in Brooklyn include the Brooklyn Alliance, the the Coney Island BID, Third Avenue Merchants Association in Bay Ridge, and the Atlantic Avenue BID.\u00a0<\/p>\n<p>Brooklyn, home to the most businesses out of the five boroughs at 72,000, received the largest allocation in the grants totaling\u00a0$2,774,135. The 32 grants given to organizations in the borough serve more than 20,000 small businesses.\u00a0<\/p>\n<p>In addition to support for small businesses, funds will be\u00a0directed toward\u00a0public art, street cleaning, lighting\u00a0and way-finding infrastructure.<\/p>\n<p>The grants come after Mayor Zohran Mamdani announced &#8220;<a href=\"https:\/\/www.nyc.gov\/mayors-office\/news\/2026\/07\/mayor-mamdani-announces--open-for-small-business---over-50-refor\" rel=\"nofollow noopener\" target=\"_blank\">OPEN for Small Business<\/a>,&#8221;\u00a0a package of over 50 reforms to support small businesses across the city.<\/p>\n<p>\u201cFrom colorful murals in Port Richmond to brighter street lamps in Harlem, these investments will bring new energy to neighborhoods across our city and new customers to the tens of thousands of small businesses that call them home. This $8.4 million investment will keep our sidewalks clean, our public spaces bright, and give more small business owners the resources they need to grow,\u201d Mamdani said.<\/p>\n<p>The investment could have broad impacts in Brooklyn, not only on how businesses organize and thrive, but also on how they sustain themselves long-term.<\/p>\n","protected":false},"excerpt":{"rendered":"More than 30 Brooklyn organizations will share nearly $2.8 million to increase foot traffic and boost small businesses.&hellip;\n","protected":false},"author":2,"featured_media":324260,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[36],"tags":[98,100,99,122110,9,24,63],"class_list":["post-324259","post","type-post","status-publish","format-standard","has-post-thumbnail","category-brooklyn","tag-brooklyn","tag-brooklyn-headlines","tag-brooklyn-news","tag-grantsmayor-mamdaninew-york-city-department-of-small-business-services","tag-new-york","tag-new-york-city","tag-nyc"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/posts\/324259","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/comments?post=324259"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/posts\/324259\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/media\/324260"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/media?parent=324259"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/categories?post=324259"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/tags?post=324259"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}