Governor highlights role of small businesses to NY State’s economy

November 29, 2024 Brooklyn Eagle Staff

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INDUSTRY CITY AND STATEWIDE — NEW YORKERS ARE ENCOURAGED TO SUPPORT LOCAL BUSINESSES during the holiday season. Gov. Kathy Hochul on Nov. 29 highlighted the critical role New York’s small businesses play in building vibrant communities across the state, and reminded consumers of the annual Small Business Saturday observance to celebrate the significant impact small businesses have on local economies across the state. Small Business Saturday celebrates the innovation and dedication of small business owners, particularly merchants, and some farms. Small businesses – defined as those with fewer than 100 employees – represent 98% of all businesses in the state, employing nearly 40% of the private-sector workforce. New York is home to more than 71,000 stores, with nearly 79% — approximately 55,000 — being independent local retailers.

Under Hochul’s leadership, New York State continues to prioritize the growth and prosperity of small businesses through a diverse array of initiatives and programs. Since taking office, the Governor has launched a number of programs dedicated to small businesses, committing hundreds of millions through Empire State Development to foster entrepreneurship, stimulate innovation and ensure that these businesses have the support they need to succeed.

Small Business Saturday is big in Brooklyn: Industry City holds its annual Small Biz Saturday at Building 5, with features from the Brooklyn Made, including tastings and kids activities. The Brooklyn Chamber of Commerce and Brooklyn Org are also part of this event.

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