TODAY, New York City Mayor Zohran Mamdani signed Executive Order 11 to create an inventory and identify ways to cut the fees and fines that small businesses pay in New York City. Small businesses face a complex web of over 6,000 regulations and rules, which make it harder to start or grow a business in New York, and drives up costs for businesses and customers alike. The executive order directs the Deputy Mayor for Economic Justice, Julie Su, and seven agencies to create a comprehensive inventory of fees and civil penalties, identify ways to reduce and streamline them, and advance policy reforms to do so in the coming months. Mayor Mamdani signed the executive order on the counter of a locally-owned small business in Cypress Hills, Brooklyn.
"You cannot tell the story of New York without our small businesses. Yet, our City has long made it too hard for these same businesses to open their doors, and to keep them open. With today's Executive Order, we will bring that chapter to an end, instead delivering relief to businesses from the fines and fees that drive up their costs," said Mayor Zohran Kwame Mamdani.
"The small business owners who give this city its identity and vibrancy have too rarely been considered in the backrooms where decisions are made. Not on our watch," said Deputy Mayor for Economic Justice Julie Su. "Mayor Mamdani was elected to City Hall not solely because his campaign offered solutions for the countless New Yorkers tired of rents being raised, childcare costs soaring year after year, and public transit failing those who rely upon it. He was elected because he spoke to the small business owners of this city as partners and because he knows that when New Yorkers feel a challenge, small business owners often feel it first. For us, uplifting small businesses is a core responsibility of city government."
Under Executive Order 11, seven City agencies, under the direction of the Deputy Mayor for Economic Justice, must create a full inventory of the fees and civil penalties that they collect and identify whether they can be reduced within 45 days. Within 90 days, these agencies must determine which fees are unnecessary and can be eliminated through a rulemaking process. Within 180 days, city officials will identify even further fees and penalties that require legislative action to be reduced. Lastly, within the next year, city agencies will create a report on the feasibility of an amnesty and relief program for business owners.
