Connecting small businesses with the right resources at the right time

The pandemic shined a spotlight on the inequities in the small business ecosystem:

• Nearly 90 percent of business closures were businesses with fewer than 10 employees
• Black-owned businesses were more than twice as likely to close shop than white-owned businesses

That’s why, as part of our mission to help every small business realize its potential, we’re thrilled to announce our collaboration with Mastercard and the City of New York to pilot a platform that connects small businesses in NYC with the right resources to start, run, and grow their business. This pilot will integrate with Mayor Eric Adams’ initiative to develop an online portal for small businesses to track their transactions with the City (including filings, permits, and inspections) with greater accessibility and transparency.