The Path Forward: How New York Is Helping Small Businesses Survive

The video discusses the impact of the pandemic on small businesses in Brooklyn, NY, and the financial support provided through grants and loans. It highlights the technical assistance offered to help businesses adapt and participate in federal programs. The community spirit of New Yorkers is emphasized, with examples of businesses supporting first responders. The video concludes with advice for entrepreneurs on leveraging resources and planning for the future.

What was one of the initial financial responses to help small businesses in New York City during the pandemic?

• Awarding over $19 million in grants

• Providing free marketing services

• Offering free office space

• Reducing business taxes

What type of assistance was provided to help small businesses understand federal programs?

• Financial audits

• Marketing strategies

• Legal advice

• Technical assistance

How did some small businesses in New York City adapt during the pandemic?

• By opening new branches

• By hiring more employees

• By providing fresh food and personal protection equipment

• By expanding their office spaces

What is a key characteristic of New Yorkers as mentioned in the video?

• Their reluctance to change

• Their ability to rise to the occasion

• Their preference for large corporations

• Their focus on individual success

What advice is given to entrepreneurs for the future?

• Focus solely on online sales

• Avoid collaboration with other businesses

• Ignore technological advancements

• Take advantage of available resources