Local law · Int 0874-2026
Establishing a legacy business registry and preservation fund
New York City Council
Sponsor: Virginia Maloney (Council Member, District 4, Democratic)
Official titleShow
A Local Law to amend the administrative code of the city of New York, in relation to establishing a legacy business registry and preservation fund
The heading above is this same sentence with its legal opening removed. No words were added, changed or reordered.
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From the NYC Council's legislative record (Legistar) and official rosters. This record was last updated Aug 1, 2026. About our data
Summary
This bill would require the Commissioner of Small Business Services (“SBS”) to establish a Legacy Business Registry to recognize businesses that have operated in New York City for a minimum of 20 years and that have significantly contributed to the history, identity or character of a neighborhood or community in the City. In order to be part of the Legacy Business Registry, a business would be required to be nominated by the Mayor, the Public Advocate, a Borough President, or a Member of the City Council. In addition, the Commissioner of SBS would consult with the relevant Community Board and the Landmarks Preservation Commission regarding whether a business meets the requirements to be designated as a Legacy Business. The bill would also require the Commissioner of SBS to carry out activities to recognize the contributions of Legacy Businesses to their communities, and to establish a Legacy Business Preservation Fund to award grants to Legacy Businesses and property owners who offer a 10-year lease to a Legacy Business, in cases in which a Legacy Business faces a significant risk of displacement.
Summary from NYC Council (Legistar). How we handle summaries
Where it stands
Assigned to a committee for review.
- Introduced
- In committee
- Up for a vote
- Passed one chamber
- Passed
- Enacted
Committee
Committee on Small Business
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Cosponsors
19
Cosponsors in the order the New York City Council lists them.
- Democratic15
- Republican3
This bill has cosponsors from more than one party.
Party is shown for the 18 cosponsors who are on Agora.
Shown in neutral colors by design; Agora is non-partisan.
- Farah N. Louis
- Shanel Thomas-Henry
- Tiffany L. Cabán
- Kevin C. Riley
- Pierina Ana Sanchez
- Shekar Krishnan
- Alexa Avilés
- Shahana K. Hanif
- Harvey D. Epstein
- Ty Hankerson
- Kayla Santosuosso
- Lynn C. Schulman
Show the full list (19 names)Show fewer cosponsors
- Carl Wilson
- Amanda C. Farías
- Shirley Aldebol
- Frank Morano
- Joann Ariola
- Inna Vernikov
- Public Advocate Jumaane Williams
Names without a link are in the official record but not on Agora.
Full history
- Sep 16, 2026
Hearing held
This Introduction was Hearing Held by Committee
Committee on Small Business
- Sep 16, 2026
Held over
This Introduction was Laid Over by Committee
Committee on Small Business
- Apr 30, 2026
Introduced
This Introduction was Introduced by Council
NYC Council
- Apr 30, 2026
Referred to committee
This Introduction was Referred to Comm by Council to the Committee on Small Business
NYC Council
Read the record
- Official record (opens in a new tab) The authoritative record on the NYC Council's Legistar.
- Readable version (intro.nyc) (opens in a new tab) An independent, easier-to-read copy of the same bill. Not an official source.