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vrijdag 14 augustus 2026
WORLD WORLDWIDE US USA - New York NY - New York Citya NYC - The City Scoop - Friday, Aug. 14, 2026
Friday, Aug. 14, 2026
For-hire drivers pack into a Taxi & Limousine Commission hearing on fines at the TLC's Lower Manhattan headquarters, Aug. 13, 2026. (Ben Fractenberg/The City Reporter)
“Drivers are already suffering from the economic penalty of being suspended, not being able to work,” Midori Valdivia, commissioner and chair of the city’s Taxi & Limousine Commission, said Thursday at a TLC board meeting where drivers turned out in large numbers. “And so we did want to reduce the financial burden on our drivers.”
If approved, the rule change would eliminate $200 fines slapped on drivers whose licenses have been suspended for being more than 30 days late on required annual drug tests, as well as penalties ranging from $100 to $500 for not completing vehicle checkups. It would take effect this fall.
The commission’s proposal follows Mayor Zohran Mamdani’s executive order for city agencies to find ways to alleviate costs and bureaucratic hurdles that cause “undue hardships for small businesses.” It also takes a cue from an April survey of thousands of TLC-licensed drivers where nearly 27% of them flagged certain fines and penalties as a leading source of frustration.
“Our main demand is this: Stop seeing drivers as easy targets, stop treating us like cash registers or ATM machines for the city,” said Mohamed Mohamed, 63, a former yellow taxi driver who now drives for Uber and Lyft.
Business Capital for New Entrepreneurs: Funding Strategies and Credit Tips to Help You Grow
Starting a business takes more than a great idea—it takes resources. Whether you’re launching a service, opening a storefront, or building an online brand, access to capital can shape how quickly you can get started and how confidently you can grow. For new entrepreneurs, the path to funding often begins with a clear plan, strong local connections, and smart credit habits. There’s no single “right” way to fund a new venture. Many entrepreneurs combine multiple strategies over time:
Start with a solid business plan: Outline what you sell, who your customers are, how you will reach them, and how you will make money. Include cash flow projections—your expected income and expenses over time—so you can map revenue and anticipate slower months.
Explore local grants and programs: Local organizations can share grant opportunities, pitch competitions, and entrepreneur support resources through newsletters and digital platforms. These can be especially helpful for first-time founders who want to minimize debt early on.
Connect with your banker early: Meeting early can help you understand what lenders typically look for, what documentation you’ll need, and how to strengthen your business profile over time. A banker may also be able to alert you to products or programs that are designed to support new businesses.
Consider crowdfunding: Crowdfunding platforms can help you raise capital directly from your community. For some entrepreneurs, it’s also a way to validate demand, build visibility, and start creating a customer base before a full launch.
Seek angel investors or venture capital (when it fits): If your business is designed to scale quickly—such as a high-growth product or technology-based model—investors may be a strong match. This route typically requires preparation: a compelling pitch, a strong understanding of your numbers, and networking to find the right partners.
Business capital isn’t just about getting funding—it’s about building a foundation that supports smart decisions, steady cash flow, and long-term growth. With a strong plan, the right local connections, and responsible credit habits, new entrepreneurs can move from “starting up” to building something sustainable and successful.
Saturday, Aug. 15: Head to Hudson River Park for the annual Blues BBQ Festival, featuring music, hot sauces, smoked delicacies, a marketplace and games. Free, Pier 76, 1-9 p.m.
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