Congratulations to Mayor-Elect Mamdani

We extend our sincere congratulations to Mayor-Elect Zohran Mamdani on his successful campaign and commend his inspiring commitment to advancing affordability for all New York City residents.

His post-election lunch at Laliguras Bistro, one of our client restaurants in Jackson Heights, underscores an important reality: average New Yorkers depend daily on small businesses, corner bodegas, and street vendors for our bagel and cream cheese, lunch samosas and burritos, and takeout rice bowl dinners. It’s small local businesses that form the backbone of our city’s economy and community fabric and Accompany Capital, one of several Community Development Financial Institutions (CDFIs) that support small businesses with loans, plays a vital role in sustaining these enterprises through financing, technical assistance, and crisis intervention support.

As the CDFI that responded to the New York Taxi Works Alliance’s request to refinance taxi cab owners crushed by the medallion crisis – after Mamdani, as Assembly Member for the 36th District in Astoria, stood with them in their fight for debt relief – we know he will represent all New Yorkers.

Now, as Mayor-Elect Mamdani and his transition team develop their policy agenda, we respectfully encourage the inclusion of CDFIs as strategic partners in strengthening New York City’s small business ecosystem. Through collaboration, we can position our city as a national leader in small business development—fostering job creation, economic growth, and a robust tax base that benefits all New Yorkers.

We appreciate our ongoing partnership with the NYC Department of Small Business Services, which has been instrumental in supporting the CDFI sector. We are optimistic that the incoming administration will expand resources to SBS, enabling CDFIs to more effectively fulfill our mission of supporting the small businesses that make New York City thrive.