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Civic Ventures

While on the campaign trail, President-elect Donald Trump made it clear what he plans to do to regulations.

"I would say 70% of regulations can go," he was quoted as saying at a town hall meeting. According to his website, his vision for regulations is to ask all department heads to submit a list of "every wasteful and unnecessary regulation which kills jobs" — and then to eliminate them.

The site indicates an exception for regulations regarding "public safety." But the tricky thing is, the public, businesses, and the government don't always agree which regulations are necessary for public safety.

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Courtesy of Chef El-Amin
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When non-essential businesses in NYC were ordered to close in March, restaurants across the five boroughs were tasked to pivot fast or risk shuttering their doors for good.

The impact on the city's once vibrant restaurant scene was immediate and devastating. A national survey found that 250,000 people were laid off within 22 days and almost $2 billion in revenue was lost. And soon, numerous restaurant closures became permanent as the pandemic raged on and businesses were unable to keep up with rent and utility payments.

Hot Bread Kitchen, a New York City-based nonprofit and incubator that has assisted more than 275 local businesses in the food industry, knew they needed to support their affiliated restaurants in a new light to navigate the financial complexities of shifting business models and applying for loans.

According to Hot Bread Kitchen's CEO Shaolee Sen, shortly after the shutdown began, a third of restaurant workers that they support had been laid off and another third were furloughed.

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