We're getting a little help from above, as the press release below shows:
MAYOR BLOOMBERG ANNOUNCES NEW INITIATIVES TO HELP NEW YORK CITY NONPROFITS COPE WITH CASH CRUNCH AS A RESULT OF THE ECONOMIC DOWNTURN
Steps Will Reduce Organizations’ Fixed Costs, Improve City’s Contract Procedures and Build New Partnerships to Help Strengthen Nonprofits
Assistance Will Support More than 40,000 Nonprofit Organizations and their 490,000 Employees
Mayor Michael R. Bloomberg today outlined new initiatives to help New York City’s more than 40,000 cultural, health and social service nonprofit organizations survive the economic downturn. A growing number of nonprofit organizations in New York City – which collectively employ more than 490,000 New Yorkers or 15 percent of the City’s non-government workforce – are experiencing an increase in demand for services while facing major cash flow problems and steep declines in operating support. To address these challenges, the City seeks to reduce nonprofit organizations’ fixed costs, expand loan programs, enhance the responsiveness and efficiency of City contracting procedures to speed payments, and build new partnerships to help foster stronger nonprofits.