Simple economics

31 Oct 2015
mex-blvd12

Politicians always love to talk about supporting small businesses. But when it comes down to policy, sometimes they are slow to act. And that failure can affect people’s lives.

We saw this again this week when another popular food vendor – Mexico Blvd — announced they are closing their truck for good. The difficulty getting a permit, and the hassles with parking, finally got to be too much. Luckily, the Loaeza family has a brick-and-mortar, so hopefully they will be ok. But how many vending businesses quietly go under, and they don’t make the news? How many entrepreneurs look into starting a food vending business and, reading how difficult it is, never even start?

As things get cold in New York, and summer permits expire, let’s hope that many food vendors are able to survive this winter. Let’s hope that, by the time spring comes, our City Council and Mayor will have repealed the permit cap that is such a burden on small business in NYC. Jobs and livelihoods are at stake. The solution is simple. Let’s hope our politicians act.

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