We are small business!

14 Jun 2017
uSBNYC

Everyone says they support small businesses! Politicians love to put together small business panels and issue reports. But when it really comes down to it, most small businesses in NYC have one big problem — the real estate industry. High rents keep all but the very few street vendors from opening brick-and-mortars in the first place. And even for long-time shopkeepers, landlords love to double or triple the rent, forcing them out.  Many real estate companies would rather sit on vacant spaces, taking a tax write off, than rent out those spaces to deserving mom and pops.

Finally, a coalition of small businesses has formed called United for Small Business NYC (USBnyc). Today at City Hall the coalition announced its four-point platform, which includes a tax on landlords that warehouse spaces for more than six months. Like the bodega owner, restaurateur, or shoe shine man (or woman) we share a common struggle for space in this high-priced city. Our members were proud to attend and lend their voices to this important cause, and we will keep working with groups like ANHD, NWBCC, and WHEDco to advance this agenda. Read the Crains coverage here.

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