Opinions & observations: Our financial recovery must prioritize small businesses
It’s been a long five-and-a-half months since COVID-19 hit NYC. Every day, when I talk to friends and neighbors, I hear how hard it’s been. New Yorkers have suffered trauma, and we all want our city back.
During the recovery, our government must prioritize and focus on small businesses. Here’s why:
Small businesses are the mainstay of a healthy urban economy. They generate substantial economic benefits, employ our local residents, and are vital to our communities. They are also the most vulnerable businesses in times of crisis.
Our small businesses, especially restaurants, bars and nightlife venues, need help now from our elected officials. They need a moratorium on evictions for any business affected by COVID-19 that extends from this past March through several months past the eventual end of the pandemic. State Senators Zellnor Myrie and Julia Salazar, among others, have bills pending to protect residential and commercial tenants, S8667, and S8190 respectively.