Around Brooklyn: Kavanagh, Lander support small business legislation
Kavanagh, Lander support small business legislation
State Sen. Brian Kavanagh (D-Northern Brooklyn-Lower Manhattan) and City Councilmember Brad Lander (D-Park Slope-Windsor Terrace-Gowanus-Kensington) recently joined other lawmakers and small business owners in Manhattan’s Chinatown to rally in support of the Small Business Recovery Lease Act. The bill seeks to help relieve small businesses from crushing rent bills by providing a property tax incentive to landlords who enter into “recovery leases” that address past-due rent and cap future rent increases. The New York Hospitality Alliance found in a survey that 83 percent of all restaurants were unable to pay their full rent in July, and the Brooklyn Chamber of Commerce reported that more than half of the businesses surveyed are worried about staying open. “The public health crisis has become a full-blown economic crisis as well,” said Kavanagh.
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