Small Business Fair & Gothamist: “Will NY City Council Finally Take Action To Save Small Businesses From Extinction?”

DATE AND TIME

Tue, October 23, 2018

9:00 AM – 12:00 PM EDT

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LOCATION

Downtown Art

70 East 4th Street

New York, NY 10003

DESCRIPTION

Don’t miss the opportunity to receive free business counseling from professionals in accounting, financing, legal, marketing and much more.

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To RSVP Please Register or Call 212-964-6022


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Coordinated by/Coordinado Por:

Renaissance Economic Development Corporation

East Village Community Coalition

Cooper Square Committee

East Village Independent Merchants Association

Sponsored by/Patrocinadores:

NYC Council Member Carlina Rivera

State Assembly Member Harvey Epstein

NYC Senator Brad Hoylman

NYS Senator Brian Kavanagh

Manhattan Community Board 3

Honorary Co-Host/Co-Anfitrión:

Congresswoman Nydia Velazquez

Gothamist:

Will NY City Council Finally Take Action To Save Small Businesses From Extinction?

““Every single day we wait, we’re losing businesses. We’re losing 1,100 to 1,200 mom-and-pop businesses a month,” says Barrison. Since he got involved with the Small Business Congress in the early 1990s, he says, the group’s membership has fallen from 365,000 to 120,000.”

“The city corporation counsel said in 1988 that there was no state law prohibiting local commercial rent-protection legislation as long as landlords retained reasonable rights. In a 2009 memo opposing the bill, the Council’s general counsel wrote that that the state Court of Appeals had made it clear that “appropriately crafted legislation based upon adequate finding and addressing a major problem in the City would withstand scrutiny.”

The city’s 1945-63 commercial rent-control law was a wartime-emergency measure authorized by the state. It limited rent increases to 15 percent at first, with provisions for arbitration when the lease was renewed again. The Court of Appeals upheld it several times, holding that it did not unconstitutionally interfere with property rights and that it guaranteed landlords a fair return on their investment. However, the state legislature gradually weakened it, decontrolling vacant storefronts in 1950, and letting the law expire in 1963.

“We the city have the legal right to do it,” contends Councilmember Rodriguez.

Former Manhattan Borough President Ruth Messinger, who first introduced the bill as a Councilmember in 1986, says she doesn’t remember legal issues “as being central” to the debate.”

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