Can a Council Bill Help Small Businesses Survive?

Yovelsi Ortuno, of the Venezuelan restaurant Patacón Pisao on the Lower East Side. (Photo via El Diario)

As thousands of small businesses in New York City are hit by indiscriminate rises in commercial rent prices, a group of Council members are promoting the “Small Business Jobs Survival Act,” reports Edwin Martínez in El Diario/La Prensa.

“Our intention is to establish fair and due processes in the negotiation of rental agreements in order to end the crisis that is causing small business, many of them immigrant-owned, to close their doors,” said Council member Ydanis Rodríguez. (…)

“The law aims for rental agreements to last at least 10 years – that there are no month-to-month contracts, the price is negotiable to form arbitration committees when business owners feel that their rent is too high, and the entrepreneur is notified 180 days in advance if a landlord wants to take back their property.”

“It is good to see they are doing this because this way, the survival of small businesses is guaranteed, particularly now when large chains want to take more ground,” said Venezuelan-born Yovelsi Ortuno, of the Patacón Pisao restaurant on the Lower East Side.

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