New Legislation to Support Second Avenue’s Small Businesses

June 12, 2008

Shop 2nd Avenue
I’m a big supporter of the Shop 2nd Avenue campaign and its mission. Visit their website to find out more.

On May 5, I introduced A.10924 a bill to ease the burden of subway construction on Second Avenue’s hard-working small business owners. My bill is designed to help small businesses by offering property tax relief to landlords who agree to sign or re-negotiate reduced-cost leases for their small business commercial tenants. Senator José Serrano is sponsoring this bill in the State Senate.

I’m also proud to co-sponsor legislation (A.10594/S.8154) introduced by my colleagues, Assembly Member Jonathan Bing and Senator José Serrano, which would create an economic development grant program to provide financial and technical assistance to small businesses in the affected area.

The Second Avenue Subway will bring tremendous benefits to the East Side (and to the whole metropolitan area) in the long run. But during the lengthy construction period - which will last well over two and a half decades - residents, business, and property owners within the affected area will suffer. Already, small business owners along Second Avenue between 91st and 96th Streets have seen dramatic losses in business since construction began, as they face torn-up sidewalks, impeded pedestrian access, lost signage, revoked sidewalk café licenses, and interruptions in utility service.

These business owners have worked hard to overcome such challenges, and I’m proud to support their Shop Second Avenue campaign, which highlights all the many wonderful stores and restaurants Second Avenue has to offer. But I also believe that, since these New Yorkers are making a sacrifice for the betterment of the East Side and the entire region, it is important that New York State lend a helping hand.

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Comments

One Response to “New Legislation to Support Second Avenue’s Small Businesses”

  1. Micah on June 25th, 2008 1:07 pm

    I’ll post about this more soon, but wanted to let people know that the bill has passed the Assembly.

    –Micah

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