Solution for Second Avenue Subway Construction: Support Small Business Along the Second Avenue Subway Construction by Providing Grants to Help Keep Stores Open

0
Your rating: None
Issue: 
Second Avenue Subway Construction
Solution: 
Support Small Business Along the Second Avenue Subway Construction by Providing Grants to Help Keep Stores Open
Explanation: 

The East Side of Manhattan is currently undergoing one of the most significant construction projects in decades -- the creation of the long-awaited Second Avenue subway. The construction has begun and will eventually run through parts of eight Assembly Districts. While the Second Avenue Subway will eventually bring much needed transportation improvements to the East Side, it.,is currently having a substantially negative effect on local businesses. Some establishments in the heart of the initial construction area have lost 20 or 30 percent of business, and others have closed permanently. This bill would create a Second Avenue Subway construction economic development grant program for the purpose of providing financial and technical assistance to small and micro businesses located within the area where construction is taking place. Assistance would be provided for projects such capital improvements, marketing and advertising, as well as emergency funds for endangered businesses. Thus, any grants from this program would be funneled right back into the New York City economy.

Source: 
Assembly Member Jonathan L. Bing

Post new comment

The content of this field is kept private and will not be shown publicly.
CAPTCHA
This question is for testing whether you are a human visitor and to prevent automated spam submissions.
Image CAPTCHA
Enter the characters shown in the image.