NYC Small Business Survival Act
by kace
Posted on July 6, 2009
On Monday, June 29th 2009, the KAVC interns and Mr. Chejin Park went to the City Hall to attend a public hearing on Councilman Robert Jackson’s Small Business Survival Act (Intro 0847-2008), and gave a testimonial in support of the bill.
The Small Business Survival Act, proposed by councilman Robert Jackson, is a bill designed to give small businesses an option whether to renew a lease or not, and allow them to use mediation and arbitration so that they can bargain in bona fide. There are currently 29 cosponsors supporting the act.
The members of mayor Bloomberg’s administration gave testimonial opposing the bill, saying that the issues faced by the small businesses can be resolved by more efficient means.
An intern testified in representation of the KAVC, saying that the Small Business Survival Act will guarantee the small businesses opportunity to negotiate in good faith with their landlords, and correct the market distortion; landlords will have nothing to lose.
David Yassky, the chairman of the Small Business Committee, said that the bill will be passed in his committee.