The article highlights the challenges small businesses face in New York City due to rising operational costs, which hinder their ability to grow and create jobs. It emphasizes the importance of policy initiatives like the Relocation and Employment Assistance Program (REAP), which encourages businesses to relocate to outer boroughs, generating job growth and enhancing community vitality. Additionally, it supports Governor Hochul's proposal to extend REAP for five years to strengthen the city's economy and help communities adapt to financial pressures.
RACE would incentivize large-scale relocations to underused office spaces, supporting the citywide economy and working alongside REAP to enhance businesses and neighborhoods.
With rising costs, small business owners struggle to stay afloat in NYC, hindering growth and job creation, indicating the need for smart policy initiatives.
The Relocation and Employment Assistance Program (REAP) successfully encourages businesses to move to outer boroughs, leading to job creation and bolstering community vitality.
Gov. Hochul's proposal extends REAP for five years, providing communities with support against financial pressures and contributing to their resilience.
Collection
[
|
...
]