Resolution calling on the New York State Legislature to pass, and the Governor to sign, legislation providing a tax credit to businesses negatively affected by infrastructure construction

Summary

This resolution urges the New York State Legislature and Governor to enact legislation offering a tax credit to businesses adversely impacted by infrastructure construction. It highlights that while infrastructure improvements are necessary, they can cause temporary disruptions like road closures and reduced foot traffic, negatively affecting business revenue. The resolution cites examples from Minnesota, Florida, and New Jersey where similar impacts have been studied or addressed through assistance programs, and references local efforts like the East Harlem Alliance's campaign during Second Avenue subway construction. The core argument is that small businesses, considered the backbone of the city's economy, should not bear the financial burden of essential infrastructure work.

Citizen Impact

This resolution, if enacted by the state, could lead to financial relief for local businesses struggling with revenue loss due to city infrastructure projects, potentially helping them remain open and preserve neighborhood services.

Confidence

high