Sen. Julia Salazar and Mayor Zohran Mamdani visit Sweets & Things after the signing of an executive order to aid small businesses avoid fines and fees.
Courtesy of Julia Salazar
Sen. Julia Salazar and Assembly Member Emily Gallagher introduced a bill called the “Small Business Survival Act” in an attempt to prohibit unaffordable rent hikes and guarantee lease renewal for small businesses across New York.
In Queens alone, several districts saw an increase in storefront rent prices as large as 20-33% from 2019-2021, some the new bill will address by creating the Commercial Rent Guidelines Board to set maximum annual rent increases.
The new bill, which states will implement a “rent stabilization control system,” shares the same name as another bill by Salazar in 2019. The former had key differences, focusing on a program for mediation and arbitration…
