In January, Town & Village published an editorial in support of the Small Business Jobs Survival Act (SBJSA). This was a week after publishing an article reporting on the status of two pieces of pending legislation aimed at helping mom-and-pop shops remain in their spaces, one of which was the SBJSA. Later, this newspaper published an op-ed by Sung Soo Kim that also supported the SBJSA.
The following op-ed is in response to that point of view.
By James R. O’Neill
Town & Village published an op-ed on January 18 regarding the most recent version of “Small Business Jobs Survival Act” (‘Unconstitutional’ claims about SBJSA are real estate propaganda,” by Sung Soo Kim, president, Small Business Congress).
As a commercial real estate agent who lives in the neighborhood, it would be remiss of me not to offer my perspective on a bill that claims to save the mom-and-pop shops but would, in fact, ultimately harm the stores it is trying to protect.
New York City is a city defined by change. Its vitality and ability to thrive have always been a direct result of that change, and it is what will ensure that New York continues to stay ahead of the curve. The misleadingly titled “Small Business Jobs Survival Act” (SBJSA), introduced in June, 2014, would greatly hinder the evolution that has allowed our city to prosper while creating a series of issues for not just the landlords, but also new businesses.
There are several issues with this bill that jump out immediately – in addition to its questionable legality. Speaking very broadly, although this bill’s stated intent is to help small businesses, it seeks to accomplish this by employing methods that are unfair, financially unsound and wholly unnecessary.