Let's Help Our Small Businesses and Their Workers So They're Ready When the Time is Right
A Column by Assemblyman Ed Ra (R-Franklin Square)
The efforts of our essential workers during the last several weeks have been nothing short of heroic. Grocery clerks and pharmacy employees, law enforcement officials and first responders, and especially our doctors, nurses and healthcare workers have delivered for us when weve needed them most. We cant possibly thank them enough.
In the coming weeks and months, more and more New Yorkers will join them in the workforce as we plan to ease emergency restrictions and move to re-start our economy. We need to help our small businesses now so they can hit the ground running when we re-open our region again.
Late last month, Majority and Minority politicians in Washington put aside partisan issues and political differences to pass a sprawling stimulus plan to begin to stabilize an economy in crisis. In the coming days, both houses of Congress are expected to authorize an additional $450 billion package to help small business owners keep their employees on their payrolls. Its the sort of bipartisan cooperation citizens should expect, particularly in the face of an unprecedented public health crisis.
Our Assembly Minority Conference is hopeful that our colleagues on the other side of the aisle will join our effort to deliver a similarly cooperative state-level investment. Our Jump-Start New York initiative would provide small businesses with zero-interest loans, access to emergency capital and relief from crippling regulations and costly fees.
Whenever you unveil a policy proposal, the first question youre likely to field is how will you pay for it? Its even more prescient at a time when our economic standstill has slashed state revenues.
The answer is simple. Its about priorities. Were repurposing existing tax credits, budgetary allocations and state settlement funds. We think its more important to invest in restaurants, small manufacturers and farms than provide corporate welfare for Hollywood film studios. Instead of allowing the Regional Economic Development Councils to lavish politically connected firms with state contracts, wed rather repurpose them into small business recovery hubs. And instead of allowing any of our states unclaimed settlement funds to be wasted on political campaigns or television ads for the governors economic development programs, wed rather provide capital to small-business owners who want to stay afloat and keep their neighbors on the payroll.
We know well continue to have political disagreements with Majority in the Senate and Assembly. That doesnt mean we cant come together during a moment of crisis to protect middle-class New Yorkers from a catastrophe they didnt create and from economic suffering they dont deserve.