take back nyc

gentrification, Policy

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It seems that every day we’re hearing of small businesses being forced to move or shut down altogether due to rising rents in just about every corner of the city. Even icons like St. Mark’s Bookshop and Other Music have packed it in after years at their well-loved locations. And new businesses have an even tougher road ahead, trying to gain a foothold in changing neighborhoods where landlords hope change brings high-paying tenants.

There are a number of grassroots efforts in the works to help businesses gain and maintain a foothold when faced with skyrocketing rents and challenging regulatory hurdles–and more help may be on the way. DNAInfo reports that Mayor Bill de Blasio is expected to sign legislation Tuesday that prevents harassment of commercial tenants by greedy landlords. Advocates hope the new law will make it less difficult for small businesses to thrive and grow.

Find out how the new law protects small business tenants