Commercial rent in Manhattan has skyrocketed in recent years, driving many restaurants and stores out of business or forcing them to relocate — new tax legislation could change that. This July, a legislation effort is finally coming to the rescue to aid small-business owners in an effort to lower their costs. Tom Corrie states, “I think that this is a definite benefit for a sweet spot of people that have smaller and midsize businesses… [Those businesses] provide a lot of employment.” Read more about how your small or midsize business can benefit from possible changes to come here.
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