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File #: Res 0328-2026    Version: * Name: Providing a tax credit to businesses negatively affected by infrastructure construction.
Type: Resolution Status: Committee
Committee: Committee on Small Business
On agenda: 2/24/2026
Enactment date: Law number:
Title: Resolution calling on the New York State Legislature to pass, and the Governor to sign, legislation providing a tax credit to businesses negatively affected by infrastructure construction
Sponsors: Yusef Salaam
Council Member Sponsors: 1
Attachments: 1. Res. No., 2. February 24, 2026 - Stated Meeting Agenda

Res. No.

 

Resolution calling on the New York State Legislature to pass, and the Governor to sign, legislation providing a tax credit to businesses negatively affected by infrastructure construction

 

By Council Member Salaam

 

Whereas, As the infrastructure of New York City ages and the needs of the City transform, construction is necessary for upkeep and improvement of the City; and

Whereas, Despite the necessity of construction, the temporary impacts it can have on local businesses can be negative, especially if the construction closes roads or otherwise obstructs physical access to the business; and

Whereas, The effects of roadway construction on small businesses in Minnesota was recently analyzed by the Minnesota Department of Transportation (MnDOT); and

Whereas, MnDOT found that during construction, businesses can be negatively impacted by road projects, and longer and larger construction periods seemed to drive negative impacts on smaller businesses; and

Whereas, A University of South Florida analysis of roadway rehabilitation effects on small businesses in the Florida region also found negative impacts from roadway construction on small businesses, but reported that long-term benefits were expected post-construction; and

Whereas, Despite the long-term benefits expected by infrastructure improvements and construction, temporary reductions in foot traffic and traffic disruptions can potentially affect revenue; and

Whereas, In light of the potential economic damage caused by infrastructure work, many regions seek to uplift and support small businesses affected by construction; and

Whereas, During the reconstruction of Route 80, the New Jersey Economic Development Authority introduced the Route 80 Business Assistance Grant Program intended for small businesses and non-profits that suffered a revenue loss due to the Route 80 renovations; and

Whereas, In Florida, the Business Disruption Assistance Act was introduced to provide grants to small businesses affected by long-term construction projects; and

Whereas, In New York City, the East Harlem Alliance created a campaign to uplift and support businesses on Second Avenue during the Second Avenue subway construction; and

Whereas, Infrastructure improvements are a necessary and expected activity in New York City, but small businesses should not have to bear a financial burden because of construction; and

Whereas, Small businesses are the backbone of New York City’s economy and deserve financial assistance if infrastructure construction affects their revenue; now, therefore, be it

Resolved, That the Council of the City of New York calls on the New York State Legislature to pass, and the Governor to sign, legislation providing a tax credit to businesses negatively affected by infrastructure construction.

 

 

LS #20606

12/16/2025

RLB