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New York Forward Small Business Lease Assistance Partnership
As a result of the economic impacts of COVID-19, many previously successful small businesses are struggling to pay their rent. At the same time, landlords are experiencing reduced rental income and increases in commercial vacancies, as their business tenants permanently close due to inability to pay. The New York Forward Small Business Lease Assistance Partnership is a public-private partnership between Empire State Development, the nonprofit Start Small Think Big, and the New York Bar Association to help avoid business evictions. The initiative provides both small businesses and commercial landlords with pro bono legal services, and the information needed to reach a mutually agreeable lease renegotiation.
As a result of the economic impacts of COVID-19, many previously successful small businesses are struggling to pay their rent. At the same time, landlords are experiencing reduced rental income and increases in commercial vacancies, as their business tenants permanently close due to inability to pay. The New York Forward Small Business Lease Assistance Partnership is a public-private partnership between Empire State Development, the nonprofit Start Small Think Big, and the New York Bar Association to help avoid business evictions. The initiative provides both small businesses and commercial landlords with pro bono legal services, and the information needed to reach a mutually agreeable lease renegotiation.
