Business

‘Something has got to give’: Small business owners call for action amid rising costs, fewer customers

STATEN ISLAND, N.Y. — In an effort to assist minority enterprise homeowners who’re nonetheless reeling from pandemic losses and now working throughout a difficult economic system, the Staten Island Chamber of Commerce lately introduced New York Metropolis’s Native Initiatives Help Company (LISC) to the desk, inviting the financially inclusive non-profit to listen to the issues of a number of native entrepreneurs.

“Small enterprise homeowners are in limbo,” Edward Gomez, a North Shore restaurateur, advised the panel, detailing the struggles he has confronted in working his restaurant, Da Noi. “That is my life’s work, a labor of affection, one thing I’ve been doing for 23 years. I used to make use of over 100 individuals and function eight eating places. Now I’ve three institutions and really feel like we’re struggling to get by. One thing has acquired to offer.”

Staten Island small business owners gather to address economic stress, voice public safety concerns

“Small enterprise homeowners are in limbo,” Edward Gomez, proprietor of DaNoi restaurant, advised the panel. (Picture courtesy of Marino PR)

Going through larger prices, provide chain points, and fewer gross sales with clients spending much less as a consequence of inflation, Gomez was not alone in his issues.

“The value of every little thing is completely astronomical,” added Deya Felici, proprietor of Vinum, The Richmond, Don Cheech and The Belvedere Membership. “Meals prices have doubled and, in some situations, tripled, and the value of different issues we use every day, like gloves and paper towels, are by way of the roof. We have now to maintain our costs low, in any other case we don’t get clients, however it’s unimaginable to only eat these prices. The SBA [Small Business Administration] loans had been nice, however now it’s time to start out paying them again. We will’t defer it any longer.”

Bobby Digi, co-owner of O’Henry’s Publick Home on Minthorne Avenue, stated he agrees.

“It generates a whole lot of frustration to have this dialog,” he stated. “We’ve utilized for the entire applications – each grant and mortgage below the solar — and we didn’t get one. We’re not even positive if we shall be open in December, that’s how actual the scenario is. And the companies who’re speculated to be serving to are utterly disconnected from who they’re attempting to service.”

Staten Island small business owners gather to address economic stress, voice public safety concerns

Bobby Digi, co-owner of O’Henry’s Publick Home, Michelle Chen, proprietor of Lil M Bubble Tea, and Vickiana Cappellan, proprietor of Kiara’s Magnificence Salon, talk about the problems they’ve confronted because the onset of the coronavirus pandemic. (Picture courtesy of Marino PR)

The entrepreneurial discussion board was hosted by LISC NY and served because the third cease of the group’s “Minority-Owned Small Enterprise Listening Tour,” a program that’s geared toward serving to elevate the challenges that minority enterprise homeowners throughout the 5 boroughs are presently going through. Collectively, a gaggle of about 10 Staten Island enterprise homeowners pleaded for added help from financial growth officers and state and metropolis lawmakers.

“We tried to use for PPP however we had been denied, as a result of we had been too small,” stated Michelle Chen, proprietor of Lil M Bubble Tea Home in Castleton Corners, relaying her story of failure with the Small Enterprise Administration’s Paycheck Safety Program. “I had to make use of my life financial savings as an alternative. Getting capital for a enterprise is difficult; there are such a lot of small companies that need assistance.”

Different Black and brown enterprise homeowners known as for rapid and focused motion to stabilize and help the Staten Island enterprise group in the course of the occasion, describing points with worker retention, lease will increase, public security and extra.

Staten Island small business owners gather to address economic stress, voice public safety concerns

Throughout the “Minority-Owned Small Enterprise Listening Tour,” hosted by the Staten Island Chamber of Commerce and LISC NY on Tuesday, a gaggle of about 10 Staten Island enterprise homeowners pleaded for added help from financial growth officers and state and metropolis lawmakers. (Picture courtesy of Marino PR)

“Our strip of Bay Avenue has at all times been stricken by crime, however after the pandemic it appears to have spiraled uncontrolled,” famous Vickiana Cappellan, proprietor of Kiara’s Magnificence Salon, citing current break-ins and drug exercise proper in entrance of her store. “The block has develop into so harmful, I’ve contemplated breaking my lease and leaving. We’re coping with a lot as enterprise homeowners proper now, however this is perhaps the worst half.”

Linda Baran, president of the Staten Island Chamber of Commerce, supplied recommendation for such difficulties, whereas Valerie White, senior government director of LISC NY, requested the enterprise homeowners a sequence of questions to raised measure the present temperature of the Staten Island enterprise local weather.

“We determined to embark on this tour throughout town, as a result of we need to hear concerning the challenges and successes you’re encountering,” White stated. “We all know it’s robust, and we need to be sure you’re on a platform of financial equality.”

Baran added: “We’ve partnered with LISC NY on quite a few initiatives to help small companies all through the years, and we all know firsthand their dedication to serving to minority-owned companies survive and thrive. We’re glad to collaborate with them as soon as once more on this Listening Tour, permitting the voices of Staten Island’s minority-owned enterprise group to be heard and to have their issues addressed.”

LISC NY will convene comparable occasions in Queens and Manhattan, working with financial growth officers, elected leaders, and native companies to make sure that the voices of New York’s minority enterprise group are heard, and their companies stay central to the struggle for financial restoration.

“Our small enterprise homeowners have skilled large pressure because of the COVID-19 pandemic and ensuing authorities mandates, and we should work on the metropolis and state ranges to make sure that sustainable options can be found to them,” Sen. Andrew J. Lanza (R-Staten Island) supplied in an announcement. “Thanks to LISC NY and the Staten Island Chamber of Commerce for bringing collectively these highly effective members of our group and giving them a platform to share their experiences with their elected officers. I’ll proceed to help these small enterprise homeowners and amplify their voices, to allow them to proceed to offer items and companies, and illustration in our communities.”

Stated Councilwoman Kamillah M. Hanks (D-North Shore): “There may be an unimaginable quantity of minority and women-owned small companies and entrepreneurs on Staten Island, and it’s essential that they’ve the help, information, and assets to succeed, particularly as so many nonetheless grapple with the impacts of the pandemic. Listening excursions and collaboration with the S.I. Chamber are nice methods to know the wants and of our small enterprise homeowners.”


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