11:21
Traffic jam:   4
$
94.0922
100.5316

The New York City Council has passed a bill to increase street vending licenses issued by the Health Department

12 February 2021
3224
2 min.
6
The New York City Council has passed a bill to increase street vending licenses issued by the Health Department

Merchants will be given a run for their money

By 34 votes in favour to 13 against, the City Council passed Intro.1116-B, a bill proposed by Democrat Margaret Chin of Manhattan back in 2018 that would increase the street vending licenses issued by the Health Department from 2,900 to 6,900.

This will happen in July 2022, and while most licences will need to be renewed every 2 years, another 400 will last for 10 years, with 300 of them to be granted to residents of the "outer boros" and the rest to be eligible for all city residents. In addition, some permits will be allocated to ex-servicemen and people with disabilities.

If now the cost of the license including the fee is 250 dollars, then after the adoption of the law it will be doubled, and the payment will have to be made annually, and not only at the time of renewal. However, small businesses are unlikely to object, as Chin pointed out that her bill aims not only to provide additional economic opportunities, but also to eliminate the black market in licences whose owners illegally allow others to use them.

In such cases, the fees are sometimes as high as $25,000 over a 2-year period. After all, the number of licenses, which has not changed in decades, is much smaller than the number of people who want to engage in street trade. And demand, as you know, creates supply.

According to Mohamed Attia, director of the Street Vendor Project run by the non-profit Urban Justice Center, the urgency of the decision is greater than ever because many city dwellers have faced layoffs and lost their sources of income because of the epidemic. For them, selling food or any goods on the street could be a way out, and eliminating the black market would make it less likely that such people would have to work in order to pay the official licensee in the first place.

The bill has received support from Mayor Bill de Blasio, although objections have been raised by the retail and restaurant industries, which have also been hit by the crisis and have no interest in increasing the number of competitors. Perhaps some restrictions, such as that trolleys cannot be placed closer than 20 feet from the entrance to cafés or shops, will alleviate some of their concerns.

Persons3 and Companies3 in the news

Member of the New York City Council
1 place
Director of Street Vender Project
2 place
Mayor of New York City
3 place
Section:

Discussion

Rating companies
Tesla
14 Mention
Instagram
14 Mention
Walt Disney Company
12 Mention
Netflix
11 Mention
JP Morgan Chase
10 Mention
Amazon
10 Mention
Ford Motor Company
10 Mention

NEW YORK NEWS

News from GlobalNY.biz is the freshest and most relevant information about high-profile events in the region. The task of the resource's news feed is to convey to readers with maximum accuracy and objectivity information about important events in business, politics, economy, healthcare, culture and other spheres of life in New York.
GlobalNY.biz news is a coverage of economic processes taking place in New York, the latest news of public life, incidents and an overview of political events. New York news is information about the activities of small and medium-sized businesses, the work of housing and communal services and utilities, the implementation of significant projects.
The site's journalists describe not only the life of the region, but also talk about the current state of the US economy. Everything you need to know about innovations in the field of industry and agriculture, economy and power is collected in the "News" section at GlobalNY.biz.
New York news quickly informs the reader, shows the real picture and opens up hot topics. Communication with government structures and business enables us to provide our readers with reliable, information-rich material. The main page of the portal contains the key news of New York!
Alena Potapova

Development Director
Population
8117830843
Died this year
17813433
Born this year
43824198