New York City Looks to Small Businesses for Jobs
After decades of counting on big business and local government to create jobs, New York City must now look mainly to small companies to rebuild its decimated jobs base and thus must make it easier for them to operate, political leaders, economists and urban planners say. This represents a new attitude toward small businesses, which for years have lacked the clout to pressure City Hall for the tax concessions and financial incentives granted to large corporations, like CBS, Chase Manhattan, Morgan Stanley and Prudential Securities, that threatened to leave the city.