Small businesses are the lifeblood of the New York economy and its communities. They cultivate economic resilience by creating jobs, applying upward pressure on wages, fostering a healthy tax base, and circulating the wealth they create locally. But rampant market power is endangering the economic dynamism that New York small businesses generate.
State lawmakers have the opportunity to build a more level playing field for small businesses by passing the 21st Century Antitrust Act. This groundbreaking legislation will create clear, bright line standards to hold monopolists accountable for the harms they inflict on small shops and entrepreneurs.
Our latest report, published with New Yorkers for a Fair Economy,* illustrates why this legislation will strengthen the economic vitality of communities across the state and act as a precedent for other states to follow.
*New Yorkers for a Fair Economy (NYFE) is a coalition of labor organizations, small businesses, and immigrant and community organizations uniting to safeguard our communities from abusive practices of big corporations and achieve an economy that works for all New Yorkers.
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