New York residents often turn to small businesses for their shopping needs, whether it be for a special occasion outfit from a local boutique or everyday food items from nearby grocers. These small businesses face numerous challenges that threaten their survival and require support to continue operating.
In an interview with Spectrum News 1, Ashley Ranslow, the New York state director of the National Federation of Independent Business, discussed the struggles faced by independent retailers. She emphasized the need for businesses to focus on recruiting and retaining staff, especially during a time when many are experiencing employee shortages.
Ranslow also highlighted the increasing costs of salaries and benefits, as well as the impact of federal interest rates. Additionally, she shared the National Federation of Independent Business’s priorities for the upcoming legislative session in New York, hoping to address the issues faced by small businesses in the state.
As July marks National Independent Retailer Month, it serves as a reminder of the importance of supporting local businesses and celebrating the unique contributions they make to our communities. By recognizing the challenges faced by small businesses and offering them the necessary support, we can help them thrive and continue to serve the needs of New Yorkers.