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Should San Jose Limit Rent Hikes for Struggling Small Businesses?

October 18, 2017

by Jennifer Wadsworth : sanjoseinside – excerpt

A local community leader wants San Jose to explore ways to sustain small businesses, which, like the people who staff them, face soaring rents in Silicon Valley.

In a letter to city officials, Julie Borinas Driscoll said that in addition to seeking federal aid through the Small Business Administration, San Jose should figure out other ways to limit rent increases for mom-and-pop shops.

“Otherwise,” she wrote, “there will be no small businesses, backbone to our nation’s economy around. Small business is important in America.”

While some municipalities—most recently New York City—have flirted with the idea of commercial rent control to stave off gentrification, it has no known precedent in the U.S. In California, the proposal would require a change in state law… (more)

 

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