NYC landlords credit tenants up to $ 1000 for local shopping to promote small businesses


New York City-based landlords and property owners joined Wednesday’s “Americas Newsroom” to explain why renters are paying up to $ 1000 for local shopping and dining this holiday season.

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“Over the past year, I’ve been thinking about what I can do to help make the city better, bring it back … And I think you can always talk about things and you can suggest ideas, you can criticize but I feel like I really need to do something Investment CEO Eron Pollock said.

When Pollock was walking with his son, he told him that when he wanted to buy football gloves, he couldn’t find a store to buy them.

“Like no other store. You can only buy it online,” Pollock said.

Upon receiving a “note” in a building from a struggling retail store in his neighborhood – New York City The economy Pollock said he was wondering how he could lend a hand – suffering severely during the coronavirus epidemic.

“I thought, let’s do something like a credit card, a cashback, and I came up with this idea.

Giving creditors up to $ 1000 is part of an effort to help promote New York City’s small businesses.

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Pollock said he could participate in any “lock and shop” no-sign-up-needed program within a mile of his building:

“Our tenants give us a receipt. We calculate the cashback that the tenants must get from the rent and our tenants get the cashback from their February rent.”

Pollock’s comments came later Number Americans are applying Unemployment Benefits Last week saw a drop of less than half a century, the latest sign that the labor market is bouncing off the coronavirus epidemic.

While small businesses nationwide are saddened by recruitment struggles, supply chain issues and inflation concerns, they are hoping that Pollock’s campaign plan should be implemented by landlords everywhere.

“I really hope more landlords will join me and we can strengthen the retail industry,” he concluded.

LOVEBYLIFE Business’s Megan Henny contributed to this report.

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