Post COVID-19 business environment in Manhattan for immigrants
Immigrants in Manhattan
New York, Manhattan has seen unprecedented economic growth in the last four decades. New businesses have been set up, of which some have even grown to be multi-million dollar companies. Still, the majority of these businesses have been small, neighborhood-centric. Such businesses help not to get huge returns but in time change the scenario of a particular part of the city.
The major players in such businesses have been immigrants settling in Manhattan for years. Even in the pandemic, this huge population of immigrant workers provides half of the front line COVID workers.
Effects of Pandemic
According to some reports, 75 percent of the immigrants have lost jobs because of the pandemic. For instance, 90 percent of immigrants served by the Harlem-based African Services Committee have lost their primary source of income, while 95 percent of the day laborers and fully 100 percent of the domestic workers and nail salon workers supported by Staten Island-based La Colmena are now out of work.
Despite such a major crisis, the government’s response to helping the immigrants is negligible. Most of the workers and immigrant business owners are getting no support from the government. All the care packages sent out by the government are not reaching these people even after filing proper tax returns. Even with American born children, these families have not received the 1200 USD sent out by the government from federal cash reserves.
Most of the hardest-hit sections of the COVID hits have been the immigrant communities, who also serve as the front line workers. This is creating both physical and mental pressures within the community further harassing them.
Probable Solutions for post-COVID developments
Increase investment in local health measures
With the government investing more in health measures businesses and communities can grow with the security that with any kind of illness, their health will be taken care of.
Relief systems for commercial small business tenants
The immigrant workers and business owners are failing to pay rent and do their taxes. This is causing more harm to the business. With the help of online Tax consultation services in New York, these traders can get better solutions to manage their funds.
Emergency cash funds
A bit of monetary support from the government can really help these immigrant businesses grow back to their former selves.
Considering the contribution of these industries in the overall growth of the city, The Manhattan governing bodies should help with the proper distribution of funds among everyone.
The Manhattan immigrant communities are getting severely impacted in the COVID era. But with a little initiative from the government and some better investment choices and accounting decisions from the business owners, things can be improved fast.
The Accounting and Tax company is an online tax consultant service that can provide the communities with better ways to save their money and make better investment choices for securing their futures.
