Central Florida's small business community faces significant challenges due to ongoing construction projects. In response, two state lawmakers have introduced a new bill aimed at providing financial relief to these enterprises. State Representative Anna Eskamani and State Senator Carlos Guillermo Smith have filed the "Business Disruption Assistance Act" to help businesses that are struggling as a result of infrastructure improvements.
The legislation proposes offering $25,000 grants per phase of construction that impacts a business. Additionally, low-interest loans will be available for those requiring further assistance. This initiative aims to provide a safety net for affected establishments, ensuring they can remain operational during necessary public works projects. The bill is currently undergoing committee reviews, with legislative discussions set to commence in March.
Many local businesses, such as Maffrey’s in Orlando, have experienced substantial revenue losses due to limited customer access caused by construction. Co-owner Jeff Starks highlighted how a recent project lasting over a year led to a 20% drop in profits, compelling them to adapt their business strategies. Other establishments, like The Hammered Lamb, were unable to endure the financial strain and have closed down. Without adequate support, more businesses may face similar fates.
Rep. Eskamani recognizes the importance of infrastructure improvements but acknowledges the short-term hardships faced by small businesses. She emphasizes the need for a balanced approach that benefits both long-term development and immediate economic stability. Sen. Guillermo Smith adds that while grants offer initial relief, low-interest loans provide an additional layer of support for sustained operations. The proposed bill seeks to establish a comprehensive framework to assist businesses during challenging times, fostering resilience and growth within the community.