Saturday, March 22, 2008

Small businesses and CBAs

Small, locally-owned businesses can do a lot for local economies. They provide community ties, strenghten community character and keep locally spent money in the local economy. Some commentators believe that they tend to pay higher wages and devote more money to community investments than do larger corporations. Provisions aimed at encouraging small business growth have been included in a number of CBAs:

  • LAX: requires the developer to set up a revolving loan program to benefit small businesses.

  • Gates-Cherokee: the property may not be used for any commercial establishment larger than 75,000 square feet, effectively prohibiting most big box stores.

  • Longfellow: no retail tenant may occupy more than 30,000 square feet, and at least 30% of the retail space must be set aside for local businesses.

  • Shaw District: space set aside for local businesses

  • Gateway Center: 18,000 square feet of space set aside for existing small local businesses;

  • Atlantic Yards: sets aside 15% of gross retail leasing space for community-based business, with a preference given to minority- and women-owned businesses

  • San Jose CIM Project: goals of 30% San Jose retailers and 30% regional retailers, with a set aside of 10% of the available retail space for existing small business in the downtown

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