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Committee advances plan for a San Francisco "legacy business" registry
Summary
The Budget & Finance Committee advanced ordinance language to create a legacy business registry recognizing long-standing neighborhood-serving businesses; sponsors removed a rebate from the current ordinance, added nonprofit eligibility and proposed Small Business Commission hearings to determine status before the full Board consideration on Feb. 24.
Chair Mark Farrell opened the meeting and introduced the day’s agenda before committee members took up legislation to create a citywide legacy business registry.
Nate Albie, legislative aide to Supervisor David Campos, said a Budget and Legislative Analyst study showed San Francisco lost nearly 4,000 locally owned businesses in 2014 alone and stressed that rising commercial rents threaten long-standing neighborhood-serving businesses. "The city lost almost 4,000 locally owned businesses in 2014 alone," Albie said,…
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