Thank you for visiting One day Robert learns that New York City has started a program to help small businesses The program provides tax breaks and other benefits for. This page is designed to guide you through key points and clear explanations related to the topic at hand. We aim to make your learning experience smooth, insightful, and informative. Dive in and discover the answers you're looking for!
Answer :
Final answer:
The program in Robert's scenario likely offers tax breaks to small businesses in Manhattan that contribute to neighborhood improvements. This reflects a broader strategy used by governments to incentivize economic growth and community development. Such strategies include direct support, tax incentives, and encouraging private investments from angel investors.
Explanation:
One day, Robert learns that New York City has started a program to help small businesses. The program provides tax breaks and other benefits for Manhattan-based businesses that have made efforts to clean up or improve their properties, potentially reflecting greater societal benefits that are larger than private gains.
These government programs might directly pay for the neighborhood cleanup or give reduced tax payments to businesses that take it upon themselves to enhance the area. This initiative aligns with states pursuing individualistic objectives where tax incentives are used to bolster the economy or promote entrepreneurship. For example, former New Jersey Governor Chris Christie used similar incentives to attract businesses and stimulate job creation in economically challenged areas by offering significant tax breaks.
Finally, while the original source of money for many small businesses is the business owner themselves, through savings or loans, cities often have a network of 'angel investors' who provide capital in the early stages of a business, in exchange for ownership stakes. This demonstrates the various avenues of funding and support available to small business owners, including governmental incentive programs.
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