In the News

Title

Despite economic gains, small businesses say, "What recovery?"

Document Type

Article

Publication Date

9-29-2016

Abstract

Many small-business owners and academics aren’t buying into President Obama’s claim that the 5.2 percent rise in household income last year translates into an economic rebound. Truth be told, it could be the opposite.

Jack Bick called it “an aberration.” Bick, founder of S. Charatan Realty in New York City, said he has seen a slide in apartment and commercial real estate values in the Big Apple.