AMERICANALMANAC (Alan Benson) - SBA chief Loeffler rips Mamdani's city-owned grocery plan as a threat to New York's small businesses
Small Business Administration Administrator Kelly Loeffler is warning that New York City Mayor Zohran Mamdani's $70 million plan to open government-run grocery stores will crush the very immigrant-owned bodegas and shops the city claims to support. Loeffler took the fight public Tuesday on Newsmax's "National Report," calling Mamdani's agenda a textbook case of socialist economics […] The post SBA chief Loeffler rips Mamdani's city-owned grocery plan as a threat to New York's small businesses appeared first on American Almanac .
Small Business Administration Administrator Kelly Loeffler is warning that New York City Mayor Zohran Mamdani's $70 million plan to open government-run grocery stores will crush the very immigrant-owned bodegas and shops the city claims to support. Loeffler took the fight public Tuesday on Newsmax's "National Report," calling Mamdani's agenda a textbook case of socialist economics punishing the people it pretends to help. The SBA chief had just returned from a visit to Queens, where she stood shoulder-to-shoulder with bodega owners who say the mayor's plan amounts to a taxpayer-funded competitor they cannot beat. At issue is a city initiative to build five municipal grocery stores, one in each borough, using $70 million in public funds.…Open