close
The New York City small business contingency program is too small to make much of a difference for the surge of businesses suddenly in need as a result of the Covid 19 mandatory shutdowns, said Howard Cure, director of municipal bond research at Evercore Wealth Management, in an interview with the New York Times.
It’s just so woefully underfunded for the needs of the programs,” Howard said. “The city and the state are facing such huge operating deficits from the impact of the decline in sales tax and, to a lesser extent, a decline in personal income tax, that they’re in no position to expand these programs.
”For information on bond research at Evercore Wealth Management, please contact us. To view article, click here.
Investment and Wealth Management services are provided by Evercore Wealth Management, LLC an investment advisor registered with the U.S. Securities and Exchange Commission (the "SEC") under the Investment Advisers Act of 1940. Registration with the SEC does not imply a certain level of skill or training. Trust and custody services are provided by Evercore Trust Company, N.A. a national trust bank regulated by the Office of the Comptroller of the Currency.
Client retention rate is based on data from 06/30/24 – 06/30/25. Assets under management are as of 06/30/25