A recent study by the Fiscal Policy Institute found immigrants make up 28 percent of "Main Street" business owners in the city. And, well represented among neighborhood businesses in economically-distressed areas, immigrant business owners are pioneers in entrepreneurship. The significance of immigrants to the city’s economic landscape has prompted Kenney to prioritize helping this constituency navigate the legal maze involved in owning a business as part of his economic development strategy. He cited that under his administration, the Commerce Department has expanded its offerings to Latino and Korean communities, such as increasing the number of bilingual business services managers.
However, his conversation with the sustainable business community came just a week after an emotional presidential election. And while there is considerable uncertainty surrounding the actions to be pursued by the incoming administration, there was concern that Trump’s election could threaten to stall progress made locally by furthering the deep crisis of confidence that immigrants have of their place in our society. Campaign rhetoric used by the president-elect ripped at the seams of our cultural fabric and engendered hostility towards immigrants. Even the seemingly progressive enclave of Philadelphia was not immune to the fallout as African-American freshmen at Penn were the victims of racist online attacks in the wake of Trump’s election.
Yet, the headwinds soon to be emanating from the White House and captivating parts of the country have not wavered this mayor's resolve to keep his city united. Kenney moved swiftly to strongly condemned the racist acts at Penn. He also announced Philadelphia will remain a sanctuary city in spite of looming threats of reduced federal funding.
Holding a city together at its seams is not without its toll. A worn look filled Kenney’s face even as he spoke with undeniable conviction. It was that look more than anything else that brought a room packed with social-minded entrepreneurs to conclude that fostering inclusivity must not be the responsibility of government alone. It brought on a sense of collective spirit as a conversation emerged about the strength of strong networks that allow small businesses to help one another, highlighting the importance of organizations like SBN.
Imbued in the expansive conversation that morning was the theme: a city of innovation is built upon a diversity of ideas, experiences, and perspectives. Philadelphia’s economic resurgence depends on sustaining the unique character and depth of our local business community. The entrepreneurs in attendance were challenged to depart committed to the principle of “stronger together,” ready to stand united in the face of prevailing forces to preserve this one city indivisible.
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For small businesses, where employees often work long hours and are earning more than $455 per week, the proposed rule could be significant. If multiple employees are routinely working beyond normal work hours, overtime pay could reasonably increase personnel expenses.
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