NY Small Biz Owners Face Unemployment Premium Hike

New York small business owners have endured quite an ordeal over the past 13 months thanks to the COVID-19 pandemic, which brought about emergency regulations that either closed or restricted their operations and forced them to lay off workers.

Now, as the pandemic appears to be waning, many of them received yet another unpleasant surprise: a substantial increase in their unemployment premiums. This came despite New York lawmakers passing legislation aimed to keep COVID-related closures from impacting a business owner’s rating, which factors into their premium amounts.

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