Local business owners in New York collaborating on access to support resources.
Governor Kathy Hochul has introduced an online resource guide aimed at helping New York businesses cope with financial difficulties caused by tariffs from the previous administration. The guide offers information on state programs and support structures essential for small and mid-sized enterprises impacted by rising import costs. Alongside the guide, the state is conducting a survey to gather feedback from business owners on the effects of tariffs. This initiative underscores the state’s proactive approach to alleviating the economic pressure faced by local businesses, particularly in manufacturing and tourism sectors.
Albany, NY — Governor Kathy Hochul has rolled out a new online resource designed to assist New York business owners who are facing financial strain due to tariffs imposed by the previous Trump administration. This initiative aims to alleviate the economic burden caused by increased import costs and to provide crucial support for small and mid-sized businesses navigating ongoing disruptions tied to federal tariff policies.
The resource guide offers updated information regarding various state programs and available support structures to help local businesses deal with the ramifications of tariffs. The aim is to provide clarity and facilitate risk mitigation for companies struggling under the weight of rising import costs.
In conjunction with the launch of the guide, the state government is also conducting a survey soliciting feedback from business owners on how these tariffs have affected their operations. The data collected through this survey will be critical in shaping future support initiatives and guiding policy decisions designed to assist struggling businesses.
Several sectors, particularly manufacturers and tourism-based businesses, have reported notable revenue losses directly attributed to the tariff measures. For instance, aluminum producer Alcoa in northern New York has faced an estimated impact of $20 million due to tariffs on Canadian imports. These tariffs have led to significant declines in business activity, with tourism operators reporting a drastic fall in Canadian visitors.
Recent statistics reveal that there were 400,000 fewer Canadian tourists visiting New York in May 2025, compared to the same month in 2024. This sharp decline has had serious repercussions for businesses that rely on tourism revenue. Additionally, bridge crossings in key areas such as Ogdensburg and Champlain have decreased by 30% year over year, illustrating the tangible effects of these tariffs on cross-border travel and commerce.
A survey conducted by the North Country Chamber of Commerce further emphasizes the seriousness of the situation, revealing that 66% of tourism-related businesses have seen a drop in Canadian customers. Alarmingly, one in four tourism businesses may be forced to reduce staffing levels in response to the continuing challenges posed by the tariffs.
New York’s economy is particularly susceptible to these disruptions, given that Canada is its top trading partner. The widespread nature of the tariff dispute highlights the extensive impact on businesses throughout the state, magnifying the need for effective support measures.
The newly launched resource guide aims to bridge this gap by clarifying available state support options and emphasizing accessibility for business owners in need. By consolidating information and updating resources, the guide seeks to ensure that business owners have the tools necessary to combat the challenges posed by tariff-related financial strain.
In summary, Governor Hochul’s initiative represents a proactive approach to addressing the economic fallout from federal tariff policies affecting New York’s businesses. The combination of an informational resource guide and ongoing survey efforts aims to provide assistance and collect valuable data that can inform future policy and support initiatives.
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