October 29, 2020
Business News

Mayor of Waterford calls for rates moratorium to help local business

The Mayor of Waterford is calling on the council to pause rates for the foreseeable future in an effort to help out local businesses essential in this time of the coronavirus emergency.

Councillor John Pratt, Mayor of Waterford City and County, has reached out to the local authority’s CEO, Michael Walsh, asking that council management defer the collection of commercial rates from small businesses for the month of March and for as long as the current COVID-19 crisis continues.

“Unprecedented challenges call for unprecedented responses,” Mayor Pratt said, “The impact on small businesses could be dire. Many may not reopen.

“We must do all that we can to prevent the worst from happening so that businesses are able to recover and grow again when the current crisis has passed, as pass it will.

“Council management are awaiting national guidance from central government to determine what relief can be provided by local authorities to hard pressed small businesses that need our support now more than ever,” Mayor Pratt concluded.

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