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Recovery for All of Us: City Annouces Small Business Economic Support Programs
April 23, 2021
Over $155 million will be allocated to small businesses across the City
NEW YORK —Today, Mayor Bill de Blasio, the Office of Management and Budget (OMB), and NYC Department of Small Business Services (SBS) Commissioner Jonnel Doris announced that over $155 million will be allocated for small business recovery and job training in emerging markets in New York City's Executive Budget for Fiscal Year 2022 (FY22).
Since the beginning of the pandemic, SBS has launched 28 initiatives to help small businesses and jobseekers stay resilient, including a hotline that has helped over 57,000 callers and resources connecting 5,000 businesses to over $142 million in funding. Through the City's 'Fair Share: PPP' program, 4,174 businesses received assistance in applying for $294 million in PPP. The FY22 Executive Plan is expected to reach 40,000 businesses across the five boroughs.
"Small businesses knit New York City together – and they were hit hard last year, even as Wall Street made record profits. But help is on the way," said Mayor Bill de Blasio . "These investments will keep New York City the most vibrant city in the world and help build a recovery for all of us."
"Small businesses are the backbone of NYC's economy, their survival is imperative to the City's future," said J. Phillip Thompson, Deputy Mayor for Strategic Policy Initiatives and Co-Chair of the Racial Inclusion and Equity Task Force . "Our work is far from finished, but the City is committed to a fair, just, and inclusive recovery for all small businesses."
"As the City continues on its journey to recovery, it is critical that we make small businesses the central focus of our relief efforts," said Jonnel Doris, Commissioner of the NYC Department of Small Business Services and Co-Chair of the Small Business Subcommittee of the Taskforce on Racial Inclusion and Equity . "SBS will continue to strive for an inclusive recovery, ensuring all small businesses have the resources they need to get back on their feet."
In the new fiscal year, the following new and existing programs will help to boost the resilience of small businesses across the City, create more job opportunities in emerging markets and revitalize commercial corridors."
Facilitating Economic Resilience
Nyc small business loan fund.
The NYC Small Business Recovery Loan program is a $100 million fund, partly funded with private capital, dedicated to helping small businesses retain staff and keep their doors open. Using census tract data to target communities hardest hit by COVID-19, New York City will provide low-interest loans of up to $100,000 to approximately 2,000 small businesses.
Small Business Grant Program
The $100 million Small Business Grant Program will provide direct support to small businesses to boost our recovery and put New Yorkers back to work. It will include $50 million in rental assistance for small businesses in the arts, entertainment, recreation, food services, and accommodation sectors, and an additional $50 million focused on small businesses in low- to moderate income communities, using census tract data, to hire staff or meet unpaid expenses incurred since March 2020.
Commercial Lease Assistance Program
The existing Commercial Lease Assistance program will receive $10.4 million to provide expanded free legal services to help businesses sign, change or terminate leases, or address a commercial lease issue. This funding will help to expand outreach to small businesses in the 33 hardest hit neighborhoods identified by the Mayor's Taskforce on Racial Inclusion & Equity (TRIE) that were disproportionately impacted by the COVID-19 pandemic.
Accelerate Small Business Reopening/Opening
The City will allocate $5 million to establish a small business recovery "one-stop shop" service to help businesses meet requirements for opening/reopening inspections, licensing and permitting as the COVID-19 pandemic subsides.
Catalyzing Job Opportunities in Emerging Markets
Career pathways.
The Career Pathways Initiative will receive $2.5 million to support training in the technology, healthcare, industrial, and food service sectors, with a special focus on connecting underrepresented groups to careers such as web development, data analysis, commercial driving, cable installation, nursing and medical assistant.
Apprentice NYC
Apprentice NYC will receive $1.5 million. This initiative recasts a traditional workforce development approach to address 21st century skills, allowing workers to learn while they earn in careers in healthcare, tech, manufacturing, and food service.
Green Jobs & Manufacturing
HireNYC Construction Careers will receive $1.5 million that connects NYCHA residents and low-income New Yorkers to the construction trades through pre-apprenticeship training. This strategy leverages the City's investments in capital construction projects to help maximize the number low income New Yorkers and NYCHA residents that enter the trades. This funding will also assist manufacturing businesses in developing blueprints to manufacture more products locally and reduce operating costs.
Revitalizing Commercial Corridors
Avenue nyc program.
The Avenue NYC Commercial Revitalization program will receive $1.2 million to expand outreach into more neighborhoods, exclusively in low- to moderate income neighborhoods with a focus on the 33 hardest-hit neighborhoods defined by TRIE that were disproportionately impacted by the COVID-19 pandemic.
Shop Your City Campaign
The Shop Your City advertising campaign will receive $1.1 million to support businesses by encouraging New Yorkers to shop locally.
“New York City’s small businesses endured the very worst of COVID-19. They showed their incredible resiliency and unparalleled flexibility as they adjusted to the most challenging circumstances imaginable this past year. Now, as we stand on the precipice of a reopened and rejuvenated New York, they are eager and hungry to kickstart our great city’s recovery—and New York City stands ready to do all it can to help,” said Congressman Jerrold Nadler . “I’m thrilled by today’s announcement that more than $159 million dollars will be allocated within New York City’s FY2022 budget towards small business recovery and economic resilience programs, including investments in small business grants and loans, green job training, and much more. Thanks to New York’s unparalleled small businesses and our city government’s commitment to supporting their recovery, New York City will come back stronger and more vibrant from COVID-19.”
"To fully recover from the massive hit that the pandemic has inflicted on New York City's small businesses, we need action at all levels of government," said Congresswoman Nydia M. Velázquez . "I applaud the Mayor and City for this latest bold investment in rebuilding our small businesses so they can prepare to reopen safely and with the resources they need."
"We welcome with open arms the great news that more than $155 million will be allocated for small business recovery and job training in response to the issues and concerns our small business community has raised. We look forward to these funds reaching the many minority small-business owners in New York City who have faced massive challenges because of COVID-19's outsized burden in our neighborhoods. These same business owners, despite seeking financial assistance at much higher rates, were less likely to receive government and private funding. In the new fiscal year, these programs will help to encourage new waves of support for small businesses across the City, fueling the survival and resurgence of our small businesses while creating new and much-needed job opportunities," said State Senator Robert Jackson .
"Small businesses are at the heart of New York City – they give the city its character, its street life, and its energy, and they are an anchor for our middle class. But those same small businesses have borne the brunt of this pandemic; they are hurting, and they need help. I am grateful to Mayor de Blasio and his administration for making these funds available, so that more of our beloved small businesses will be able to make it through to the other side of this crisis," said State Senator Liz Krueger.
"Small businesses are the backbone of our economy, and it is critically important that we continue to create programs that help create and sustain their existence despite the current pandemic. I applaud Mayor de Blasio for these initiatives which signal to New York's small business community that their elected officials have not forgotten about them," said State Senator Kevin Parker .
"When our small businesses fail, our communities bear the brunt, and when they thrive, our communities flourish," said State Senator Roxanne J. Persaud . "We must do everything in our power to make sure that small businesses have access to recovery funding. Small businesses were the first to close their doors last year and these programs will bring relief and mitigate barriers brought on by this continuing crisis."
"As the Chairman of the Senate's Committee of Banks, I know how important it is to support small businesses, especially Minority and Women-Owned Businesses (MWBE), and all of those struggling due to the pandemic. I applaud the city for offering loans, grants and resources to help these entrepreneurs not only stay afloat but also thrive and become better than ever," said State Senator James Sanders Jr.
"Thank you Mayor de Blasio for coming to the aid of our struggling small businesses. As we begin to reopen and recover, responsible elected leaders are stepping up to ensure those who suffered financially have every avenue to survive this pandemic," said State Senator Diane Savino .
"The loans and grants announced by the mayor today will help end the structural exclusion many MWBEs and other small businesses faced on an accelerated basis during the pandemic," said Assembly Member Rodneyse Bichotte Hermelyn . "In addition, this will help jump start the economy by creating more jobs and revitalizing commercial corridors. More than that, this plan promises to help increase equity; something prior administrations were not able to address even before the pandemic. I thank the Mayor, OMB and SBS for executing this plan to help our most vulnerable residents and small businesses."
"Our small business community is the backbone of New York City's economy and we need to do all we can to help businesses recover from the devastating losses of the past year," said Assembly Member Steven Cymbrowitz . "These grants, loans and other workforce development initiatives will bring hope to so many people across the city who are eager and ready to get back to work and to prove just how resilient our business community can be in overcoming the challenges of the pandemic."
"Small business recovery is a crucial part of New York's recovery. I applaud the Mayor's effort to infuse 100 million dollars into small businesses to help them recover from this pandemic," said Assembly Member Harvey Epstein .
"Our small businesses need all the help they can get," said Assembly Member Nathalia Fernández . "We need to do everything we can to ensure that our small business community can come back stronger than ever. These programs are a necessary step toward helping our city recover from the pandemic and get our economy back on track."
"Now, so much more than ever before, our small business community needs all the help it can get. It's no secret that we want the New York City we all knew and loved, from before the pandemic, to bounce back. I believe these new programs will allow us to do just that," said Assembly Member Michael Reilly .
"This pandemic has done irreversible damage to our small business community, however hope is not lost. Programs like these will ensure viability and recovery for our small businesses. I thank the Mayor for allocating these resources. When our small businesses rebuild, our city will not just recover but thrive," said Assembly Member Robert Rodriguez .
"Our city's small businesses are the lifeblood of thriving communities. Small business owners and workers were devastated by the impacts of COVID-19 pandemic. We absolutely need these grants, loans, and job creation programs - and more - to forge forward with an economic recovery program that benefits all New Yorkers," said Assembly Member Jo Anne Simon .
"The COVID-19 pandemic devastated small businesses in the arts, hospitality, and restaurant industries in New York City. The launch of small business economic support programs that provide millions of dollars in grants and loans will help our city in the recovery process. I applaud the Mayor's office, the Office of Management and Budget, and the NYC Department of Small Business Services for considering the needs of underrepresented groups and communities that were hurt the most by the COVID-19 pandemic when they created this program," said Assembly Member David Weprin .
"It feels good for politicians to say "small businesses are the backbone of our local economy" but talk is cheap. And for me, it's personal. I will never get over all the small businesses we lost during this time. Losing one was losing too many; the fact that we lost many keeps me up at night. I appreciate the Mayor's commitment here. We must do everything we can to make our neighborhood a place where small businesses can thrive, no matter what. Talk is cheap. Recovery will be expensive. Let's get it right and get New York City back on its feet," said Council Member Justin Brannan .
"In order to have a full recovery from the COVID-19 pandemic, we need small businesses to have all the resources they can have to thrive. So many small businesses shut down during the pandemic, but now it's time to support them and give our entrepreneurs the funding they need in order to secure a stronger financial future for their families and city. Since I have been in office, I have been on the ground surveying businesses in my community to see exactly what they want and need to get back on their feet. Businesses need a commitment to public safety. Businesses need to have clean streets. Businesses need more loan and grant opportunities. In the last few weeks, this administration has doubled down their support for all of these initiatives, creating a fantastic environment for small businesses to take critical steps forward to revive and thrive in a post pandemic world. I support the Recovery for All of Us initiative from Mayor Bill de Blasio to allocate $155 million to small businesses throughout the city. This initiative offers solid support for businesses that closed to reopen, job training for those out of work, investing in green jobs, and loan and grant opportunities. They mirror my own fight to keep the streets clean while making sure we foster an environment where small businesses can have the resources to flourish," said Council Member Darma Diaz .
"It was only a year ago that our city was the epicenter for a global public health crisis that completely altered our way of life. Businesses were forced to close, employees were laid off, and the impact of COVID-19 is still felt by many in our city. This has been an incredibly challenging time for all of us, especially our women and minority-owned businesses that are battling two pandemics. One pandemic is COVID-19 and the other is systemic inequality that has been further exacerbated by our current crisis. The funding for small businesses in the Mayor's FY'22 Executive Budget is a step in the right direction in ensuring our mom and pop stores receive the necessary financial support to remain open. We must invest in our small businesses with innovative technology and opportunities for them to strive. I look forward to working with my Colleagues on a budget that reflects the support of our small businesses," said Council Member Vanessa L. Gibson .
"After a terrible year of being closed down, limited operation or being hit with draconian fines by city inspectors, our small businesses need all the help they can get. These programs are a welcome step in the right direction toward recovery. Let's continue to make city government more nurturing to small business owners in the wake of the pandemic and let's all shop locally," said Council Member Robert Holden .
"If we are going to get this RECOVERY moving strong our City has to be nimble and creative in the ways we pump up and help our small businesses," said Council Member Ben Kallos . "By trying this capture all approach that includes, Green Jobs & Manufacturing, a NYC Small Business Loan Fund, Commercial Lease Assistance Program we are setting up our small business for future success. Our small businesses are the heart of this City's economy and if we want to bring the City back full strength we have to focus on the needs of small business. Especially those hardest hit. Thank you to the Mayor for focusing on our small business."
"Since the start of the COVID-19 pandemic, small business owners have faced unprecedented challenges to keep their doors open to provide for their families and support their communities. We are racing against the clock to provide a lifeline that would help accelerate the recovery of our commercial corridors — particularly immigrant, women, and Black-owned businesses. Through the Department of Small Business Services, we are answering that call by expanding access to capital, a community of experts, while creating opportunities that will ensure New York City comes back stronger than ever before," said Council Member Farah N. Louis, Co-Chair of the Women's Caucus.
"I applaud Mayor de Blasio, OMB, and SBS on their initiatives to aid in NYC's economic recovery. Small businesses are a crucial part to the thriving culture and diversity of our beloved city. These critical resources will help to ease the burden of our small businesses financially, and also provide an opportunity of growth for all New Yorkers," said Council Member Alan Maisel .
"Small businesses are the backbone of New York City. As the son of a small business owner, I know the trials of keeping them afloat—regardless of the impact of a pandemic. I've been glad to steward supportive policies for these establishments, and thank the Mayor and SBS for investment in their future," said Council Member Keith Powers .
"Small businesses are the backbone of a thriving Big Apple. These programs accelerate our economic recovery from the pandemic as commercial corridors will benefit from these initiatives. I applaud the Administration for administering and creating grants and loans to support New Yorkers," said Council Member Paul A. Vallone .
"We must do everything possible to help our businesses recover from this pandemic. Small businesses are a big part of the engine that moves our NYC economy, and there we will be no economic recovery if our small businesses are left behind. Any and all recovery plans must be inclusive of all of our small businesses! As a partner of SBS, the New York Women's Chamber of Commerce is committed to assisting the City in its efforts to create and implement the necessary programs to help our small businesses restart, recover and thrive," said Quenia Abreu, President, New York Women's Chamber of Commerce .
"The city's focus on small business recovery is crucial to our economy. The Chamber is happy to see initiates like these included in the city budget that are focused on cutting red tape, providing rental assistance, and aimed at helping our small businesses," said Linda Baran, President and CEO, Staten Island Chamber of Commerce .
"In these challenging and extraordinary times, where every bit of assistance is needed we are very pleased to learn of these millions of resources and programs are being made available to all the small businesses across the city so that we can start making our long way back to recovery," said Wellington Z. Chen, Executive Director, Chinatown BID/Partnership .
"Times of crisis also provide opportunities for creative change. We saw that happen during the Great Depression and we are seeing it now in New York City during the pandemic. The City of New York has in a new and more substantive fashion not only recognized the importance of small business in this city, the new and innovative programs that have been developed and are being proposed provide the promise of very real immediate relief and systemic change in the foreseeable future," said Prof. Wallace Ford, Medgar Evers College.
"The Queens Chamber of Commerce wholeheartedly supports and is grateful for the allocation of grants and loans that are being announced today by the administration. We have worked side by side with SBS Commissioner Jonnel Doris and his team over the past year and look forward to continuing the work together. As we see the light at the end of the pandemic tunnel we look forward to having the resources we need to support our small business turnaround throughout Queens County," said Thomas J. Grech, President and CEO Queens Chamber of Commerce .
"It has been a long, hard, frustrating, devastating year for small businesses like ours," said Joanne Kwong, president of Pearl River Mart, the longtime Asian emporium in downtown Manhattan . "For those of us still hanging on, we continue to fight in large part because we want our neighborhoods and city to survive, and the programs announced today are a welcome lifeline from the City letting us know that we're not fighting alone. As the backbone of NYC's economy, we look forward to doing our part to get the City back on its feet."
"The various programs NYC launched today will go a long way in restoring our small business ecosystem and will truly help to address the devastating effects of this pandemic on our economy. As one of the City's leading small business advocacy organizations, we see this investment is an acknowledgement that small businesses are a key component to an equitable recovery," said Randy Peers, President & CEO, Brooklyn Chamber of Commerce.
"New York City's restaurants and other small businesses have been devastated by the Covid-19 pandemic, and that's why the de Blasio administration's new economic recovery program is critical in bringing support, such as grants, loans and commercial lease assistance to struggling businesses. The truth is, we need our small business community to recover for our city to recover, and that's why we commend the de Blasio administration for providing relief to support their recovery," said Andrew Rigie, Executive Director, NYC Hospitality Alliance .
"As we enter the pandemic recovery stage, The New Bronx Chamber of Commerce welcomes this allocation of essential funding from the Administration. Our partnership with Commissioner Jonnel Doris and staff has thus far resulted in much-needed services for Bronx small businesses, and we look forward to continuing to work closely with SBS to support the evolving needs of these businesses," said Lisa Sorin, President, The Bronx Chamber of Commerce.
"The NYC BID Association applauds the Administration for allocating substantial resources toward small businesses and neighborhood commercial corridors. These critical investments will rejuvenate our communities and help local merchants breathe life into New York City's recovery. We look forward to working with the Department of Small Business Services to promote and implement these important new programs," said Jennifer Tausig and Bob Benfatto, co-chairs, The BID Association .
"We are in the final stretch of the pandemic," said Jessica Walker, President and CEO of the Manhattan Chamber of Commerce . "The programs being announced today, coupled with critical support from the federal government, will help many small businesses make it to the other side of this crisis and begin to generate stable revenues again."
As a small MWBE I am elated that SBS, OMB and Mayor DeBlasio have developed this program to uplift small businesses which are the backbone to rebuilding New York City and its neighborhoods. This program will provide a lifeline to struggling small businesses and will also assist in reopening doors of businesses which have shuttered during the pandemic. It will assist in putting individuals back to work which in turn will provide much needed financial support that is crucial to economic development within our communities. Not only is this a win for small businesses – it is also a win for New York," said Melba Wilson, Owner of Melba's Restaurant and President of the Hospitality Alliance .
"The updated budget to support our city's small businesses is beyond impressive. Mayor de Blasio is making a bold commitment to an often overlooked, but vital sector of our economy with the budget, which will ensure that our City's entrepreneurs emerge stronger from Covid-19. It is not a surprise to anyone that this pandemic had a devastating impact on all small businesses, but in particular Asian stores which had to close much earlier due to anti-Asian racism. These investments to support the critical economic engine of our city means that mom-and-pop stores now have help to bounce back. Thank you, Mayor and Commissioner Doris for listening to the many, many stories of anxiety and sacrifice from small business owners, and for making bold investments to rebuild their livelihood and the small business sector. AAF looks forward to working with Commissioner Doris to show our Asian small businesses that they are valued and needed," said Jo-Ann Yoo, Executive Director, Asian-American Federation .
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Governor Cuomo Announces Applications Now Open for $800 Million COVID-19 Pandemic Small Business Recovery Grant Program
Small Businesses Experiencing Financial Hardship Due to COVID-19 Can Now Apply for Grants of Up to $50,000
Governor Proposed Legislation Waiving Taxes on Grants
Governor Andrew M. Cuomo today announced that applications are now open for the $800 million COVID-19 Pandemic Small Business Recovery Grant Program . The program reimburses New York small businesses with grants of up to $50,000 for COVID-related expenses incurred between March 1, 2020 and April 1, 2021. Grants will be awarded to small and micro businesses and small for-profit independent arts and cultural organizations, with priority being given to socially and economically disadvantaged business owners, including minority- and women-owned business enterprises, service-disabled veteran-owned businesses and veteran-owned businesses, and businesses located in economically distressed communities.
"Small businesses are one of the most critical components of New York's economy and were disproportionately impacted by the economic devastation resulting from the COVID-19 pandemic," Governor Cuomo said . "As we build New York back better than it was before, this program will help these small businesses -particularly those with socially or economically disadvantaged owners -regain an economic foothold so they can forge ahead toward a brighter, more prosperous future."
More than 330,000 small and micro businesses are potentially eligible for this program, including 57 percent of the state's certified MWBEs. The application site for the program will be powered by Lendistry , a minority-led Community Development Financial Institution. The state will also be launching an ad campaign to promote this program to small businesses, as well as an array of other pandemic recovery programs.
Grants will be for a minimum award of $5,000 and a maximum award of $50,000 and will be calculated based on a New York State business' annual gross receipts for 2019. Reimbursable COVID-19 related expenses must have been incurred between March 1, 2020 and April 1, 2021 and can include:
- Payroll costs
- Commercial rent or mortgage payments for NYS-based property
- Payment of local property or school taxes
- Insurance costs
- Utility costs
- Costs of personal protection equipment necessary to protect worker and consumer health and safety
- Heating, ventilation, and air conditioning cost
- Other machinery or equipment costs
- Supplies and materials necessary for compliance with COVID-19 health and safety protocols
On June 8, Governor Cuomo proposed legislation to waive taxes on grants from the COVID-19 Pandemic Small Business Recovery Grant Program. ESD has created a website — NYSBusinessRecovery.ny.gov —to highlight the various resources available to support small businesses seeking pandemic relief. The website will be continuously updated as more details and funding information become available.
The Empire State Development Board of Directors approved $10 million in technical assistance grants for New York's statewide entrepreneurship assistance centers,small business development centers, and 26 additional community organizations and chambers of commerce to help small businesses and for-profit independent arts and cultural organizations secure COVID-related financial assistance and grants available through existing state and federal programs.
This network of service providers will work directly with small businesses, guiding them through available funding sources and helping them navigate the application process. Recognizing that pandemic-induced economic hardship has disproportionately affected micro and small businesses, and that application processes can be difficult to navigate -especially due to a language barrier -the partners will use these funds to hire or contract more staff for one-on-one, direct counseling services.
Education materials and applications will be offered in 12 languages in addition to English. This support, along with increased technical assistance staffing, will position these providers to better assist businesses and organizations in applying for funding through the New York State's COVID-19 Pandemic Small Business Recovery Grant Program, the federal American Rescue Plan Act of 2021, or any other available federal economic recovery program, catalyzing our state and local economies as more businesses and communities reopen.
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New York State Small Business Recovery Grant Program – Up to $50K
Originally posted 6/10/2021. Last updated 9/14/2022
The New York State COVID-19 Pandemic Small Business Recovery Grant Program is offering a grant between $5k – $50k to eligible small businesses. This includes 1099 workers / Schedule C as well.
Update 9/15/2022 – Two Separate Business Grants This article is for a grant called “Recovery Grant”. There is a similar grant for NYS small businesses called “Seed Funding”. Recovery Grant: For businesses that opened before 3/1/2019 Seed Funding : For businesses that opened after 9/1/2018 You are not eligible for Seed Funding if you already received funding from Recovery Grant. If your business started between 9/1/2018 and 3/1/2019, you can check which grant will give the higher grant amount. Recovery is 10% of 2019 income, max 50k. Seed Funding is 10% of 2020 or 2021 return, max 25k (or $5k if the business did not yet file a return).
Update 9/14/2022 : – Governor Hochul announced that as of 9/13 the requirement to have had a 25% reduction was removed! You are now eligible even if the business had no reduction from 2019 to 2020. This change makes many more businesses eligible. Important: As of 9/14 this change is not yet reflected on the application website. We will update once clear guidance is published. However, if you are eligible, we suggest that you apply ASAP, and not wait for the guidance to be published, as funds are likely to run out quickly. The website was updated to reflect this change. -The application Portal will close 9/30/2022 – your application and documents need to be uploaded by then. – If you were previously declined based on not having a 25% reduction, your application should be automatically reactivated for processing.
Update 7/22/2022 : – The requirement to have had a net profit was removed! You are now eligible even if the business had no net profit in 2019 (or even if it had a loss). This change makes many more businesses eligible.
Update 8/25/2021 : – The maximum gross income allowed in order to be eligible was raised from $500,000 to $2,500,000. – Maximum PPP business could have received raised from $100,000 to $250,000. – (most likely only relevant to 1099/Schedule C individuals): Unemployment is counted as gross income.
Table of Contents
Grant amount, business eligibility, how to apply, using the funds, further guidance.
The grant amount is based on your 2019 gross receipts.
- Less than $25,000 : No award
- $25,000 – $49,999.99 : $5,000
- $50,000 – $99,999.99 : $10,000
- $100,000 – $2,500,000 : 10% of gross receipts – maximum grant is $50,000
- Over $2,500,000 : $50,000 – only if 2020 gross receipts is less than $2,500,000. IF 2020 gross receipts is also more than $2.5 million, you are not eligible.
Where to find your “gross receipts”
- Corporations and Partnerships (1120, 1120S, and 1065): Line 1a
- Sole Proprietorship (Schedule C): Line 1
ALL of the following are requirements . More details here .
- For-profit business – non-profits are not eligible
- Small business – 100 or fewer employees
- Began operations by March 1 2019
- Currently open (or closed due to Covid-19 restrictions)
- 2019 or 2020 gross receipts between $25,000 and $2,500,000
- 2020 gross receipts of less than $2,500,000 (Unclear now that a 25% reduction is no longer required, if 2020 income still needs to less than 2.5mm or not)
- No longer a requirement (9/13/2022) Had a 25% reduction in gross receipts from 2019 to 2020
- IRS Form 1120: Line 28
- IRS Form 1120S: Line 21
- IRS Form 1065: Line 22
- Schedule C (1040): Line 31
- IRS Form 1120: Line 27
- IRS Form 1120S: Line 20
- IRS Form 1065: Line 21
- Schedule C (1040): Line 28
- Did not receive more than $250k in PPP (total from both rounds of PPP)
- Did not receive RRF (Restaurant Revitalization Grant Program)
- Landlords/passive real estate businesses are not eligible
The application process is being handled on behalf of NY by Lendistry.
Application Process
- Complete the online application
- Register to make an account
- Upload the required documentation
Documentation Required
- Filed 2019 Business Tax Return (or Schedule C)
- Filed 2020 Business Tax Return (or Schedule C)
- Application Certification
- IRS Form 4506-C – only if requested by Lendistry
- Proof of Current Operation (two documents required)
- ID for every 20%+ owner
- If you have employees, then the most recent NYS-45 (payroll filing)
- Completed W9 – this is sent via DocuSign if you are approved for the grant
Priority Applications
Priority will be given to socially and economically disadvantaged business owners including, but not limited to, minority and women-owned business enterprises (NYS certification not required), service-disabled veteran-owned businesses, and veteran-owned businesses, or businesses located in communities that were economically distressed prior to March 1, 2020, as determined by the most recent Census data.
COVID-19 related losses or expenses incurred between March 1, 2020 and April 1, 2021.
These include:
- Payroll costs
- Commercial rent or mortgage payments for NYS-based property (but not any rent or mortgage prepayments)
- Payment of local property or school taxes associated with a small business location in NYS
- Insurance costs
- Utility costs
- Costs of personal protection equipment (PPE) necessary to protect worker and consumer health and safety
- Heating, ventilation, and air conditioning (HVAC) costs
- Other machinery or equipment costs
- Supplies and materials necessary for compliance with COVID-19 health and safety protocols
- Other documented COVID-19 costs as approved by Empire State Development
This grant is considered income and taxed on the federal level. It is not taxable for New York State taxes.
- Program page with full details
- Application Guide (7/22/2022)
- Call Center: 877-721-0097 – Monday – Friday: 8:00 AM – 8:00 PM
- For help with the application process, reach out .
- September 15, 2022
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4 thoughts on “new york state small business recovery grant program – up to $50k”.
Having approached the end of the long process, out of the clear blue, added to the list of required documents appears ” Government Issued Photo ID/ITIN CP 565″. Lacking this document, my application is blocked. What is this document? It’s a photo ID for persons that have no Social Security number. It serves as a way of taxing people without a SS number. In my case, I’ve had a SS number for 60 years. So why is my application blocked for not having a document that I could not possibly have? Asking Lendistry to explain, I get no answer. The NYS Small Business Grant appears to be a flawed process. Most likely it eliminates applicants from certain postal codes considered too “upmarket”.. Approach with caution, and bail out at the first sign of being gamed, Stop wasting your time
The people – Lendistry – administering this grant application are doing a very poor job. When problems come up, their representatives are incapable of providing a solution. Just keep kicking the can down the road.
Lendistry’s execution is lacking. Communication post-filling out the form is nearly non-existent, except for the staff that continually tells us to “keep checking your email”. Rollouts of prior NYS programs included better communication options, greater support, and faster disbursements to Small Business.
What if I am a Sole Proprietor and do not have employees and needed file NY-45’s?
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Small Business Recovery Grant (SBRG) Program
Thank you for your interest in this program..
The funding for this round has been exhausted. Please check back for updates on potential future distributions or contact [email protected] with any questions.
The Federal Home Loan Bank of New York’s (FHLBNY) Small Business Recovery Grant (SBRG) Program was developed in response to the 2017 hurricanes in Puerto Rico and the U.S. Virgin Islands. In 2020, the SBRG program was relaunched in response to the Coronavirus pandemic to help alleviate the challenges small businesses faced across our District.
The SBRG Program provides flexible funds to benefit small-business and non-profit customers in FHLBNY members’ communities. This program supports the financial security of qualifying organizations that have suffered decreased revenue following a disaster by partnering with members to provide grants. Funds are allocated to each geographical area across our District and are awarded on a first-come, first-served basis until all available funds have been reserved. Members will be notified in advance if future funds become available.
View SBRG Success Stories
- Frequently Asked Questions
- Forms, Guidelines and Agreements
Key Contacts
Msd team (212) 441-6600, [email protected], relationship managers: (212) 441-6700, sbrg overview, an overview of the covid-19 small business recovery grant program.
The New York Small Business Recovery Grant Program
What is the New York State COVID-19 Pandemic Small Business Recovery Grant Program?
While COVID-19 is still an active threat to many small businesses well into 2022, most pandemic economic recovery programs, like the Small Business Administration’s Paycheck Protection Program (PPP) loans and Economic Injury Disaster Loans (EIDL) from 2020 and 2021, have stopped accepting applicants. But New York State still has one program available to help struggling businesses who are recovering from the impacts of the COVID-19 pandemic: The New York Small Business Recovery Grant Program .
Started in August 2021, this grant program was created for small businesses, micro-businesses, and for-profit independent arts and cultural organizations in New York State. Its aim is to provide these businesses with economic assistance for hardship from the COVID-19 pandemic.
Unlike a PPP loan or other recovery loan, these grants do not have to be repaid. But there are certain eligibility requirements that all applicants must meet to be considered for the grants.
Eligibility for New York Small Business Recovery Grants
First and foremost, in order to qualify for a New York Small Business Recovery Grant, you need to be a small business, microbusiness, or for-profit independent arts or cultural organization that is resident, incorporated, licensed, or registered to do business in New York State. To be considered eligible, your business had to be up and running by March 1, 2019 and still be running when you apply (although your operation is allowed to be shuttered at the time of your application due to COVID-19 restrictions).
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Other Eligibility Requirements for Grant Applications
Your business must also be “viable”, which means you can show you had positive net profit in 2019 based on your 2019 federal tax return. You also have to show that you suffered economic hardship due to the COVID-19 pandemic or health and safety protocols. In order to determine the hardship, you’ll have to show a loss of gross receipts from 2019 through the pandemic.
The size of your business is important to help determine your eligibility, too. Small businesses and micro-businesses must be independently owned and operated and not dominant in their field. Small businesses must also employ 100 or fewer people while micro-businesses are limited to 10 or fewer people.
Eligibility Requirements for Independent Arts or Cultural Organizations
For a for-profit independent arts or cultural organization, your business can be a small or medium sized operation such as a live performance venue, promoter, productive company, or other performance related business. You also must be independently operated, and have 100 or fewer employees not counting seasonal hires.
How Previous Economic Assistance Can Affect Eligibility
The amount and type of assistance you’ve received from previous initiatives including federal assistance may affect your eligibility. For instance, if you received a grant from the SBA Restaurant Revitalization Grant Program, you can’t apply for a New York Small Business Recovery Grant. However, you can apply if you received assistance in a limited amount from other programs. (See the table below.)
Ineligible Businesses for New York Small Business Recovery Grants
Certain business types are ineligible for the grants, including non-profits, churches, or religious institutions. Businesses or entities that are owned by the government, offices of elected officials, and businesses engaged in lobbying or political activities are also ineligible. Landlords and passive real estate businesses cannot apply, and neither can illegal businesses. Other business types or industries may be deemed ineligible as specified by Empire State Development (ESD).
You’ll need to make sure you don’t owe any federal, state, or local taxes prior to July 15, 2020 (unless you’ve already agreed to a repayment, deferral, or other agreement with the appropriate tax authorities). And you must be in “substantial compliance” with applicable laws, regulations, codes, and requirements for local, state, and federal codes.
What You Need to Apply for a New York Small Business Recovery Grant
Eligible applicants will have to gather some specific documents in order to apply for the recovery grant. Because you’re required to demonstrate a positive net from on your 2019 business tax return and show that your gross receipts have been affected by the pandemic, you need a few specific pieces of information. First, you’ll need your tax returns from 2019, 2020, and 2021.
Next, you must be able to show that you had 2019 or 2020 gross receipts between $25,000 and $2.5 million. You can find this information in the following places of your 2019 or 2020 federal tax returns:
- Line 1a, IRS Form 1120 or 1065
- Line 1, IRS Form 1040 Schedule
- Sum of line 1a + line 2, IRS Form 1040 Schedule F
Next, you must be able to show that your business had a positive net profit of at least $1 on your 2019 tax return. You can find this information in the following places:
- Line 28, IRS Form 1120 (or line 21, IRS Form 1120S)
- Line 22, IRS Form 1065
- Line 31, IRS Form 1040 Schedule C
- Line 34, IRS Form 1040 Schedule F
Once you have this information, you can calculate your loss in annual gross receipts from year-over-year as of December 31, 2020 compared to the same period in 2019. You must be able to show that you had a 25% loss between 2019 and 2020, but you have to include any Pandemic Unemployment Assistance (PUA), Federal Unemployment Compensation and Lost Wage Assistance Programs, which will be verified by the New York State (NYS) Department of Labor. You’ll have to be able to show that your total expenses in 2020 for your small business are greater than the amount you’d receive from the grant.
Eligible businesses will also be asked to provide at least two of the following documents to prove that your business is in the state of New York and currently in operation:
- Utility bill
- Business bank or credit card statement
- Professional insurance bill
- Payment processing statement
- NYS ST-809 or ST-100 sales tax collection document
For proof of business organization, you’ll need to provide one of the following:
- Business license
- Business certificate
- Certificate of organization
- Certificate of assumed name or DBA
- NYS certificate of authority
- Articles of incorporation
- NYS municipality-issued document showing authorization to work in NYS
You’ll have to provide your schedule of ownership, unless you’re a sole proprietor, and proof of your number of employees via your most recent NYS-45 document. You may be asked to provide IRS Form 4506-C.
Finally, in order to receive the grant, you’ll need to provide your IRS Form W-9 and bank account information.
Grant Amounts for the New York Small Business Recovery Program
The amount of money you may be awarded for the grant depends on your annual gross receipts.
You also can’t use the grant funds for unauthorized purposes, like repayment or prepayment of a PPP loan. Eligible use for the fund includes anything pertaining to your business, including payroll costs, rent or mortgage payments, property taxes, insurance, or utilities. You can also use the grant to cover costs related to complying with COVID-19 health and safety protocols, such as personal protection equipment (PPE).
Other Resources For Small Business Grants
ESD is clear that the amount of funding they have for these grants is limited, so they’re being extremely selective in who receives funding. They state that priority for grant awards will be given to socially and economically disadvantaged business owners, such as those owned by people with disabilities or veteran-owned businesses. Also, your business’s industry and geographic location may factor into your application. So if your business is in New York City, you might not be selected because of the high amount of other applicants.
If you’re ineligible for this grant program or apply and aren’t selected, there are a number of other ways you can get help for your business. Small business grants are like free money for your business, as they don’t have to be repaid. Of course, a small business loan can help you build credit for your business and may not be as difficult to get as you think.
If you’re a member of certain protected classes, you may be able to access other resources, such as grants for women-owned businesses and grants for veterans . At Nav, we also have a small business grant program where we award one winner $10,000 and one runner-up $5,000. To apply for Nav’s Small Business Grant , you’ll need to create a free Nav account, tell us what your business could do with $10,000, and then ask your customers, friends, and family to vote for you. Winners are selected quarterly and receive a check for their business to use however they need to.
For more information on the New York grant, visit nysmallbusinessrecovery.com .
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This article was originally written on March 25, 2022 and updated on April 4, 2022.
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As a digital marketing writer for Nav, Kat Cox works to provide answers to the questions small business owners have about how to set up, run, or fund their businesses. When she’s not writing blogs, articles, short fiction, or (kind of bad) French poetry, Kat can be found lacing up her tennis shoes for a run or walk with her pup or scouting for the best karaoke spot in Austin, Texas.
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Five Great Small Business Grants In New York
Reviewed By
Updated: Aug 7, 2022, 1:17am
They say you can measure the beat of a state by its largest city. Of the 220,000 businesses located in NYC, 98% are classified as small while 89% are very small. It’s no wonder there are both government and private entities providing small business grants in New York. We’ve compiled five New York-specific grants for you, but be sure to check back often as new grants open up applications.
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Government Grants
Global ny state trade expansion program (step).
Amount of Grant: Up to $6,000 Deadline: Ongoing The Global NY State Trade Expansion Program provides grants to small businesses entering the export market. Funds can be used for virtual services, compliance testing, export training workshops, international marketing campaigns, foreign market sales trips and trade shows. Businesses at least a year old that manufacture, assemble and/or distribute a product or provide an exportable service can apply.
New York State COVID-19 Pandemic Small Business Recovery Grant Program
Amount of Grant: Up to $50,000 Deadline: Ongoing The amount of grant you can get under the New York State COVID-19 Pandemic Small Business Recovery Grant Program depends on the gross receipts for 2019. Your business must have gross receipts of between $25,000 and $2,500,000. It must also have at least $1 of net profit on its 2019 Business Return. Businesses that received grant assistance through any federal COVID-19 economic recovery or business assistance grant programs are not eligible for this grant. This includes any company that received a Paycheck Protection Program (PPP) loan that was forgiven.
Global NY Fund Grant Program
Amount of Grant: Up to $25,000 Deadline: Ongoing Global NY Fund Grant Program is another grant meant for increasing global exports. For-profit businesses can get up to $25,000, whereas non-profits can receive up to $100,000. It’s recommended applicants speak with an ESD Global NY Representative for guidance before applying. Otherwise, your application review and approval can be significantly delayed. Businesses can use the grant money for export workshops, product adaptations to meet foreign regulations, trade show participation and market customization.
Private Grants
New york startup business plan competition.
Amount of Grant: Up to $15,000 Deadline: January 31 Entrants into the New York StartUP! Business Plan Competition can win up to $15,000 to start their business. Plus, get access to invaluable business support and resources. You must live in Manhattan, The Bronx or Staten Island, and your business must be there too. This is for true startups—your business must have earned less than $10,000.
New York Foundation Grant
Amount of Grant: $40,000 Deadline: March 1, July 1 To qualify for a New York Foundation Grant , you must first submit an initial funding request. Businesses that move to the next round are invited to submit a full proposal for funding. The foundation supports businesses located in NYC that address the critical needs of specific populations, such as youth or the elderly. Program staff also look for companies that work on advocacy and organizing communities.
Frequently Asked Questions (FAQs)
How can i grow my small business in new york.
One of the best ways to learn about building your business is to get in touch with your local Small Business Development Center. The Small Business Administration administers this and provides workshops, training and support to small businesses. They can even let you know when grants are available.
Where can I find grants available to anyone in the USA?
Grants.gov and Score.org have a list of grants that don’t have location requirements. We also have a list of SMB grants to be aware of .
Is it possible to obtain several government grants at the same time?
You can apply for as many government grants for which you can qualify. Note, however, that when applying for grants you should mention any grants that you have received in the past.
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Kathy Haan, MBA is a former financial advisor-turned-writer and business coach. For over a decade, she’s helped small business owners make money online. When she’s not trying out the latest tech or travel blogging with her family, you can find her curling up with a good novel.
Cassie is a deputy editor, collaborating with teams around the world while living in the beautiful hills of Kentucky. She is passionate about economic development and is on the board of two non-profit organizations seeking to revitalize her former railroad town. Prior to joining the team at Forbes Advisor, Cassie was a Content Operations Manager and Copywriting Manager at Fit Small Business.
The New York State Senate
New York State Senator Brad Hoylman-Sigal
Chairman of Committee on Judiciary
( D, WF ) 47th Senate District
New York Small Business Pandemic Recovery Initiative Fact Sheet
May 17, 2021
- Senator Hoylman
- Coronavirus Pandemic; Small Business
New York Small Business Pandemic Recovery Initiative Fact Sheet
Updated December 6th, 2021
The New York State 2021–22 Executive Budget includes $1 billion in financial relief for small businesses. The funding initiatives include the Pandemic Small Business Recovery Grant Program, Restaurant Resiliency Program, Grants to Arts & Cultural Organizations, NYC Musical and Theatrical Production Tax Credit, and Restaurant Return to Work Tax Credit.
The Business Pandemic Recovery Initiative is administered by the Empire State Development Corporation (ESD). Their website has a form to help you identify which program(s) are right for your business and a list of organizations who can walk you through how to apply.
There are also federal programs administered by the U.S. Small Business Association (SBA). After watching our district’s small businesses suffer throughout the COVID-19 pandemic, I am elated by the Division of the Budget’s projections that small businesses in New York State will be able to access $5.228 billion in federal assistance.
Access to these initiatives and programs is crucial for the 27th District. My office and I have compiled information on each program and will keep you updated as more details and applications are finalized.
Pandemic Small Business Recovery Grant Program Applications for the Pandemic Small Business Recovery Program are now being accepted. Please visit https://nysmallbusinessrecovery.com/ for a link to the application and answers to FAQs. If you need help with the application you can contact the program’s help line at: 877-721-0097 Monday - Friday between 8:00 am - 8:00 pm Eastern Time.
What types of businesses are eligible for Small Business Assistance Grants?
- New York-based small businesses and for-profit independent arts and cultural organizations with 100 or fewer employees
- Non-profits, religious institutions, landlords, government-owned entities or elected official offices, businesses primarily engaged in political or lobbying activities, and businesses that received awards from the SBA Restaurant Revitalization Fund Grant Program are not eligible.
What are the other eligibility requirements?
- Businesses must have begun operation on or prior to March 1st, 2019 and continue to be in operation as of the date of application (though may be shuttered due to COVID-19 restrictions)
- Eligible applicants will be required to show annual Gross Receipts between $25,000 and $500,000 in 2019 or 2020 and demonstrate at least 25% loss in annual Gross Receipts in a year-to-year revenue comparison as of the same year over year loss of gross receipts as a result of the COVID-19 pandemic.
- Businesses cannot have received more than $100,000 in Paycheck Protection Program loans; $10,000 in COVID-19 EIDL Advance Grant; $5,000 in COVID-19 EIDL Supplemental Targeted Advance Grant; $150,000 in SBA Shuttered Venue Operators Grant; or any awards from the SBA Restaurant Revitalization Grant Program.
What are the grant amounts?
- Grant amounts will range from $5,000 to $50,000 and will be calculated based on annual Gross Receipts from 2019 or 2020.
Will the funds be taxed?
- No, funds awarded through the program are exempt from State income taxes.
What can the funds be used for?
- Grant funds can be used for all costs incurred as a result of COVID-19 related restrictions between March 1, 2020 and April 1, 2021, including:
- Operational costs including payroll, commercial rent or mortgage payments, local property or school taxes, insurance, utilities, HVAC or other machinery or equipment;
- Costs of necessary personal protection equipment (PPE) or other supplies and materials necessary for compliance with COVID-19 health and safety protocols
Which businesses will receive prioritization?
- Socially and economically disadvantaged business owners including, but not limited to, minority and women-owned business enterprises (MWBEs) and veteran-owned businesses.
How much funding is available?
- The State has allocated funding to provide grants to over 330,000 businesses, including 57% of New York State’s certified MWBEs.
What documents will I need to provide for the application?
- Proof of Gross Receipts (2019 and 2020 Business Income tax returns)
- Completed IRS Form 4506-C (Request for Transcript of Tax Return)
- Proof of business location and current operation
- Schedule of ownership (applicant must be at least a 20% owner in the business)
- Proof of number of employees ( NYS-45 document)
- W-9 and bank account information
New York State Restaurant Resiliency Program
These grants are for restaurants that chose to provide meals and food to people within distressed or under-represented communities. Grant funds will allow restaurants to cover the costs of food, preparation, and delivery of meals to vulnerable populations. To learn more and apply to the Restaurant Resiliency Program, click here .
Arts & Cultural Organization Recovery Grant Programs
These grant programs are for nonprofit arts and cultural organizations located in New York who serve the State’s constituents. The programs are facilitated and administered by the New York State Council on the Arts (NYSCA). A list of available funds for individual artists and organizations can be found at: https://arts.ny.gov/resources/relief .
NYC Musical and Theatrical Production Tax Credit
This program is designed to jump start the entertainment industry and support tourism activity in New York City. Eligible productions can receive tax credit of up to 25% of their production expenditures for two tax years (2021, 2022, or 2023). To qualify, a Musical and Theatrical Production must be a live, scripted performance with one or multiple performers that is performed in a qualified production facility in New York City. Ballet, opera, musical solo, group, band or orchestral performances, or stand-up comedy performances are not eligible. The program’s guidelines can be reviewed here . Initial applications are now available and must be submitted prior to the first paid performance. The final application is being developed and will be posted when available. Final applications are due no later than 90 days after the production closes or 90 days following the program end date of March 31, 2023, whichever comes first.
Restaurant Return-to-Work Tax Credit Program
This program is designed to help small (less than 100 employees) independently owned food and beverage establishments in New York City bring staff back to work. Qualifying businesses are eligible for a tax credit of $5,000 per new worker hired, up to $50,000 per business. There is a Fast Track Option for applicants to claim the tax credit after August 31, 2021. To be eligible, businesses must be located in New York City or an area that was designated as an Orange and/or Red zone for at least 30 consecutive days and must be able to demonstrate COVID-related revenue losses. Businesses must hire at least one full-time worker. The application is not yet posted, but a list of required documentation is available here . To be alerted when applications are being accepted, please click here .
Economic Injury Disaster Loan Program (EIDL) (Federal Program): Through this $1.2 billion program, small business owners and qualified agricultural businesses in all U.S. states and territories are currently eligible to apply for a low-interest loan due to COVID-19. Loans will be in the amount of 24-months of economic injury with a maximum loan amount of $500,000 with proceeds to be used for working capital and normal operating expenses. Applications are now open: https://covid19relief.sba.gov/#/
Additional FAQs
Can I get assistance with New York State and federal pandemic relief grant and loan applications?
Yes. New York State has a network of partner organizations that provide confidential business counseling at no cost, including assistance with applications. Please click here for a list with contact information for organizations in New York City.
Are state programs redundant or federal programs that are also available?
No. State aid is intended for businesses that do not qualify for federal programs or whose needs cannot be sufficiently addressed by the existing federal aid or forgivable loan programs. This does not exclude those who have received federal loans or assistance other than grants.
Will ESD be able to keep track of which applicants meet these requirements?
Evaluating applications for grants and administering eligibility requirements are primary functions of the Empire State Development Corporation. There is nothing novel about ESD administering this program as a backstop, and the agency will be fully capable of screening and evaluating applicants. Additionally, assistance and outreach may be provided through partnerships with local entities that have community ties. ESD would also be required to publish detailed reports on the progress of the program every quarter beginning September 30.
Why are we limited to only $800 million (or $1 billion, including tax credits) for small businesses?
The $1 billion in State aid to small businesses in this budget complements the large pot of federal aid that is also available to businesses, which the Division of the Budget estimates could be about $13.3 billion from the Paycheck Protection Program, the Economic Injury Disaster Loan Program, grants for food-service businesses, and several other programs. The aid that the State is providing in this Budget is intended as a backstop to fill gaps in the federal aid programs.
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Office of the NEW YORK
STATE COMPTROLLER
NYS Comptroller Thomas P. DiNapoli
COVID-19 Relief Program Tracker
A quote from State Comptroller Thomas P. DiNapoli: "My office is committed to full transparency in government spending. New York is seeing an historic level of federal funding right now and our job is to follow the money and ensure funds are used wisely and administrated efficiently." End of quote.
The Office of the State Comptroller has created this dashboard to track certain federal relief funds received during the pandemic and eight programs that offer targeted assistance to New Yorkers most severely impacted by the COVID-19 pandemic.
The tracker explains when each funding stream or program was authorized, how it is designed and how much has been received and spent to date. The tracker will be updated monthly and will be expanded over time as more information becomes available. We hope the information presented here can be used to help New Yorkers understand how federal aid is used and to inform future conversations about budget investments.
Select a relief program to view its funding and spending, or download this month’s data for all programs.
Data through January 31, 2023
Program Highlight
$14.0 billion in general aid for elementary and secondary education.
- Funds received to date: $5.7 billion
- Funds spent to date: $5.7 billion
Authorizing Legislation
- $1.0 billion, Coronavirus Aid, Relief, and Economic Security (CARES) Act
- $4.0 billion, Coronavirus Response and Relief Supplemental Appropriations (CRRSA) Act
- $9.0 billion, American Rescue Plan
Description
This funding administered by the State Education Department supports pandemic preparedness and response efforts, including maintaining operations and continuity of services, staff training and educational technology, and addressing learning loss related to the pandemic. Of the $14.0 billion in anticipated resources, $2 billion was spent in SFY 2021-22, and the balance is expected to be spent in subsequent years through SFY 2024-25.
See Technical Notes
$13.5 billion for State and Local Fiscal Stabilization ($12.7 billion for State purposes; $774 million for local purposes).
- Funds received to date: $13.7 billion (including interest earned)
- Funds spent to date: $774.2 million
- Transfers to General Fund: $4.5 billion
- American Rescue Plan
This program is administered by the Division of the Budget. New York State has received $12.7 billion in general relief aid that is available for a wide range of eligible State purposes. The SFY 2023-24 Executive Budget financial plan assumes that these funds will be spent from the General Fund over four years: $4.5 billion in SFY 2021-22; $2.35 billion in SFY 2022-23; $2.25 billion in SFY 2023-24; and $3.645 billion in SFY 2024-25.
In addition, New York State received $774 million in “pass through” funding to eligible “non-entitlement” local governments, with all $774 million for these local governments disbursed as of July 31. These local governments typically serve a population under 50,000 and were ineligible to receive direct payments due to federal program restrictions. These values do not reflect $9.94 billion in funding to New York City and other “entitlement” communities that represent larger populations and will receive direct federal funding.
Download Detailed Payment Information on Non-Entitlement Local Governments (Excel)
See Technical Notes
$2.5 billion for child-care services, subsidies and provider stabilization grants.
- Funds received to date: $1.35 billion
- Funds spent to date: $1.35 billion
- $163.6 million, Coronavirus Aid, Relief, and Economic Security (CARES) Act
- $468.8 million, Coronavirus Response and Relief Supplemental Appropriations (CRSRA) Act
- $1.8 billion, American Rescue Plan
This funding administered by the Office of Children and Family Services (OCFS) is intended to expand access to child care, lower costs to families, and provide stability for providers. $1.4 billion is available for child care provider financial stabilization grants, with remaining funding to subsidize family costs, secure cleaning and personal protective equipment and other costs. Actual spending was $58.7 million in SFY 2020-21 and $986.7 million in SFY 2021-22. The SFY 2022-23 Enacted Budget reprograms federal funding to provide $343 million for a second round of stabilization grants and $670 million to supplement existing federal, State and local funding for subsidized child care, including increasing eligibility for family subsidies from 200 to 300 percent of poverty.
$3.9 billion in federal ($2.8 billion) and State ($1.2 billion) funding for rental assistance.
- Federal funds received to date: $2.8 billion (including interest earned)
- Federal funds spent to date: $2.6 billion
- State funds received to date: $1.2 billion
- State funds spent to date: $879.3 million
Federal funds: $2.8 billion
- $1.5 billion, Consolidated Appropriations Act
- $1.3 billion, American Rescue Plan
State funds: $1.2 billion
- Chapters 53 and 418, New York State Laws of 2021: $250 million
- Chapters 53, New York State Laws of 2022: $925 million
This funding administered by the Office of Temporary and Disability Assistance (OTDA) is intended to provide economic relief to low- and moderate-income tenants and help landlords obtain rent due. As of October 31, 2022, over $4.0 billion of federal and State aid is expected to be made available for emergency rental assistance. Federal funds are expected to total over $2.9 billion, with $2.8 billion received and administered directly by the State. A net $153 million in federal funds paid directly to local jurisdictions is excluded from the tracker, but information is available for download below. The State will provide $1.2 billion, including $250 million enacted in SFY 2021-22 and $925 million enacted with the SFY 2022-23 budget. These figures reflect federal government reallocations to New York State and reallocations and voluntary recapture of funds to/from locally administered programs through October 31, 2022. For program information visit the Office of Temporary and Disability Assistance website.
$539.5 million to mitigate financial hardships faced by homeowners in the pandemic.
- Funds received to date: $543.9 million (including interest earned)
- Funds spent to date: $395.4 million
This program is intended to prevent homeowner mortgage delinquencies, defaults, foreclosures, loss of utilities or home energy services, and displacements of homeowners experiencing financial hardship. The program is administered by New York State Homes and Community Renewal. A program plan was approved by the U.S. Department of the Treasury on November 18, 2021. Upon approval, federal funds will be advanced to the State for program disbursements. The program is no longer accepting applications as of February 19, 2022, and instead applicants can register for placement on a waiting list.
$2.1 billion in federal ($600 million) and State ($1.5 billion including $385 million in tax credits) funding for small businesses, restaurants and arts and cultural organizations economic recovery.
- Federal funds received to date: $0
- Federal funds spent to date: $0
- State funds available: $1.1 billion
- State funds spent to date: $957.2 million
Federal funds: $600 million
State funds: $1.1 billion (and $385 million in tax incentives)
- Chapters 53 and 59, New York State Laws of 2021
- Chapter 53, New York State Laws of 2022
- Chapter 59, New York State Laws of 2022
State entities will administer $2.1 billion of support for small business recovery, including:
- $600 million of federal funds administered by Empire State Development for the small business credit incentive program to increase access to credit for small businesses impacted by the pandemic. In November 2021, the U.S. Department of the Treasury made an allocation of $501.6 million to New York State. Additional allocations may occur at a future date.
- $800 million of State funds for grants for small businesses.
- $25 million administered by the Departments of Health and Agriculture and Markets for the Restaurant Resiliency grant program.
- $80 million administered by the Council on the Arts for the Arts and Cultural Organization Recovery Grant program. $40 million was included in the SFY 2021-22 budget and an additional $40 million was added in SFY 2022-23. An additional $10 million was added in the SFY 2022-23 Enacted Budget for art and cultural needs outside of New York City.
- $200 million added in the SFY 2022-23 Enacted Budget for the Small Business Seed Funding Grant Program.
- $385 million in tax credits covering COVID related costs for capital, food services and music and theater recovery. Because the tax credits must be applied for and can be claimed over multiple tax years, status information for $385 million in tax credits for the Pandemic Recovery and Restart Program and COVID-19 Capital Costs Tax Credit Program are excluded from this reporting.
Download Payment Information for Small Business Recovery Programs (Excel)
$250 million in State funding to reduce utility bill arrears of customers eligible for energy assistance programs that accrued from March 7, 2020 through March 1, 2022.
- State funds available: $250 million
- State funds spent to date: $249.7 million
State funds: $250 million
- Chapter 53, New York State Laws of 2022
The Enacted Budget for SFY 2022-23 established a $250 million fund to address low-income residential customer arrears. In June 2022, the Public Service Commission established a program to allocate the $250 million among private and municipal utilities based on their share of eligible customers in arrears . The PSC also authorized utilities to allocate additional funds (which would be recovered in customer bills) to address low-income customer arrears in excess of the appropriation.
$5.1 billion for State costs related to COVID-19 response.
- Funds received to date: $5.1 billion (and additional interest earned)
- Funds spent to date: $5.1 billion
Coronavirus Aid, Relief, and Economic Security (CARES) Act
This funding administered by the Division of the Budget is available for certain health and public safety payroll costs and other costs related to the pandemic, thus reducing or avoiding unplanned State costs. Of the $5.1 billion disbursed since April 2020, the majority has been used for State agency operating costs. In addition, the CRF was also used to pay interest costs on short-term notes issued for cash flow relief in SFY 2020-21.
Download Detailed Spending Information on State Agencies (Excel)
$2.1 billion in State funding for income support for workers ineligible for other assistance programs.
- State funds available: $2.1 billion
- State funds spent to date: $2.1 billion
Chapter 53, New York State Laws of 2021
Unlike many of the other relief programs, the Excluded Workers Fund is funded by State General Fund resources; the program is administered by the Department of Labor. It will provide benefits of either $15,600 or $3,200 less taxes to individuals that lived in the State before March 27, 2020 and continue to live in the State, are not eligible for unemployment insurance or other COVID-19 income relief programs and earned less than $26,208 in the 12 months before April 19, 2021.
Download Data
All Programs
- COVID-19 Relief Program Tracker (Excel)
State and Local Fiscal Recovery Fund
- Payment Information on Non-Entitlement Local Governments (Excel)
Coronavirus Relief Fund
- Spending Information on State Agencies (Excel)
Emergency Rental Assistance
- Federal Treasury Reporting - Locally Administered Programs (Excel)
Small Business Recovery
- Payment Information for Small Business Recovery Programs (Excel)
Technical Notes
Funds Expected to Be Received Anticipated funding (federal and/or State) available for New York State or for “pass through” to other recipients, such as childcare providers, landlords, or local governments. These estimates are from sources including the Division of the Budget, legislative appropriations, federal and State agencies, and Federal Funds Information for States. Funds paid directly by the federal government to beneficiaries are not included.
Funds Received Federal aid received by the State of New York, either for direct program administration or pass through to other recipients. In some cases, the State has already received all the funding for which it is eligible; in other cases, the State will be reimbursed by the federal government for spending made under a certain program. Funds paid directly by the federal government to beneficiaries are not included. Interest earned on received funds must be placed back into the program and used in a manner consistent with the guidance provided.
Funds Spent Payments made by the State, either to direct beneficiaries or as a pass through to other recipients. Such payments may be backed with federal or State funds. Disbursements do not include disbursements made by entities other than the State, such as local governments or school districts, that receive federal funding directly. Executive Branch agencies may report different “spending” values that reflect stages of program management that occur prior to final payment, such as request for proposal amounts, awards or contract encumbrances. Disbursements may exceed estimated program receipts due to timing differences between State payments and federal reimbursement. Funds paid directly by the federal government to beneficiaries are not included.
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New York launched an $800 million small business recovery grant program
Joanna Fantozzi | Jun 15, 2021
New York State announced Thursday the launch of an $800 million small business recovery grant program, offering small businesses and for-profit art/cultural institutions the opportunity to receive debt-free grants between $5,000-$50,000 for COVID-related expenses from March 1, 2020 and April 1, 2021, depending on the business’ annual gross receipts.
The New York State COVID-19 pandemic small business recovery grant program was announced on the heels of the news that the U.S. Small Business Administration’s Restaurant Revitalization Fund quickly ran out of money due to overwhelming demand. However, Congress introduced legislation for a $60 billion replenishment of the restaurant relief fund last week.
Related: Courts are challenging the Biden Administration’s prioritization of women and minorities for restaurant relief grants
"Small businesses are one of the most critical components of New York's economy and were disproportionately impacted by the economic devastation resulting from the COVID-19 pandemic," New York Gov. Andrew Cuomo said in a statement. "As we build New York back better than it was before, this program will help these small businesses -particularly those with socially or economically disadvantaged owners -regain an economic foothold so they can forge ahead toward a brighter, more prosperous future."
Here's what we know about eligibility and the application process for the grant program, which businesses can apply for here:
Related: Here’s what restaurant operators need to know about the restaurant relief grants and the rest of the American Rescue Plan
Small businesses are defined as having fewer than 100 employees. More than 333,000 small businesses, microbusinesses and for-profit independent arts and culture organizations are eligible for this grant program, including 57% of women and minority-owned businesses. Applicants must also have been in business since at least March 1, 2019 or earlier.
Applicants must show a 25% year-over-year revenue loss. Applicants will need to show proof of loss of revenue due to the pandemic and/or COVID-19-related lockdowns and closures by submitting gross receipts.
The grants can have varied uses. Grants can be used to pay bills and costs associated with payroll, rent or mortgage payments, taxes, utilities, PPE or other business expenses incurred between March 1, 2020 to April 1, 2021. Grants may not be used to pay off federal or state-sponsored COVID-19 loans.
Grant awards are calculated based on gross receipts. Annual gross receipts between $25,000-$49,999 will receive $5,000. Gross receipts between $50,000 and $99,999 will receive $10,000 and gross receipts between $100,000-$500,000 will receive 10% of gross receipts (maximum grant is $50,000)
Businesses that already received a Restaurant Revitalization Fund grant are ineligible to apply. Other ineligible businesses include nonprofits, government or religious institutions, lobbying/political entities, landlords and real estate businesses.
Businesses have to submit specific forms/proof of expenses and finances. Required documents include 2019 and 2020 business income tax returns, two proofs of business location and current operation (accepted documents include current lease, utility bill and bank statements), schedule of ownership, proof of number of employees, bank account information, completed IRS forms and proof of business organization.
This is not a first-come, first-serve program. Applications will be reviewed in batches as they come in and the selection process will begin starting June 28. Business type, geography and industry may be taken into account with applications due to high demand.
Grant applications opened June 10 and will remain open until the deadline of July 2.
Contact Joanna at [email protected]
Find her on Twitter: @JoannaFantozzi
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Madison County offers small business COVID-19…
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Madison county offers small business covid-19 recovery.
WAMPSVILLE, N.Y. – Madison County has been awarded a $1,000,000 grant through the New York State Office of Community Renewal. This funding will provide grants up to $75,000 to local small businesses recovering from the COVID-19 pandemic.
The grants are for Madison County small businesses with 25 or fewer employees and they can be used for a variety of purposes to help small businesses mitigate the negative impacts of the pandemic on their business operations. Grants may not be used for construction and a 10 percent cash match is required.
Applicants with fewer than five employees may qualify if they are considered low- or moderate-income. All other applicants must create one or more jobs that are available to low- and moderate-income individuals.
Applications can be downloaded from Madison County at www.madisoncounty.ny.gov/2958/Business-Recovery-COVID-Relief-Fund
The deadline for applications is April 3.
For information or to obtain an application contact Jessica Geary with the Madison County Planning Department at [email protected] or 315-366-2377 or Michael Zimmerman at [email protected] or 716-462-6600.
The Dispatch Staff
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![By PAUL WISEMAN (AP Economics Writer) WASHINGTON (AP) — Maybe it was just too good to be true. For a few weeks in late January and early February, the U.S. economy seemed to have reached a rare sweet spot. Inflation was steadily slowing from painful heights. And growth and hiring remained surprisingly sturdy despite ever-higher […]](https://www.oneidadispatch.com/wp-content/uploads/2023/03/Economy_Vital_Signs_44362-1.jpg?w=525 "By PAUL WISEMAN (AP Economics Writer) WASHINGTON (AP) — Maybe it was just too good to be true. For a few weeks in late January and early February, the U.S. economy seemed to have reached a rare sweet spot. Inflation was steadily slowing from painful heights. And growth and hiring remained surprisingly sturdy despite ever-higher […]")
US economy sending mixed signals: Here’s what it all means
New York's COVID-19 Small Business Recovery Grant: A Guide
Is your small business based in New York and in need of financial assistance? New York State launched a new Business Pandemic Recovery Initiative on June 10th, 2021. The COVID-19 Pandemic Small Business Recovery Grant Program is part of this initiative. The state has allocated $800 million in funding for this program to help New York-based small businesses recover from the pandemic.
What is the New York State COVID-19 Pandemic Small Business Recovery Grant Program?
This COVID-19 grant provides funding to New York-based small and micro businesses and small for-profit independent arts and cultural organizations. The grant is relatively flexible, though you must use it for COVID-19 related losses or expenses.
The state will prioritize socially and economically disadvantaged business owners in disbursing this grant. If you have a minority or women-owned business enterprise, a service-disabled veteran-owned or veteran-owned businesses, or your business is located in a community that was economically distressed prior to March 1st, 2020, your application will be given priority.
How and where do I apply for the grant program?
The application portal opened for applicants on June 10th, 2021 at 9 am ET.
Visit the State of New York Pandemic Small Business Recovery Grant Program page to begin your application.
Who is distributing the grants?
Empire State Development (ESD) is the state’s main business-aid agency. They’re working with the lender, Lendistry, to process applications, determine eligibility, and distribute grants.
ESD will not be partnering with any other lenders, and Lendistry will not charge a fee when you apply.
No other lenders or organizations are authorized to accept applications for the COVID-19 Pandemic Small Business Recovery Grant Program.
Who can apply for funding?
Figuring out if your business is eligible for this latest New York COVID-19 grant will require a clear financial picture of your business, which means you’ll need to know your “gross receipts.”
Gross receipts is the total amount of money your business has received in a given period. It includes sales of products or services, interest, dividends, rents, royalties, fees, or commissions, reduced by returns and allowances.
If you’re up-to-date with your books, your income sources will be easy to review, and you’ll be able to determine your gross receipts.
If all of the following statements apply to your business, you’re eligible to apply for funding:
- You have a New York-based small or micro business, or a for-profit independent arts organization that has been impacted by the pandemic
- Your business was operational before March 1st, 2019, and is still open and operational
- You can show a loss of gross receipts due to the COVID-19 pandemic or compliance with coronavirus health and safety protocols which resulted in business modifications, interruptions, or closures
- Your 2019 or 2020 gross receipts are between $25,000 and $500,000 per year
- Your business has a positive net profit on your 2019 Business Return of $1 or more
- You can show that you’ve had at least a 25% loss in annual gross receipts in a year-to-year revenue comparison as of December 31st, 2020 to the same period in 2019
- Your total expenses on your 2020 Business Income Return are greater than the grant amounts
- Your business complies with applicable federal, state, and local laws, regulations, codes, and requirements
- You don’t owe any federal, state, or local taxes prior to July 15th, 2020, or have an approved repayment or deferral plan in agreement with appropriate federal, state, and local taxing authorities
- Your business didn’t qualify for business grant assistance programs under the federal American Rescue Plan Act of 2021 or any other available federal COVID-19 economic recovery or business assistance grant programs, including loans forgiven under the federal Paycheck Protection Program, or you are unable to obtain sufficient business assistance from such federal programs
Keep in mind that, because of the limited amount of grant funding and the high volume of requests expected, your business type, geography, and industry may factor into your ability to receive a grant.
Which businesses are ineligible for funding?
- All non-profits, churches, and other religious institutions
- Government-owned entities or elected official offices
- Businesses primarily engaged in political or lobbying activities
- Businesses that received awards from the SBA Restaurant Revitalization Fund Grant Program
- Landlords and passive real estate income businesses
- Illegal businesses or enterprises
What if I’ve already received federal assistance?
You may still be able to apply if you’ve received or been awarded the following federal assistance:
- Paycheck Protection Program loans totaling $100,000 or less
- COVID-19 Economic Injury Disaster Loan (EIDL) Advance Grant of $10,000 or less
- COVID-19 EIDL Supplemental Targeted Advance Grant of $5,000 or less
- SBA Shuttered Venue Operators Grant of $150,000 or less
How much funding can I get from New York’s COVID grant?
Your business’s annual gross receipts for 2019 will be used to calculate your grant.
For businesses with annual gross receipts between $25,000 – $49,999.99, the grant is $5,000 per business.
For annual gross receipts between $50,000 – $99,999.99, businesses are eligible for awards of $10,000 per business.
For businesses with annual gross receipts between $100,000 – $500,000, awards will be 10% of gross receipts, to a maximum grant of $50,000.
The minimum grant amount available is $5,000 and the maximum amount is $50,000.
Where can I find my gross receipts and net profit amounts?
- Line 1A, IRS Form 1120 or 1065
- Line 1, IRS Form 1040 Schedule C
- Line 28, IRS Form 1120
- Line 22, IRS Form 1065
- Line 31, IRS Form 1040 Schedule C
What do I need to submit with my application?
- For corporations and LLCs – include IRS Form 1120
- For partnerships – include IRS Form 1065 and Schedule K-1
- For sole proprietors – include IRS Form 1040 Schedule C
- Completed IRS Form 4506-C
- Current lease
- Utility bill
- Current business bank statement
- Current business mortgage statement
- Business credit card statement
- Professional insurance bill
- Payment processing statement
- NYS ST-809 or ST-100 sales tax collection documentation
- Schedule of ownership: Listing of names, addresses, Social Security Numbers or Individual Taxpayer Identification Numbers, phone numbers, e-mails, percentage ownership, and photo ID for any owners with more than 20% ownership of the business
- Proof of number of employees: Most recently submitted NYS-45 document for employer firms
- For funds distribution: W-9 and bank account information
How can I spend the grant?
Qualifying businesses must use grants for COVID-19 related financial losses or expenses incurred between March 1st, 2020 and April 1st, 2021.
These include:
- Payroll costs
- Commercial rent or mortgage payments for NYS-based property (but not for any rent or mortgage prepayments)
- Payment of local property or school taxes associated with a small business location in NYS
- Insurance costs
- Utility costs
- Costs of personal protection equipment (PPE) necessary to protect worker and consumer health and safety
- Heating, ventilation, and air conditioning (HVAC) costs
- Other machinery or equipment costs
- Supplies and materials necessary for compliance with COVID-19 health and safety protocols
- Other documented COVID-19/coronavirus-related costs as approved by the ESD
Are any expenses ineligible?
Grants awarded under the COVID-19 Pandemic Small Business Recovery Grant Program may not be used to re-pay or pay down any portion of a loan obtained through a federal COVID-19 relief package for business assistance or any New York State business assistance programs.
How Bench can help
New Yorkers, do you need more help navigating the changing landscape of financial relief programs? Having a Bench bookkeeper on your side can help you provide clear financial statements for your next grant application. Whether you plan to grow your business or make important cost-cutting decisions, bookkeeping can help you get a better picture of your business’s financial health.
Additional resources
- 2021 Ultimate List of U.S Small Business Grants
- 2021 U.S. Small Business Tax Checklist
- The American Rescue Plan: A Summary For Small Businesses
- PPP Lenders Accepting Forgiveness Applications in 2021
- COVID-19 Financial Relief for Business Owners (FAQ)
- New York State Taxes For Small Businesses: An Overview
This post is to be used for informational purposes only and does not constitute legal, business, or tax advice. Each person should consult his or her own attorney, business advisor, or tax advisor with respect to matters referenced in this post. Bench assumes no liability for actions taken in reliance upon the information contained herein.
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Lendistry Ny Grant Login
Log in Contractor Financing Are you an applicant or customer of one of Lendistry's Contractor Financing Programs? Log in Grants Powered by Lendistry Are you an applicant for a special grant program being administered by Lendistry ? Please access all information and login links through the individual grant program pages. Grant Programs What is required for Lendistry to review my application? For your application to be reviewed by Lendisry, the following items must be completed in Lendistry's Portal: Fill in all fields in the application form; Upload all required documents; Verify your bank account via Plaid; and Verify your identity via Persona
New York State Seed Funding Grant Program Login to Existing Application Important 1099 Tax Form Information Grant proceeds are taxed. If you received a grant from the New York State Seed Funding Grant Program in 2022, you will need to report it on your upcoming 2022 tax returns. What is required for Lendistry to review my application? For your application to be reviewed by Lendisry, the following items must be completed in Lendistry's Portal: Fill in all fields in the application form;. The New York State Seed Funding Grant Program (the Program) was created to provide assistance to early-stage small businesses to.
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Lendistry | Grants & Special Programs Financing With a Focus Lendistry is proud to serve as selected partner, administrator, or intermediary for a number of special programs and make them available to qualified business owners and entrepreneurs. Check back often as these programs frequently change.
Once signed in, you may elect to opt-in to download your 1099 tax form electronically or opt-out to receive it by mail. For questions or assistance with accessing your 1099 2022 tax form please contact Lendistry's dedicated customer service team at (888) 870-2203 (Monday - Friday, 8:00 a.m.-5:00 p.m. PST) or [email protected]
For questions or assistance with accessing your 1099 2022 tax form please contact Lendistry's dedicated customer service team at (888) 870-2203 (Monday - Friday, 8:00 a.m.-5:00 p.m. PST) or [email protected] Lendistry is a minority-led small business lender. To support small businesses, we offer business loans, commercial real estate.
The NYC Small Business Resilience Grant Program is funded by the NYC Department of Small Business Services (SBS) and administered by Lendistry . Thank you for your interest in the NYC Small Business Resilience Grant . Grant awards are no longer available, and this program is now closed.
To apply for grants , organizations must register with the Grants Gateway. Once an organization has registered, its users can login and review existing grant applications or start a new application from the Grants Gateway Home page. Grant applications cannot be initiated from the Grant Opportunity Portal. Reminder: Nonprofit organizations must.
Contact Us. Lendistry Call Center (855) 476-5870 Monday-Friday 9am - 8pm ET
As a result, existing applicants will be reexamined for eligibility and contacted by Lendistry via email. Please do not submit a new application. Existing applicants that submit a new application may be detected as potential fraud and disrupt the reexamination process.
Please check your email, phone call history, and voicemails for all communication from Lendistry .Tip: Search for " Lendistry " or "@ lendistry .com" in your email inbox. Please review the full eligibility requirements here. For questions or additional assistance, please contact our dedicated Call Center at (888) 612-4370, Monday through.
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The New York State COVID-19 Pandemic Small Business Recovery Grant Program was created to provide flexible grant assistance to currently viable small businesses, micro-businesses and for-profit independent arts and cultural organizations including independent arts contractors in the State of New York who have experienced economic hardship due to …
Governor Kathy Hochul today announced changes to New York State's $800 million COVID-19 Pandemic Small Business Recovery Grant Program that will enable more small businesses to apply for funding. Starting today, businesses with revenues up to $2.5 million can apply for grants, up from the previous threshold of $500,000.
New York State Business Recovery Programs New York State Small Business Seed Funding Grant Program $200 million in grant funding to early stage small and micro businesses and for-profit independent arts and cultural organizations impacted by the pandemic. Click Here COVID-19 Capital Costs Tax Credit Program
The NYC Small Business Recovery Loan program is a $100 million fund, partly funded with private capital, dedicated to helping small businesses retain staff and keep their doors open.
The New York State COVID-19 Pandemic Small Business Recovery Grant Program • The NYS COVID-19 Pandemic Small Business Recovery Grant Program was created to provide flexible grant assistance to currently viable small businesses, micro-businesses and for-profit independent arts and cultural organizations who
The state will also be launching an ad campaign to promote this program to small businesses, as well as an array of other pandemic recovery programs. Grants will be for a minimum award of $5,000 and a maximum award of $50,000 and will be calculated based on a New York State business' annual gross receipts for 2019.
The New York State COVID-19 Pandemic Small Business Recovery Grant Program is offering a grant between $5k - $50k to eligible small businesses. This includes 1099 workers / Schedule C as well. Update 9/15/2022 - Two Separate Business Grants This article is for a grant called "Recovery Grant".
The Federal Home Loan Bank of New York's (FHLBNY) Small Business Recovery Grant (SBRG) Program was developed in response to the 2017 hurricanes in Puerto Rico and the U.S. Virgin Islands. In 2020, the SBRG program was relaunched in response to the Coronavirus pandemic to help alleviate the challenges small businesses faced across our District ...
Started in August 2021, this grant program was created for small businesses, micro-businesses, and for-profit independent arts and cultural organizations in New York State. Its aim is to provide these businesses with economic assistance for hardship from the COVID-19 pandemic.
The amount of grant you can get under the New York State COVID-19 Pandemic Small Business Recovery Grant Program depends on the gross receipts for 2019. Your business must have...
Provides an exclusion from income, to the extent includable, for amounts received pursuant to the COVID-19 pandemic small business recovery grant program, established in section 16-ff of the New York state urban development corporation act.
This program is designed to help small (less than 100 employees) independently owned food and beverage establishments in New York City bring staff back to work. Qualifying businesses are eligible for a tax credit of $5,000 per new worker hired, up to $50,000 per business.
Chapter 59, New York State Laws of 2022; Description. State entities will administer $2.1 billion of support for small business recovery, including: $600 million of federal funds administered by Empire State Development for the small business credit incentive program to increase access to credit for small businesses impacted by the pandemic.
State of New York Pandemic Small Business Recovery Grant Program
New York State announced Thursday the launch of an $800 million small business recovery grant program, offering small businesses and for-profit art/cultural institutions the opportunity to receive ...
March 2, 2023 at 3:00 p.m. WAMPSVILLE, N.Y. - Madison County has been awarded a $1,000,000 grant through the New York State Office of Community Renewal. This funding will provide grants up to ...
New York State launched a new Business Pandemic Recovery Initiative on June 10th, 2021. The COVID-19 Pandemic Small Business Recovery Grant Program is part of this initiative. The state has allocated $800 million in funding for this program to help New York-based small businesses recover from the pandemic.
Small businesses across New York state can start applying for up to $50,000 in grants next month as part of New York's $800 million small business recovery grant program. Applications for the ...
Contact Lendistry about how we can help your small business. Fill out our form to be contacted or call 888-594-7270. Finance Your Business. Business Lending;. NY State Seed Funding Grant NY State Recovery Grant. Products. Business Lending Commercial Real Estate Contractor Finance Grants and Special Programs New Markets Tax Credits SBA Loans