NYS COVID-19 Pandemic Small Business Recovery Grant Program was made to help small businesses just like yours. Now expanded for businesses with revenues up to $2.5M and PPP loans up to $250K.
What is it?
The NYS COVID-19 Pandemic Small Business Recovery Grant Program (the “Program”) was created to provide flexible grant assistance to currently viable small businesses, micro-businesses and for-profit independent arts and cultural organizations who have experienced economic hardship due the COVID-19 pandemic.
Who is eligible?
Small businesses, micro-businesses and for-profit independent arts and cultural organizations must be currently viable and have begun operation on or before March 1, 2019, and continue to be in operation as of the date of application (may be shuttered due to COVID restrictions).
Eligible Applicants will be required to show loss of gross receipts or other economic hardship as a result of the COVID-19 pandemic or compliance with COVID-19 health and safety protocols which resulted in business modifications, interruptions, or closures.
Grant awards will be calculated based on a business’ annual gross receipts for 2019:
• Annual gross receipts: $25,000-$49,999: Award is $5,000/business
• Annual gross receipts: $50,000-$99,999: Award is $10,000/business
• Annual gross receipts: $100,000-$2,500,000: Award is 10% of gross receipts (maximum grant is $50,000)
For eligibility requirements and more information regarding the New York State COVID-19 Pandemic Small Business Recovery Program, please visit www.nysmallbusinessrecovery.com
The program is administered by ESD and powered by Lendistry.