NYS COVID-19 Pandemic Small Business Recovery Grant Program

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New York State COVID-19 Pandemic Small Business Recovery Grant Program is rolling out with a plan to get small businesses who suffered financially during the pandemic back on your feet. Here’s what you need to know to apply:

Program Basics:

1. Administered by Empire State Development Corp. (esd.ny.gov).

2. To qualify, "small and micro" businesses must be able to show Gross Receipts between $25,000 and $500,000 in 2020 or 2019 and demonstrate at least a 25% loss in Gross Receipts in a year to year revenue comparison as of 12/31/2020 to the same period in 2019.

3. "For-profit independent arts and cultural organizations" are also eligible (but there are conditions about having received other relief funds so you must read the instructions for applying carefully).

3. Grant amounts: $5,000 to $50,000 depending size of the business (measured by Gross Receipts).

4. Applications: first date to file is June 10 2021 (tentative).

CSCC