WEDC: New Updates to the NYS Recovery Grant Program

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.