Monetary aid by the use of grants is out there for small enterprise house owners in New York State. That is all because of the $1 billion in small enterprise pandemic aid packages for minority and girls owned companies, entrepreneur mentorship and extra.
On Monday, Anna Kaplan, chair of New York State Senate Committee on Commerce, Financial Growth, and Small Enterprise, spoke in regards to the grants and aid for small companies within the not too long ago enacted state finances.
Now, the state is searching for to type grassroots partnerships to assist get these sources into the group via trusted messengers.
“The pandemic has been devastating to New York’s small enterprise group, they usually want our assist in the event that they’re going to outlive these difficult occasions,” Kaplan mentioned in a press release. “I’m proud to have fought to convey again over a billion {dollars} in grants and different help for our small companies within the State finances, and because the program rolls out statewide, I encourage each small enterprise proprietor to use for the help they want and deserve.”
“Native companies are working to construct again from the influence of coronavirus rules,” Eric Alexander, director of Imaginative and prescient Lengthy Island and Lengthy Island Principal Road Alliance, mentioned in a press release. “These grants out there from New York State can start to stage the taking part in subject as we work in direction of a restoration that helps our native communities.”
Small enterprise initiatives included within the not too long ago enacted 2021-2022 State Funds embody:
$800 Million for The COVID-19 Pandemic Small Enterprise Restoration Grant Program. This new program will present direct grants, which don’t have to be repaid, to small companies who misplaced income or suffered financial hurt because of the pandemic. Companies with 100 or fewer workers will qualify, and this system can be designed to make sure that microbusinesses with 10 or fewer workers will not be neglected of the method. Grant funding can be utilized to pay hire, mortgage prices, operational bills, payroll, insurance coverage, utilities, compensation of native property or college taxes related to a enterprise’s location, PPE bills, air flow upgrades required to adjust to COVID security rules, and some other documented COVID-19 associated prices incurred during the last yr.
New York State Restaurant Resiliency Program: $25 million in grants to eating places offering free meals to economically deprived people in economically distressed communities to cowl their operational and materials prices of meal preparation, provisions, and supply.
Arts & Cultural Group Restoration Grant Applications: $40 million in grants to nonprofit arts and cultural establishments for working prices, mortgage/hire, tools, and different associated prices. This grant program can be facilitated and administered by the New York State Council on the Arts.
NYC Musical and Theatrical Manufacturing Tax Credit score: This two-year, $100 million tax credit score program will assist the Broadway tourism sector to get well from COVID shutdowns.
Restaurant Return to Work Credit score: Offers $35 million in refundable tax credit for eating places that had been topic to an prolonged ban on indoor eating.
Along with appropriating the monetary sources for these packages, the finances additionally makes out there a portion of those funds to assist the state conduct outreach and supply technical help to small enterprise house owners to make sure that these funds attain the smallest of companies in each nook of our group, not simply those that are effectively related and have employees devoted to searching for such funding.
Kaplan mentioned that it’s “crucial that these grants get within the arms of the small companies who want them instantly, and I’m thrilled that Empire State Growth is working to develop a grassroots outreach effort, probably together with chambers of commerce as skilled outreach consultants, as a way of reaching each small enterprise in our group.”
Source link
