Empire State Development announced today that the New York State COVID-19 Pandemic Small Business Recovery Grant Program, which was created to provide flexible grant assistance to currently viable small businesses, micro-businesses and for-profit independent arts and cultural organizations in New York that have experienced economic hardship due to the COVID-19 pandemic, is now open. The program is administered by ESD and powered by Lendistry.
Grant awards will be calculated based on a business’ annual gross receipts for 2019:
- Annual gross receipts = $25,000-$49,999: $5,000/business;
- Annual gross receipts = $50,000-$99,999: $10,000/business; and
- Annual gross receipts = $100,000-$500,000: 10% of gross receipts (max grant is $50,000).
For eligibility requirements and more information regarding the New York State COVID-19 Pandemic Small Business Recovery Program, and to begin your application, please visit www.nysmallbusinessrecovery.com