Small business grants of up to $50K now available
Small businesses on Long Island can now apply for grants of up to $50,000 from New York State’s COVID-19 Pandemic Small Business Recovery Grant Program.
Grants will be awarded to small and micro businesses and small for-profit independent arts and cultural organizations, with priority being given to socially and economically disadvantaged business owners, including minority- and women-owned business enterprises, service-disabled veteran-owned businesses and veteran-owned businesses, and businesses located in economically distressed communities.
Grant awards, which start at a minimum of $5,000, are calculated based on business’ annual gross receipts for 2019. Reimbursable COVID-19 related expenses must have been incurred between March 1, 2020 and April 1, 2021.
Those expenses covered by the grants can include payroll costs; commercial rent or mortgage payments; payment of local property or school taxes; insurance costs; utility costs; costs of personal protection equipment necessary to protect worker and consumer health and safety; heating, ventilation, and air conditioning costs; and machinery or equipment costs.
For more information or to apply visit www.nysmallbusinessrecovery.com