Governor Andrew M. Cuomo at the moment introduced that functions at the moment are open for the $800 million COVID-19 Pandemic Small Business Recovery Grant Program. This system reimburses New York small companies with grants of as much as $50,000 for COVID-related bills incurred between March 1, 2020 and April 1, 2021. Grants might be awarded to small and micro companies and small for-profit unbiased arts and cultural organizations, with precedence being given to socially and economically deprived enterprise homeowners, together with minority- and women-owned enterprise enterprises, service-disabled veteran-owned companies and veteran-owned companies, and companies situated in economically distressed communities.
“Small companies are probably the most important parts of New York’s financial system and had been disproportionately impacted by the financial devastation ensuing from the COVID-19 pandemic,” Governor Cuomo stated. “As we construct New York again higher than it was earlier than, this program will assist these small companies -particularly these with socially or economically deprived homeowners -regain an financial foothold to allow them to forge forward towards a brighter, extra affluent future.”