Up to $800M in new pandemic relief available to small businesses in New York state – The Daily Freeman

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Up to $800M in new pandemic relief available to small businesses in New York state – The Daily Freeman

SAUGERTIES, N.

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SAUGERTIES, N.Y. — Financial assistance for small businesses in New York will be available soon from the state’s Pandemic Small Business Recovery Grant Program, Sen. Michelle Hinchey said Tuesday.

During a morning press conference, Hinchey, D-Saugerties, said up to $800 million will be provided to small businesses. She said the funding will be available to small businesses with 100 or fewer employees and micro-businesses with 10 or fewer employees, including small for-profit independent arts and cultural organizations.

“We can’t just talk about the importance of small businesses in our communities, we need to act and give them the resources to get back on their feet,” Hinchey said in a statement. “The Small Business Recovery Grant Program will do just that.”

Online applications for the program will be accepted starting at 9 a.m. Thursday, June 10.

Hinchey, who serves on the state Senate’s Economic Development and Small Business Committee, said she fought for a relief program for small businesses to help them recover from the COVID-19 pandemic. She said the small business grants from the state are a source of direct economic relief and do not have to be paid back.

“This budget season, we went to bat for our Main Street businesses, and I’m proud to announce that funding is finally on the way to give them the relief they need,” Hinchey said, encouraging all eligible business owners to take advantage of the funding.

Businesses can apply for grants of $5,000 to $50,000 to cover pandemic-related operating expenses incurred between March 1, 2020, and April 1, 2021, according to Hinchey’s office. Those expenses can include payroll costs, commercial rent or mortgage payments for New York state-based property, payment of local property or school taxes, insurance costs, utility costs, costs for personal protection equipment, and supplies and materials necessary for compliance with COVID health and safety protocols.

Grant allocations will be calculated on the basis of a business’ annual gross receipts for 2019, the senator’s office said. The funds will be administered through the Empire State Development Corp., and priority will be given to small businesses that did not qualify for federal assistance or did not receive sufficient federal aid, as well as veteran-owned businesses and minority- and women-owned business enterprises.

Hinchey said her staff will be available to help with the application process.

Hinchey represents New York’s 46th Senate District, which comprises part of Ulster County, all of Greene and Montgomery counties, and parts of Albany and Schenectady counties.

Ulster County Regional Chamber of Commerce President Ward Todd said in a statement that many local small businesses and not-for-profit organizations continue to struggle to pay their bills, make payroll and keep their doors open.

“These grants have the potential to be a lifesaver for many Ulster County Main Street businesses,” Todd said.

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