skip to main content
X

NEW YORK OPENS $800M COVID-19 SMALL BUSINESS RECOVERY GRANT PROGRAM

NEW YORK OPENS $800M COVID-19 SMALL BUSINESS RECOVERY GRANT PROGRAM

Beginning June 10, applications have opened for New York small business may receive grants of up to $50,000 for COVID-related expenses incurred between March 1, 2020, and April 21, 2021. Grants will be awarded to small and micro businesses and small not-for-profit independent arts and cultural organizations.

Eligible reimbursable expenses include:

  • Payroll costs
  • Commercial rent or mortgage payments for NYS-based property
  • 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 cost
  • Other machinery or equipment costs
  • Supplies and materials necessary for compliance with COVID-19 health and safety protocols

Grants will be for a minimum award of $5,000 and a maximum of $50,000 based upon the business’s annual gross receipts from 2019. Applicants must not have qualified for business grant assistance programs under the federal American Rescue Plan Act of 2021 or any other available federal COVID-19 economic recovery or business assistance grant programs.

For applicants who did receive assistance from such federal programs, the amount received must not have been sufficient business assistance. Applicants who received PPP loans totaling $100,000 or less, EIDL Advance Grant of $10,000 or less, EIDL Supplemental Targeted Advance Grant of $5,000 or less, or the SBA Shuttered Venue Operator Grant are eligible.

Further information regarding the grant, documentation, and eligibility requirements may be found here.

The application process may be found here.

 

06/14/2021

HAVE A QUESTION?

Please complete this form to hear from one of our seasoned tax professionals

Hide Firm Disclaimer

©2021 UHY LLP. ALL RIGHTS RESERVED.

UHY LLP is a licensed independent CPA firm that performs attest services in an alternative practice structure with UHY Advisors, Inc., and its subsidiary entities. UHY Advisors, Inc.’s subsidiaries, including UHY Consulting, Inc., provide tax and business consulting services through wholly owned subsidiary entities that operate under the name of “UHY Advisors” and “UHY Consulting”. UHY Advisors, Inc., and its subsidiary entities are not licensed CPA firms. UHY LLP, UHY Advisors, Inc. and UHY Consulting are U.S. members of Urbach Hacker Young International Limited, a UK company, and form part of the international UHY network of legally independent accounting and consulting firms. “UHY” is the brand name for the UHY international network. Any services described herein are provided by UHY LLP, UHY Advisors and/or UHY Consulting (as the case may be) and not by UHY or any other member firm of UHY. Neither UHY nor any member of UHY has any liability for services provided by other members.

On this website, (i) the term "our firm", "we" and terms of similar import, denote the alternative practice structure conducted by UHY LLP and UHY Advisors, Inc. and its subsidiary entities, and (ii) the term "UHYI" denotes the UHY international network, in each case as more fully described in the preceding paragraph.