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Governor Hochul recently announced changes to the NYS COVID-19 Pandemic Small Business Recovery Grant Program that will allow more small businesses to apply for funding. Now a business that had gross receipts of up to $2,500,000 in 2019 or 2020 is eligible to apply. Also, the limit on the Paycheck Protection Program has increased; if a business received $250,000 or less in PPP loans they are also now eligible to apply. Please see Governor Hochul’s press release here:  https://www.governor.ny.gov/news/governor-hochul-announces-expanded-eligibility-800-million-covid-19-pandemic-small-business

Applications filed in the first phase that are pending and/or haven’t submitted all their documents must complete their applications by September 10, 2021!

Also new applications submitted on and after August 25th will begin to be processed on September 8.

One last very important point: businesses must have a bank account to receive funding!

Applicants can find assistance to complete the application here:  https://nysmallbusinessrecovery.com/partners/county/

 

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