In an attempt to give New York’s smallest businesses money to help them recover, a new grant program run by the state’s economic development arm is opening for applications Thursday.
The Pandemic Small Business Recovery Grant fund, set up by Empire State Development, totals $800 million and is available for companies whose revenue last year was $500,000 or less.
“Giving the low cap for business revenue is a nod to the community who has been left out,” said Ahyoung Kim, associate director of small-business programs at the Asian American Federation. “They have not had the capacity to apply to other programs.”
The opening of another relief option is a
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