- June 16, 2021
- Posted by: Stratford Team
- Category: Business
File photo courtesy of NYCDOT
A Queens lawmaker is calling on local small business that struggled during the pandemic to apply for a recovery grant program passed as part of the state Legislature’s budget in April.
The $800 million COVID-19 Pandemic Small Business Recovery Grant Program is set to provide loans from $5,000 to $50,000 to eligible small businesses and independent arts and cultural organizations in New York state.
According to Assemblyman Edward Braunstein, who is a member of the Assembly’s Working Group on Transitioning N.Y. Economy Toward COVID-19 Recovery, grants will be calculated based on a business’s annual gross receipts for 2019.
“The heart of New York City’s economy is our thousands of small businesses and restaurants, where owners and their…
