We are very pleased to announce that the first storm-impacted businesses have been approved for grants through New York State’s Small Business Storm Recovery Program. Through this Program, businesses that were impacted by Superstorm Sandy, Hurricane Irene or Tropical Storm Lee are eligible for grants of $50,000 or more to help replace physical items such as machinery, moveable equipment, inventory, furniture and fixtures, as well as help with the day to day expenses entrepreneurs need to run their businesses.
Further, the Program is able to provide grants to reimburse businesses that already purchased these physical items to get their business back up and running. In both cases, the grants would cover “uncompensated costs” above and beyond those covered by insurance proceeds, grant programs and other government resources.
As a first step, businesses should contact their local Small Business Development Center (SBDC) office, where an SBDC business advisor will provide free assistance with completing the streamlined application process. For a list of SBDC locations in your community, please visit http://www.nysandyhelp.ny.gov/sites/default/files/documents/businesscenterlocations.pdf.
keep in mind that funds will also be available in the near
future for real property repair and rehabilitation; and that
application and receipt of funds for any of the above
items does not exclude businesses from applying for
repair or rehabilitation funding in the future.
To learn more about the Small Business Grant, Small Business Loan and Small Business Coaching Programs, please visit http://stormrecovery.ny.gov/businesses
To learn more about the Business Mentorship Program,
To learn more about the Business Mentorship Program, please visit http://stormrecovery.ny.gov/business-mentorship-program