Small Business Recovery Grant Program

New York State has announced the $800 million Small Business Recovery Grant Program to benefit certain small businesses doing business in New York State. The purpose of the program is to reimburse eligible small businesses for a broad range of business expenses incurred between March 1, 2020, and April 1, 2021.

To be eligible to receive a Small Business Recovery Grant, an applicant business must meet the following requirements:

• Be currently viable and must have been in business on or before March 1, 2019;
• Have no more than one hundred (100) employees;
• Have demonstrable economic hardship as a result of the COVID-19 pandemic;
• Meet the following economic requirements:
• ­2019 or 2020 gross receipts between $25,000 and $500,000 per year;