NYC Employee Retention Grant Program Applications End Friday
From SBS NYC Website:
Mayor Bill de Blasio announced on March 8 that the City will provide relief for small businesses across the City seeing a reduction in revenue because of COVID-19.
The City moved swiftly to provide services to businesses that have up to four employees. The NYC Employee Retention Grant Program will officially stop accepting applications on Friday, April 3, 2020, at 5 p.m. Businesses seeking assistance can access the NYC Small Business Continuity Loan Fund and apply to programs from the U.S. Small Business Administration (SBA) listed below.
NYC Employee Retention Grant Program
The City is offering small businesses with fewer than 5 employees a grant to cover 40% of payroll costs for two months to help retain employees.
Eligibility Criteria for the NYC Employee Retention Grant Program
Businesses, including non-profits, must:
Be located within the five boroughs of New York City
Demonstrate that the COVID-19 outbreak caused at least a 25% decrease in revenue
Employ 1-4 employees in total across all locations
Have been in operation for at least 6 months
Have no outstanding tax liens or legal judgments
Apply before you miss out.