NY Budgets $800M For Small Business Rent Grants

Gothamist reports:

Restaurants and shops that fell behind on their rent and other expenses during the COVID-19 pandemic will soon be able to apply for additional grants. New York’s new state budget includes $800 million in direct cash assistance for small businesses.

State Assemblyman Harvey Epstein [photo] of Manhattan, who had been lobbying for the aid, said the package sets priorities: businesses with 100 or fewer employees; those with 10 or fewer; and those owned by women and minorities.

“So everyone should apply, but people who are small are going to get a leg up,” he explained. “It’s not going to cover everyone’s rent payment across the state. But I think we will see a lot of people getting a lot of assistance for rent, taxes, utilities.”

Read the full article.

New York’s new state budget includes $800 million in direct cash assistance for small businesses.

“Everyone should apply, but people who are small are going to get a leg up,” State Assemblyman Harvey Epstein explained. https://t.co/4Epoz9g3YB

— WNYC ? (@WNYC) April 8, 2021