Author Topic: NY Small Business Grant Program  (Read 4110 times)

Offline cgr

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NY Small Business Grant Program
« on: June 02, 2021, 02:38:05 PM »
Provides up to $50,000 to eligible New York small businesses that have less than 100 employees.
The program will open on June 10, 2021.
https://esd.ny.gov/pandemic-small-business-recovery-grant-program

Details in my signature block below- here's a quick overview:

Eligibility
-Must have been in operation on March 1, 2019, and must be currently active
-Must have 2019 or 2020 gross receipts of more than $25,000 and less $500,000
-Must have 2019 net profit of $1 or more
-Must show a decrease in gross receipts of at least 25% when comparing 2020 to 2019
-Must not have received more than $100,000 in PPP (total from both rounds)
-Nonprofits are not eligible for this grant
-Landlords (passive income) are not eligible for this grant

Grant
-2019 gross receipts of $25,000-$49,999: Grant is $5,000
-2019 gross receipts of $50,000-$99,999: Grant is $10,000
-2019 gross receipts of $100,000-$500,000: Grant is 10% with a maximum of $50,000
-Grant request cannot exceed total 2020 expenses reported on the tax return

Offline myi

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Re: NY Small Business Grant Program
« Reply #1 on: June 03, 2021, 05:30:28 AM »
Provides up to $50,000 to eligible New York small businesses that have less than 100 employees.
The program will open on June 10, 2021.
https://esd.ny.gov/pandemic-small-business-recovery-grant-program

Details in my signature block below- here's a quick overview:

Eligibility
-Must have been in operation on March 1, 2019, and must be currently active
-Must have 2019 or 2020 gross receipts of more than $25,000 and less $500,000
-Must have 2019 net profit of $1 or more
-Must show a decrease in gross receipts of at least 25% when comparing 2020 to 2019
-Must not have received more than $100,000 in PPP (total from both rounds)
-Nonprofits are not eligible for this grant
-Landlords (passive income) are not eligible for this grant

Grant
-2019 gross receipts of $25,000-$49,999: Grant is $5,000
-2019 gross receipts of $50,000-$99,999: Grant is $10,000
-2019 gross receipts of $100,000-$500,000: Grant is 10% with a maximum of $50,000
-Grant request cannot exceed total 2020 expenses reported on the tax return
Interesting.

Thanks for sharing.
Don't try to be someone else , be who you are because everyone else is taken.

Online Ver hut gazugt

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Re: NY Small Business Grant Program
« Reply #2 on: June 03, 2021, 01:40:05 PM »
Provides up to $50,000 to eligible New York small businesses that have less than 100 employees.
The program will open on June 10, 2021.
https://esd.ny.gov/pandemic-small-business-recovery-grant-program

Details in my signature block below- here's a quick overview:

Eligibility
-Must have been in operation on March 1, 2019, and must be currently active
-Must have 2019 or 2020 gross receipts of more than $25,000 and less $500,000
-Must have 2019 net profit of $1 or more
-Must show a decrease in gross receipts of at least 25% when comparing 2020 to 2019
-Must not have received more than $100,000 in PPP (total from both rounds)
-Nonprofits are not eligible for this grant
-Landlords (passive income) are not eligible for this grant

Grant
-2019 gross receipts of $25,000-$49,999: Grant is $5,000
-2019 gross receipts of $50,000-$99,999: Grant is $10,000
-2019 gross receipts of $100,000-$500,000: Grant is 10% with a maximum of $50,000
-Grant request cannot exceed total 2020 expenses reported on the tax return

I should not complain as the government is giving out so much money.
But limiting the gross takes out a lot of retail businesses and restaurants. In favor of service businesses.

Offline cgr

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Re: NY Small Business Grant Program
« Reply #3 on: June 10, 2021, 01:29:36 PM »
Program went live about an hour ago.
Good luck with the requirements.

Offline Jack345

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Re: NY Small Business Grant Program
« Reply #4 on: June 10, 2021, 02:42:22 PM »
On the application it's not allowing me to choose a state, anyone else have this issue?

Offline AsherO

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Re: NY Small Business Grant Program
« Reply #5 on: June 10, 2021, 09:32:32 PM »
Program went live about an hour ago.
Good luck with the requirements.

Interpreting them of meeting them? Linky please?

Offline cgr

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Re: NY Small Business Grant Program
« Reply #6 on: June 10, 2021, 09:39:25 PM »
Interpreting them of meeting them? Linky please?
A little of both...
https://nysmallbusinessrecovery.com/

Offline AsherO

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Re: NY Small Business Grant Program
« Reply #7 on: June 10, 2021, 10:47:46 PM »
A little of both...
https://nysmallbusinessrecovery.com/

Idk, looks to me like I mostly qualify, need to check one qualification.

Offline momo

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Re: NY Small Business Grant Program
« Reply #8 on: June 10, 2021, 10:59:59 PM »
If i identify as a women, do i have a better chance of getting it?

Offline Dreidel

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Re: NY Small Business Grant Program
« Reply #9 on: June 11, 2021, 10:21:22 AM »
On first page of application they ask for a "referral partner" and I'm just unable to open the drop-down menu or type anything. It wouldn't let me continue without it.

Wondering if anyone was successful

Offline cgr

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Re: NY Small Business Grant Program
« Reply #10 on: June 11, 2021, 11:02:47 AM »
On first page of application they ask for a "referral partner" and I'm just unable to open the drop-down menu or type anything. It wouldn't let me continue without it.

Wondering if anyone was successful
One option is "Not Applicable"

Offline Dreidel

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Re: NY Small Business Grant Program
« Reply #11 on: June 11, 2021, 11:34:59 AM »
One option is "Not Applicable"
It was an internet filter issue. I asked Gentech to unblock entire site and it worked.
Thanks anyway

Online Ver hut gazugt

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Re: NY Small Business Grant Program
« Reply #12 on: June 11, 2021, 01:38:49 PM »
If i identify as a women, do i have a better chance of getting it?

Why not, it says they prefer woman owned businesses.

Offline TBD

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Re: NY Small Business Grant Program
« Reply #13 on: June 30, 2021, 08:28:57 PM »
If i identify as a women, do i have a better chance of getting it?
at least identify you already as an African American Asian Women

Offline TBD

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Re: NY Small Business Grant Program
« Reply #14 on: August 20, 2021, 04:32:43 PM »
Anyone Applied for this program?

Offline cgr

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Re: NY Small Business Grant Program
« Reply #15 on: August 20, 2021, 04:38:00 PM »
Anyone Applied for this program?
I'm doing a bunch of applications.

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Re: NY Small Business Grant Program
« Reply #16 on: August 20, 2021, 04:41:26 PM »
I'm doing a bunch of applications.
What's the turnaround time till approval?

Offline cgr

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Re: NY Small Business Grant Program
« Reply #17 on: August 20, 2021, 04:47:42 PM »
What's the turnaround time till approval?
Depends if the applicant is priority or not.
If not, they haven't even started selecting those applications. If it does qualify for priority, then up to two months to get chosen (or as little as 2 weeks), and then another 2-3 weeks for review.

Offline TBD

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Re: NY Small Business Grant Program
« Reply #18 on: August 20, 2021, 05:06:33 PM »
Depends if the applicant is priority or not.
If not, they haven't even started selecting those applications. If it does qualify for priority, then up to two months to get chosen (or as little as 2 weeks), and then another 2-3 weeks for review.
Did they report how many applications were approved already and total $ granted?

Offline AsherO

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Re: NY Small Business Grant Program
« Reply #19 on: August 20, 2021, 07:24:36 PM »
Depends if the applicant is priority or not.
If not, they haven't even started selecting those applications. If it does qualify for priority, then up to two months to get chosen (or as little as 2 weeks), and then another 2-3 weeks for review.

Explains why I havenít gotten a response yet, I guess Iím not priority :P