Establishes the "save our small-business grant program" to aid small businesses impacted by the COVID-19 pandemic.
New York A04101 establishes the "save our small-business grant program" to aid small businesses impacted by the COVID-19 pandemic. The program, developed by the division for small businesses in conjunction with regional economic development councils, will provide grants up to $50,000 to eligible businesses. To qualify, businesses must demonstrate a qualifying hardship due to the pandemic. The program will cease accepting new applications once the state's economic relief returns to pre-pandemic levels.
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