Establishes the "save our small-business grant program" to aid small businesses impacted by COVID-19.
The bill establishes the "save our small-business grant program" to aid small businesses in New York impacted by the COVID-19 pandemic. The program will be developed and implemented by the division for small-business in conjunction with the state's regional economic development councils. The program will not accept new applications and will finalize pending grants once New York's economic relief returns to pre-COVID-19 levels. The maximum grant amount is $50,000 per small business.
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