CenterState CEO, Others to Help Small Businesses Apply for State Pandemic-Recovery Grant Program

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SYRACUSE, N.Y. — Local leaders on Thursday joined CenterState CEO to highlight the impact the state’s COVID-19 Pandemic Small Businesses Recovery Grant program will have on small businesses in the community.

The $800 million program begins accepting applications June 10 and will provide grants and technical assistance to small businesses and microbusinesses with fewer than 10 employees that have had hardship during the pandemic.

The program gives priority to “socially and economically disadvantaged” business owners.

Flexible grants up to $50,000 will be made available to eligible small businesses. Recipients can use the funding for operating expenses, such as payroll, rent, or mortgage payments; taxes; utilities; personal protective equipment; or other business expenses incurred during the pandemic.

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“We have heard directly from so many businesses, hit hard by the pandemic, about the multitude of challenges they face, including the need for critical grant funding,” Robert Simpson, president and CEO of CenterState CEO, said. “Through this program businesses will have access to needed resources for recovery. We are ready to support businesses to help them to better understand the program and how they can access state and federal grants, so they can position themselves for successful applications and continue to drive our regional economy.”

More than 330,000 small and micro businesses are potentially eligible for this program, including 57 percent of the state’s certified minority and women-owned business enterprise (MWBEs). Reimbursable COVID-19 related expenses must have been incurred between March 1, 2020, and April 1, 2021, CenterState CEO said.

Read the full article on The Central New York Business Journal's website, here

Additional coverage is available for viewing on Urban CNY's website, here.

Additional coverage is available for viewing on WAER's website, here.

Additional coverage is available for viewing on WSKG's website, here.

Post Date

Jun 4th 2021