News Flash

News & Town Board Reports (gblist)

Posted on: September 16, 2020

Grants to small businesses impacted by COVID-19 available

grants available to small businesses impacted by COVID-19
could help your business survive!

SMALL BUSINESSES MAY BE ELIGIBLE FOR GRANTS FROM THE COUNTY 

THIS MAY INTEREST YOU.

https://westchestercatalyst.com/business-first-programs/grants/ 

 

·         $10 million in total funding for small businesses and non-profits

·         Grants of up to $49,000 per small business or non-profit

·         Requirements:

o   99 or fewer employees

o   Primary location in Westchester County

o   In good standing with Westchester County

o   At least a 25% revenue decrease since March 7, 2020 due to COVID-19

o   Demonstrate that they were a successful business before COVID-19

·         If business got funding through federal programs like PPP, this grant is for other expenses

·         Non-locally owned franchises are excluded

·         Funds can be used for:

o   Employee-related expenses like payroll

o   Rent

o   COVID-19 restrictions related, such as heaters for outdoor dining in the colder weather

o   Safety equipment

o   And other uses

·         Office of Economic Development reviewing applications

·         Applications to be accepted starting 9/21/20 at 10am until 9/30/20 at midnight

·         A Selection committee will review the applications, assign a scoring system

o   Scoring system based on Westchester locations, number of employees, how much business was lost, if the business has access to other sources of funding, etc.

·         Businesses will know by mid-October if they have been selected, and will receive funds towards the beginning of November

PAUL FEINER

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