December 1, 2022

Castlow

Be INvestment Confident

Modest Company Seed Funding Grants Now Out there

Pricey Neighbor,

As Chair of the Small Enterprise Committee, I have fought really hard for compact enterprises to get the relief they ought to have given that the pandemic began, and I am excited to share with you that The New York Condition Seed Funding Grant Software is now taking programs. If you personal a viable tiny small business that started off on or immediately after September 1, 2018, then you could qualify for a grant of up to $25,000.

The Seed Grant system is new, and especially for organizations that did not qualify for support less than the Pandemic Tiny Enterprise Restoration Grant Application, which alone not long ago expanded its eligibility. The Pandemic Compact Small business Recovery Grant Plan will be closing for very good on September 30, 2022, and I urge all tiny business proprietors to take a look at nysmallbusinessrecovery.com as quickly as possible to see if you qualify for this software before time operates out.

In this article are a couple commonly questioned concerns about the new Seed Grant method:

What is it?

A $200 million grant plan created to support early-phase smaller corporations and promote our State’s financial restoration from the pandemic era. The plan was incorporated in this year’s New York Point out Spending plan pursuing my advocacy.

Is this a further financial loan that I have to spend again?

NO, you really do not have to pay back a cent of what you get. This is a grant application, and qualifying little enterprises are eligible for grants among $5,000-$25,000 based on how big your small business is.

How do I know if I qualify?

Take a look at nyseedgrant.com/faq for in depth eligibility requirements.

What can I commit the grant cash on?

Grants can be utilized for specific bills incurred in between September 1, 2018 and January 1, 2022. Eligible fees contain (but are not limited to) payroll expenditures, lease or mortgage payments, sure taxes, insurance prices, utility costs, HVAC prices, PPE charges, and a lot more.

Where do I apply, or go to discover extra facts?

Go to nyseedgrant.com these days to discover out additional and apply.

Are there other NYS Smaller Small business initiatives that I may well advantage from?

Certainly, there are a variety of practical compact enterprise support applications operate by the Point out of New York that may possibly be a great fit for your problem. Visit the Business enterprise Pandemic Restoration Initiative web site to understand much more.

Is there any one who can aid me with this course of action?

Yes, and it does not expense everything to get enable. Get hold of the Farmingdale Small Company Enhancement Heart, which serves all of Nassau County. Visit https://www.farmingdale.edu/compact-company-improvement-centre/ or call 934-420-2765. They are a great useful resource to enable you with any concern you have about these grants, or any other smaller business difficulty. And their companies are constantly Free of charge.

As generally, If I can be of help to you and your smaller business with this, or any other matter, make sure you will not be reluctant to speak to me at 516-746-5924 or [email protected]

Thank you for making it possible for me the privilege of currently being your Senator.

Sincerely,

Anna Kaplan