Do you need extra cash? Don’t we all, but this offer is for small businesses in New York City which could benefit from a grant – not a loan – of up to $90,000.
The program is called Love Your Local Small Business Grant Program. That says it all.
Its from the NYC Department of Small Business Services (SBS) to help local NYC businesses continue providing the jobs, goods and services that make our local NYC neighborhoods vibrant.
The grants will help the little guys and gals and family-owned businesses compete with the national chains moving in everywhere, and driving many small businesses out of business.
The program will select 20 small businesses to each receive an in-depth assessment of their business, one-on-one business consultations and a grant to put into effect the recommendations of SBS experts and other business experts.
So if you a sandwich shop, caterer, hairdresser, air conditioner repair service, plumber, shoe repair shop, boutique selling only to the petite woman or super-sized male, pet shop or grooming service, or a zillion other categories of small businesses, apply now.
Especially if your small business has been hurt by rising rents.
Deadline to apply for these grants is August 10, 2018.
How to apply for a Love Your Local Small Business Grant
There’s also a helpful video on the Love Your Small Business Grant Program site to help you with the application process.
To be considered for a Love Your Local Small Business Grant, applicants must meet the following criteria:
- Must operate a commercial business
- Must not be in violation of any applicable federal, state, or local law, rule or regulation
- Food businesses subject to inspection by the NYC Department of Health and Mental Hygiene must have an A or B letter grade
- Must be a small business
- Must have been operating in New York City for at least three (3) years prior to the date of the application
- Must not operate a Franchise, except Franchises that the Small Business Administration has determined to be small businesses may be eligible
- Must rent current location of operation from an entity or individual that is not affiliated with the applicant
- Must not owe any federal, state or city taxes
- Must not be delinquent in payments owed to resolve judgement or liens
- All required licenses or permits relating to the business must be current
- Must show proof that your small business has experienced at least a 5% increase in costs directly related to operating in rented commercial space within the prior 10 years. Documentation may include, but need not be limited to: lease(s), utility bills, property tax bills, or cancelled checks, which reflect increased rental costs, an increased burden relating to payment of property taxes, or increased utility costs at its current location
If you are ineligible for the program, based on your responses, you will automatically be redirected, and the application will disappear from the records.
Note – NYCOTC Editor Evelyn Kanter is the product of two small business shop-owner parents. My father had a butcher shop in the Bronx, and my mother had a millinery and accessories shop hat store in Inwood, where I grew up.
So I’m a fierce supporter of local neighborhood businesses and shop owners, like my parents were. #ShopLocal
Thanks to the Greenwich Village Chamber of Commerce for alerting NYCOTC to this great program for small businesses.