Client Alert 
December 16, 2021

NYC Announces Small Business
Resilience Grant Program 
Applications are now being accepted for the newly-announced New York City Small Business Resilience Grant Program, which provides grants up to $10,000 to eligible small businesses to assist in recovering from the effects of COVID-19. Eligible businesses are those that:

  • Currently operate in New York City and have been in operation since October 1, 2019;
  • Have fewer than 500 employees;
  • Generate at least 50% of its revenue from the Arts, Entertainment, and Recreation or Accommodation and Food Services sectors, as defined by the North American Industry Classification System (NAICS), and/or a small business that physically operates from a low-to-moderate income census tract, as verified by the business address;
  • Can demonstrate at least a 25% reduction in gross revenue in comparable quarters in 2019 and 2020, or for the entire calendar years 2019 and 2020; and
  • Did not receive a grant from either the Shuttered Venue Operators Grant Program or the Restaurant Revitalization Fund.

Grants can be used for payroll and benefits payments, mortgage payments, rent, utilities or other operating expenses incurred between March 3, 2021, and December 23, 2024.

The Grant Program’s comprehensive application guide can be found here. Eligible businesses may apply online here, by first completing an application and then submitting the required documentation via the online portal, including an executed Application Attestation.

    *            *            *

If you have questions or would like additional information, please contact our Labor & Employment attorneys or the primary EGS attorney with whom you work.

This memorandum is published solely for the informational interest of friends and clients of Ellenoff Grossman & Schole LLP and should in no way be relied upon or construed as legal advice.