Corinavirus links for Business
Government Resources - links for businesses to stay informed of and prepare for the spread of Coronavirus.
SBA To Provide Small Businesses Impacted by Coronavirus (COVID-19) Up to $2 Million in Disaster Assistance Loans
SBA is offering disaster relief assistance loans for businesses that have significant economic impact from the COVID-19. NY is currently preparing their request to participate in the program. Visit www.sba.gov/coronavirus for detailed information and links to the disaster loans.
NYS Shared Work Program
Consider the Shared Work program as you manage business cycles and seasonal adjustments. Shared Work lets you keep trained staff and avoid layoffs. Employees can receive partial Unemployment Insurance benefits while working reduced hours. Full-time, part-time and seasonal employees are eligible.
CARES Act Small Business Paycheck Protection Program
The Paycheck Protection Program provides small businesses with funds to pay up to 8 weeks of payroll costs including benefits. Funds can also be used to pay interest on mortgages, rent, and utilities. SBA will forgive loans if all employees are kept on the payroll for eight weeks and the money is used for payroll, rent, mortgage interest, or utilities.
Empire State Digital
Empire State Digital, a new initiative accelerating New York State-based small businesses' ability to grow their online presence through a first-in-the-nation program with leading global e-commerce enablers, including Shopify, Square, Clearbanc, and Etsy. See https://www.governor.ny.gov/news/governor-cuomo-launches-empire-state-digital-global-e-commerce-companies-accelerate-new-yorks
Small business owners can check if they are eligible for New York State support programs or incentives. There are a number of business incentives that small business owners may be able to take advantage of. To get started, simply answer questions about your business and New York's Business Express Incentive Wizard will provide a list of New York State programs and services that could help your business get off the ground.