Mayor Bill de Blasio and NYC Department of Small Business Services (SBS) Commissioner Jonnel Doris (pictured) today launched Fair Share NYC.
Fair Share NYC is a targeted campaign to connect small business owners to federal relief funds.
Fair Share NYC aims to provide technical assistance to businesses seeking to access $284.45 billion in PPP loans that was recently approved in the Coronavirus Response and Relief Supplemental Appropriations Act of 2021. This new package provides additional funding for businesses that did not receive PPP money in the first round, especially minority- and women-owned businesses. It also earmarks funding for “very small” businesses and lending through community-based lenders.
The City is offering free resources through Fair Share NYC to help businesses secure loans. Resources include:
- Daily webinars to review the PPP and EIDL Advance programs and offer guidance on how to apply;
- One-on-one assistance to find the best financing option for each business and get help filling out the application;
- Connections to PPP lenders; and
- Information about additional federal resources.