To help New York City’s small businesses experiencing financial distress due to the impact of COVID-19, Citizens Committee has launched the Neighborhood Business Grants.
Grants of between $5,000 to $10,000 will fill gaps in funding by prioritizing businesses owned by people of color, immigrants, and women, which the New York Times and others report have weaker access to banking systems and financial support.
Proposals that focus on adapting businesses to the challenges of COVID-19 (i.e. delivering orders, fulfilling online requests for products, conducting training, and classes online) will also be prioritized.
Grants may be made to barber shops, restaurants, food carts, vegetable stands, and other small businesses. Unlike many financial opportunities currently available to small businesses, this program will provide grants rather than loans.
The application is intended to be accessible and short and will be reviewed on a rolling basis. If you have any questions, please email businessgrants@citizensnyc.org.
Citizens Committee for New York City (CCNYC), a non-profit which was founded to respond to the fiscal crisis of the ‘70s and has provided instrumental community support after 9/11 and Hurricane Sandy.
Preference will be given to businesses that are:
- Owned by people of color, immigrants, or women.
- Owned by low- and moderate-income residents.
- In need of funding to stay afloat.
- Using funding to adapt the business make it operational during or after COVID-19.
- Groups that have not received Small Business Administration Economic Injury Disaster Loan (COVID-19 related), a Paycheck Protection Program Loan, or other loans.
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