Politics & Government
Bloomberg Announces $5.5 Million Grant Program to Help Sandy-Impacted Small Businesses
The funds are part of a matching grant program designed to help small businesses rebuild following the storm.
Mayor Michael Bloomberg announced on Saturday that a new matching grant program would dedicate $5.5 million to help small businesses recover from Superstorm Sandy.
“Getting New York City small businesses back on their feet is key to helping our economy recover from Sandy,” Bloomberg said in a statement. “The capital provided through this program will help businesses purchase supplies, make repairs, and get back up and running.”
The program is being funded with $5 million from the Mayor’s Fund to Advance New York City, as well $500,000 from the Partnership for New York City. The matching grants will provide an extra boost for local businesses already seeking low-interest loans through the city's Emergency Loan Fund.
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Businesses in need of assistance should fill out a "Contact an Account Manager" form at www.nyc.gov/nycbusiness, or call 311 and asking for “NYC Business Solutions” or visiting one of the City’s Restoration Centers.
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