The City of New York has undertaken two relief programs for small businesses that have experienced a decrease in revenue of at least 25% as a result of the COVID-19 pandemic: the NYC Employee Retention Grant Program and the NYC Small Business Continuity Loan Program. This Alert describes those programs, their eligibility requirements and the application process. Please note that one program, for businesses with less than five employees, is accepting applications through 5:00 p.m. on April 3, 2020. The Alert Can be found here.
Client Alert: New York City COVID-19 Relief Programs for Small Businesses – April 1, 2020
