Small business seed funding grants available

Dear neighbor,

As chairman of the Small Business Committee, I have fought hard to ensure that small businesses get the relief they deserve since the start of the pandemic, and I am excited to share this information with you. New York State Seed Funding Grant Program is now accepting applications. If you own a viable small business that started on or after September 1, 2018, you may be eligible for a grant of up to $25,000.

The Seed Grant program is new and is designed specifically for businesses that did not qualify for assistance under the Pandemic Small Business Recovery Grant Program, which itself has recently expanded its rights. The Pandemic Small Business Recovery Grant Program will finally close on September 30, 2022, and I encourage all small business owners to visit nysmallbusinessrecovery.com as soon as possible to see if you qualify for this program before time runs out.

Here are some frequently asked questions about the new Seed Grant program:

What’s this?

BUT $200 million grant program Designed to help small businesses at an early stage and help our state’s economy recover from the pandemic era. The program was included in New York State’s budget for this year thanks to my support.

Is this another loan that I have to repay?

NO, you don’t have to return a single cent of what you receive. This is a grants program and eligible small businesses are eligible for grants ranging from $5,000 to $25,000 depending on the size of your business.

How do I know if I’m eligible?

Visit nyseedgrant.com/faq for detailed eligibility criteria.

What can I use the grant money for?

Grants can be used to cover certain expenses incurred between September 1, 2018 and January 1, 2022. Eligible costs include (but are not limited to) payroll costs, rent or mortgage payments, certain taxes, insurance costs, utility costs, HVAC costs, personal protective equipment costs, and more.

Where can I apply or go to find out more information?

Visit nyseedgrant.com today to learn more and apply.

Are there other New York State small business initiatives that might help me?

YES, There are a number of helpful small business support programs available from New York State that may be appropriate for your situation. Visit the Business Pandemic Recovery Initiative website to learn more.

Is there anyone who can help me with this process?

YES, and help costs nothing. Connect with Farmingdale Small Business Development Center, which serves all of Nassau County. Visit https://www.farmingdale.edu/small-business-development-center/ or call 934-420-2765. This is a great resource to help you answer any question about these grants or any other small business issue. And their services are always FREE.

As always, if I can be of service to you and your small business on this or any other issue, please feel free to contact me. call 516-746-5924 or email [email protected]

Thank you for giving me the honor of being your senator.

Sincerely,

Anna Kaplan

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