The Mayor’s Office is designating a $5.5 million grant to aid businesses hardest hit by Sandy.
The Queens Chamber of Commerce also announced grants would be available to small businesses that have already applied for the New York City Emergency loan fund.
The matching grants are designed to provide assistance for local businesses already seeking aid through the city’s exsisting emergency loan fund.
Mayor Bloomberg reiterated the importance of getting all of New York’s small businesses up and running as soon as possible.
“Getting New York City small businesses back on their feet is key to helping our economy recover from Sandy,” Bloomberg said.
Grants will match the dollar amount awarded to qualifying recipients. The city’s emergency loans will provide critical supplemental assistance to what is being already provided.
Jack Friedman Executive Director of the Queens Chamber of Commerce estimates that there are more than 1,100 businesses in Queens impacted by Sandy, more than 50 percent of which will not reopen soon.
Friedman advises small businesses to seek assistance and make use of the grant program available.
“The city loan is $25,000 and the Mayor’s Office matches that so in total businesses are getting $50,000,” Friedman said.
Friedman stressed the importance of making use of the help available, while it lasts.
“People whose businesses were affected by Sandy should go to restoration centers available, they should seek assistance, there is help available. They are missing a big opportunity if they don’t investigate the help options available, “ he said.
Friedman advises business owners to visit the Queens Chamber of Commerce official website for full information and resources .
“They need to file for everything, they should register online as well,” Friedman said. Those who have already applied for the city loan can also apply for this grant, the grant will be caped at the same amount that business have received from the emergency loan fund.