Overview
The New York State 2021–22 Executive Budget passed in March includes $1 billion in financial relief for small businesses. The funding initiatives include:
$800 million for the Pandemic Small Business Recovery Grant Program,
$25 million for the Restaurant Resiliency Program,
$40 million to Arts & Cultural Organizations,
$100 million NYC Musical and Theatrical Production Tax Credit, and
$35 million Restaurant Return to Work Credit.
The $1 billion Business Pandemic Recovery Initiative is administered by the Empire State Development Corporation (ESD).
Access to these programs is crucial for the 27th District so my office and I have compiled information on each program and will keep you updated as more details and applications are finalized.