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We Have No More Savings : New York City Street Vendors Get Over $2 Million in Help – NBC New York

They re folks we recognize. They re folks we ve come to know and really depend on to get through our days, to give New York City this vibe that it has. Although the $2.2 trillion Coronavirus Aid, Relief, and Economic Security, or CARES, Act passed in March, with assistance dispersed for small businesses through the Paycheck Protection Program (PPP), a lot of street vendors did not qualify for that, partially because of immigration status or other reasons, says Borsellino. These vendors live day by day, says Mohamed Attia, director of the SVP at the Urban Justice Center. And many of the street vendors who are disproportionately immigrants, Black, Latino, and in some cases, undocumented, according to Borsellino are also among those most deeply affected by Covid. Borsellino notes that one in four street vendors either had Covid-19 themselves or had a close family member who did.

We have no more savings : New York City street food vendors get over $2 million in help

We have no more savings : New York City street vendors get over $2 million in help CNBC 12/10/2020 Taylor Locke © Provided by CNBC MD Alam has worked as a food vendor in Times Square for 20 years. The pandemic has battered small businesses in New York City, and among those struggling are nearly 20,000 street vendors that have lost 70% to 90% of their earnings, according to a survey conducted in June and September. With these small businesses that are such a vital part of New York City barely surviving, Morgan Stanley and the Robin Hood foundation have partnered with the Street Vendor Project (SVP) at the Urban Justice Center (all headquartered in New York) to distribute millions of dollars to thousands of local vendors.

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