Guidance for small business owners, updates from city and more

The Tribeca Citizen should NOT be the ultimate source for this kind of advice, but since I know the health of our local small businesses is on everyone’s mind, I am simply reprinting this from the city’s Department of Small Business Services. You can see more here.

HEALTH UPDATES
Updates from the NYC Department of Health on the coronavirus, including case data and state rules and requirements.

CITY SMALL BUSINESS CONTINUITY LOAN FUND
NYC Department of Small Business Services opened applications for the NYC Small Business Continuity Loan Fund. Businesses with fewer than 100 employees who have seen sales decreases of 25% or more are eligible to apply for loans of up to $75,000 to ensure business continuity. Learn more about this and the Employee Retention Grant for small businesses with four or fewer employees here: nyc.gov/covid19biz

EMERGENCY ASSISTANCE FORUM FOR SMALL BUSINESSES
WE NYC is hosting a virtual fireside chat on April 2. This event will focus on emergency financial assistance. Learn more and RSVP.

FEDERAL CARES ACT
The CARES Act, a federal relief package developed to respond to the economic calamity created by the COVID-19 pandemic, promises to deliver $2 trillion in federal funds. When implemented, it will include $377 billion for small businesses, including loans to small businesses, which offer loan forgiveness for funds spent on payroll, rent, mortgage interest, and utilities. Learn more about the US Small Business Association’s loans and programs.

FOR RESTAURANTS
Restaurants are still advised to follow NYC Health Code requirements for food preparation. More information here.
The State Liquor Authority released additional guidance for business owners, see here.

BUSINESSES THAT CAN PRODUCE SUPPLIES
NYCEDC is seeking businesses with the ability to quickly source and/or make needed medical supplies (e.g. face shields, gowns, ventilators, masks, and other products as needed) to support the City’s COVID-19 response. Learn more and complete the info form here.

Suppliers or distributors with access to a stock of ready-made supplies to sell or donate (medical or otherwise) should visit nyc.gov/covidsuppliers. Companies or individuals looking to volunteer and/or donate funds, food, and goods to those in need should visit nyc.gov/donate.

HOURS FOR CITY AGENCIES
Some city agencies have adjusted their operations during this time. Please see here for updates.

 

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