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NYS COVID Small Business Recovery Grant Program & NYS Seed Funding: Due Soon! What You Need to Know!

The Beyond Accounting, Inc. team wanted to share some important, and timely, information. Please read through to see if this information applies to you. As always, please feel free to reach out to our team with any questions! Thank you!

New York State COVID-19 Pandemic Small Business Recovery Grant Program | Applications Due 9.30.2022

On September 13, 2022, Governor Kathy Hochul announced that applicants of the New York State COVID-19 Pandemic Small Business Recovery Grant Program will no longer need to demonstrate positive net profit on 2019 Business Return ($1 or greater) or at least a twenty-five percent (25%) loss in annual gross receipts in a year-to-year revenue comparison as of December 31, 2020, to the same period in 2019, in each case, as reflected on Grantee’s 2019 and 2020 filed federal tax returns, including any 2020 Pandemic Unemployment Assistance, Federal Pandemic Unemployment. As a result, existing applicants will be reexamined for eligibility and contacted by Lendistry via email. Please do not submit a new application. Existing applicants that submit a new application may be detected as potential fraud and disrupt the reexamination process. All applications in progress must be fully completed with all required documents and banking information uploaded by 11:59 p.m. EDT on September 30, 2022, to be considered for a grant. CLICK HERE TO ACCESS APPLICATION OR CREATE ONE

NYS Seed Funding

The New York State Seed Funding Grant Program (the “Program”) was created to provide assistance to early-stage small businesses to succeed in a recovering New York State economy. Eligible Applicants must provide evidence, acceptable to New York State that the Eligible Applicant is operational and meets the Program requirements. As part of the application each micro-business, small business, or for-profit arts and cultural organization including independent arts contractors shall provide sufficient documentation in a manner prescribed by Empire State Development ("ESD") to demonstrate Program qualification. Only one grant per business EIN or SSN is allowed. Due to a limited amount of funding and the high volume of requests expected, business type, geography and industry may factor into ability to receive a grant. To learn more about grant amounts & apply: CLICK HERE

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