NEW YORK (WKBW) — New York State has launched a Seed Funding Grant Program for early-stage businesses impacted by the COVID-19 pandemic. It was created as part of the FY2023 budget and opened on September 14.
According to the governor's office, the program provides flexible grants to early-stage, micro and small businesses that opened shortly before or during the COVID-19 pandemic to ensure they will have the funds to continue to operate and grow.
The program is in addition to the state's existing $800 million Pandemic Small Business Recovery Grant Program.
"This first-in-the-nation Seed Funding Grant Program rounds out $1 billion in flexible funding to support both early-stage, and established small and micro-businesses. New York businesses were among the hardest hit nationwide at the height of the pandemic, but with this funding, we're extending a lifeline to help them continue to grow and operate. Applications open tomorrow, and I encourage all New York business owners to take full advantage and be a part of New York's remarkable recovery."
- New York Governor Kathy Hochul
You can find more about the program, including eligibility requirements and grant amounts, here.
You can find a full list of the COVID-19 business assistance programs here.
