The following was released today from Assemblyman Edward Hennessey Member of Assembly, 3rd AD in regards to the the Small Business Storm Recovery Program (SBSRP).
This program is part of Governor Cuomo’s NY Rising Community Reconstruction Program. The SBSRP was established to support independently owned and operated businesses with 100 or less employees.
Your Business May be Eligible If….
- It is located in a designated disaster area (DDA) as a result of Superstorm Sandy, Hurricane Irene, or Tropical Storm Lee. Suffolk County is one of these DDAs.
- The business must be defined as a small business by the U.S. Small Business Administration. (Priority is given to businesses with 100 employees or less.)
- The business must have experienced eligible, uncompensated losses as a direct result of one of these storms.
Small Business Grants
Grants may be provided to small businesses (including farming operations and non-profit organizations) for capital expenditures to repair or replace needed equipment, replace lost inventory, renovate facilities that were damaged/destroyed, or to provide working capital needed as a direct result of the storm. Additional grant assistance may also be made available to support mitigation efforts to protect businesses from future storms.
Small Business Loans
Loans may be provided to small businesses (including farming operations and non-profit organizations) in addition to grant assistance for capital expenditures to repair or replace needed equipment, replace lost inventory, renovate facilities that were damaged/destroyed, or to provide working capital needed as a direct result of the storm.
Apply for Assistance at http://nysandyhelp.ny.gov
After completing and submitting an application, you will be assigned a business recovery case manager who will contact you.
