More FREE Resources for North Flatbush Avenue Businesses

Free Employment Law Consultation with Lawyers Alliance
Many nonprofits are grappling with confusion related to protecting employees’ health in the workplace, managing sick and family leave, and administering necessary workforce reductions. Lawyers Alliance will be offering free brief consultations with our employment attorney volunteers.  For assistance, please reach out to Corporate Engagement Counsel Laura Israel Sinrod at lsinrod@lawyersalliance.orgPlease note that the helpline is intended for specific questions related to employment law issues raised by the pandemic, and not a resource for getting a general overview of the law. 

Do you need to speak with a business advisor?
Building and maintaining a business is challenging, but there are resources and support available to entrepreneurs. Whether you need marketing advice, help balancing your budget, or notes on your business plan, the Pace University Small Business Development Center can help. They offer one-on-one business counseling, and all services are provided at no cost. To learn more about what they do, visit their services page and read some success stories. When you need advice, don’t hesitate to contact a Certified Business Advisor

Connect with a Small Business Support Specialist in Brooklyn
The Partnership for New York City (PNYC), the New York City Economic Development Corporation (EDC), the Brooklyn Chamber of Commerce, and other partners have launched the NYC Small Business Resource Network – a citywide initiative to bring technical assistance and business recovery support to local small businesses. The Network offers personalized guidance and recovery resources, including technology, real estate, legal and accounting services, marketing expertise, procurement opportunities, sources of loans and grants, and business coaching. Learn more and connect with a Specialist here.

Grants, Loans, and Tax Credits

New York State Small Business Pandemic Recovery Grant
The New York State Pandemic Recovery Grant program offers grants of up to $50,000 for small businesses who have seen a 25% revenue reduction as a result of the pandemic and meet all other eligibility requirements. In partnership with Empire State Development (ESD), the Greenwich Village Chelsea Chamber of Commerce, and TD Bank, the Pace University SBDC hosted a webinar last month covering program basics and how to apply. For more information, visit the Pace SBDC’s NYS Pandemic Grant webpage and connect with a Pace University SBDC business advisor if you have additional questions.

Expanded Eligibility for the $800 Million COVID-19 Small Business Recovery Grant Program
Governor Kathy Hochul announced changes to New York State’s $800 million COVID-19 Pandemic Small Business Recovery Grant Program that will enable more small businesses to apply for funding. Businesses with revenues up to $2.5 million can apply for grants, up from the previous threshold of $500,000. Additionally, the limitation for businesses that received PPP loans has been increased from $100,000 to $250,000.    The Customized Training Grant Program is a competitive, reimbursable training grant by the NYC Department of Small Business Services (SBS). The program provides grants ranging between $30K to $400K, reimbursing up to 60% of businesses’ total training costs and is available for businesses that are for-profit, operating for at least one year, and able to pay for training upfront. Learn more and apply here

Resturant Return-To-Work Tax Credit
The $35 million Restaurant Return-to-Work Tax Chttps://vetbiznyc.cityofnewyork.usredit Program provides an incentive to COVID-impacted restaurants to bring restaurant staff back-to-work, and to increase hiring at NYS restaurants. Qualifying businesses are eligible for a tax credit of $5,000 per new worker hired, up-to $50,000 per business.  The Program is open to eligible restaurants located in New York City, or in an area outside of New York City that was designated an Orange or Red Zone for at least thirty consecutive days. Restaurants may claim the credit after August 31, 2021 (Fast Track Option), if the business can demonstrate a net employee increase of at least 1 full-time employee as measured from April 1, 2021 to August 31, 2021. To find out more, click here

PPP Loan Forgiveness
While the Paycheck Protection Program ended on May 31, 2021, borrowers may be eligible for PPP loan forgiveness. PPP loans made to eligible borrowers qualify for full loan forgiveness if during the 8- to 24-week covered period following loan disbursement the following conditions were met:Employee and compensation levels were maintainedThe loan proceeds were spent on payroll costs and other eligible expensesAt least 60% of the proceeds were spent on payroll costAs of 8/4/21, some borrowers may apply for PPP forgiveness directly through the SBA. Click here to access the direct forgiveness portal and click here to determine if your lender is participating. Visit Pace SBDC’s PPP forgiveness page for more information regarding the forgiveness process. If you have questions regarding PPP loan forgiveness or need help to apply, contact the Pace SBDC business advisor team for one-on-one business counseling, all offered at no cost.

New Grant For Child Care Providers
The New York State Office of Children and Family Services (OCFS) is currently accepting applications for child care stabilization grants. Eligible recipients include Day Care providers, School Age Child Care providers, Family Day Care Centers, and Group Family Day Care providers. The deadline to apply for funding is 11/30/2021.  Funding from this grant can be used for a variety of operating costs and those related to health and safety practices. For further information regarding this program, we encourage you to visit the Pace SBDC’s Child Care Stabilization Grant resource page and connect with a Pace SBDC advisorfor further assistance and to have your questions answered.  EXCELerate Loan Fund for BIPOC small business
This program provides ‘character-based’ loans to small business owners who have good standing and references. This $2.5 million Brooklyn fund is generously supported by the Joseph and Clara Tsai Foundation Social Justice Fund. No guarantor, collateral, or minimum credit score is required. Please contact Stevenson Joseph for more information:

Creciendo Con Tik Tok
TikTok, HHF and partners have partnered to create a $150,000 Grant Fund aimed at expanding and elevating 30 Small Latinx Businesses across the US. celebrating the perseverance, hard work and commitment of Latinx Business Owners as champions of entrepreneurship during the COVID crisis, the fund will grant cash awards of $5,000 each to selected Latinx business owners from across the country who exemplify those business principles championed through TikTok. Apply HERE!

NYC Women’s Fund for Media, Music and Theatre
The NYC Women’s Fund for Media, Music and Theatre will distribute $2.5M in grant funding to encourage and support the creation of female-led digital, film, music, television, and live or online theatre projects in New York City. Apply HERE!