NEW YORK TRUCKSTOP

Subscribe to Our Newsletter

The online community for the New York Metro area trucking industry. Subscribe to our newsletter.

  • Home
  • About
  • Blog
  • Resources
  • Contact Us
You are here: Home / COVID-19 / COVID-19 Outbreak Update: Assistance for Businesses

COVID-19 Outbreak Update: Assistance for Businesses

March 10, 2020 By New York Truckstop Leave a Comment

FacebooktwitterpinterestlinkedinmailFacebooktwitterpinterestlinkedinmail

In response to the continued COVID-19 outbreak, Mayor De Blasio has announced two new financing assistance programs to help affected businesses in New York City. As a general precaution, everyone should follow the NYC Department of Health and Mental Hygiene’s recommendations to help slow the spread of COVID-19 in the City.

“We have to provide some relief for the businesses that are hurting right now,” Mayor Bill de Blasio said during a news conference on March 8th, “So, we have two forms of relief we’re going to implement right away.” The City will be providing interest-free loans and grants to small businesses impacted by the Coronavirus in need of financing assistance:

  • Zero-Interest Loan – Businesses with fewer than 100 employees that experience a greater than 25% loss in gross revenue could be eligible for an interest-free loan of up to $75,000.
  • Employee Retention Grant – Businesses with fewer than 5 employees could receive a grant of up to $6,000 to cover 40% of payroll costs for two months to help retain existing employees.

The details of these two financing programs are still being ironed out by the City, we’ll update as more information becomes available.

Also, The NYC Department of Small Business Services (SBS) has developed a survey in order to collect data on business-related impacts due to the virus in a standardized manner. The information collected from this survey will help the City better respond to business challenges during this time.

Lastly, on March 24 SBS will host a webinar to help businesses prepare for disruptions and teach how to:

  • Stay in business: Identify your key business functions, employees, and documents
  • Protect your investments: Understand how to protect your assets and navigate insurance processes
  • Be ready for action: Create a business continuity plan for your business

 

Print Friendly, PDF & EmailPrint Friendly
FacebooktwitterpinterestlinkedinmailFacebooktwitterpinterestlinkedinmail

Filed Under: COVID-19 Tagged With: New York City, Small Business

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.

FOLLOW US

  • Facebook
  • LinkedIn
  • Twitter
  • YouTube

SPONSORED BY

Arthur Miller Attorney at Law

The Law Firm of Arthur L. Miller

The Law Firm of Arthur L. Miller The law firm of Arthur L. Miller specializes in transportation and traffic issues … Read More...

TOPICS

  • Business
  • Certified WeighMasters
  • Class Action Suits
  • Climate & Energy
  • Construction Jobs
  • COVID-19
  • Driver Education
  • Fares Fees Tolls
  • Federal
  • Funding
  • Immigration Law
  • International Trade
  • Legislation
  • New Jersey Legislation
  • New Legislation
  • New York City
  • New York State
  • Parking
  • Pending Legislation
  • Safety
  • Strategies for Urban Mobility Policy: Sustainable Delivery Bills (eacreative.nyc)
  • Truck Tractor Trailer
  • Uncategorized
  • Worker Safety

Our Latest Tweets

Tweets by @nyctruckstop

Follow Us

  • Facebook
  • LinkedIn
  • Twitter
  • YouTube

Contact Us

34-18 Northern Blvd.
Long Island City, New York 11101

Phone: 718-997-0641
Fax: 718-997-0245

Email Us

Fields marked with an * are required

Copyright © 2023 New York Truck Stop Enterprises LLC     |     Site developed by Good2bSocial