Governor George E. Pataki announced that as of today, New York State’s WTC Retail Recovery Grant Program has dispersed 1,270 checks totaling $5.4 million to assist small and medium-sized retail businesses affected by the September 11 terrorist attacks. Altogether, 1,573 applications have been approved totaling $6.8 million.
“Small and medium-sized retailers have continually played a vital role in the New York success story for generations,” Governor Pataki said at an event in Chinatown with U.S. Secretary of Labor Elaine Chao. “Many of these firms are being challenged by the unforeseen circumstances generated by the World Trade Center disaster, but we’re committed to helping them survive, recover, and prosper, right here, in New York, for years to come.
“Small and medium-sized businesses are an important part of New York’s communities, and will play a vital role in the rebuilding of downtown Manhattan,” the Governor said. “By providing direct financial assistance to businesses returning downtown, we have sent a loud and clear message to the entire business community that we want them to stay – and to thrive – right here where they belong.”
Assembly Speaker Sheldon Silver said, “In Chinatown and throughout lower Manhattan, small and medium-sized businesses provide jobs and services that are integral to the economy of the city. Many of these diverse businesses are facing tremendous difficulties following the September 11 terrorist attack. It is my hope that this support will help rebuild and fortify the businesses that have come to symbolize this vibrant community.”
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Charles A. Gargano, Chairman of Empire State Development said, “Governor Pataki’s leadership and commitment to the business community is helping our economy through this challenging period in our nation’s history. From the very beginning, establishing the Business Resource Center and the Lower Manhattan Redevelopment Corporation, and now these business grants, the Governor’s continuous actions on behalf of New York’s business community have strengthened ESD’s partnership with the city’s small and medium-sized businesses, and we look forward to working together in reigniting our economy.”
The WTC Disaster Retail Recovery Grant Program is a $20 million program administered by Empire State Development (ESD), the State’s economic development entity. ESD is providing grants of up to $10,000 to assist a broad range of affected businesses, with the initial focus of the program on small and medium-sized retail businesses selling goods or personal services located in the areas recently designated by New York State as the Liberty Zone (the area south of Canal Street and the Manhattan Bridge Approach), and the Resurgence Zone (the area north of the Liberty Zone and south of Clarkson and Houston Streets).
To be eligible for the grant program, a business must be engaged in the retail sale of goods or personal services, have fewer than 500 employees and certify its intent to resume business in New York. Applicants must provide two copies of their Federal Income Tax Filing. Once filed, ESD will determine eligibility of an application, and if eligible, will disperse funds within ten business days. Applications are available in English, Spanish and Chinese. The deadline for applications is December 6, 2001.
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The www.nylovessmallbiz.com web site, announced by the Governor earlier this month, is New York State’s new one-stop shop for small businesses looking to start or expand in New York. The comprehensive web “portal” allows small business owners to connect to all the various State government resources available to assist their operations. The site contains information on, and direct connections to, various small business programs and services, including: on-line permits and licenses, access to business counselors, and tax and finance issues. Applications for the grant program can also be obtained by calling the1-800-ILOVENY hotline. The hotline’s hours of operation are Monday Friday from 9:00 a.m. to 5:00 p.m.
Small Firm Attraction and Retention Grant Program
During the past few months, millions of compassionate and caring Americans have offered unprecedented support and assistance to those affected by the attack on the World Trade Center. Through their efforts, the spirit of New York and the spirit of America have been renewed.
We must continue our efforts to restore the strength of New York’s economy and to do that we must rebuild our nation’s financial capital, New York City. To help that process we are pleased to announce the World Trade Center Small Firm Attraction and Retention Grant Program, an initiative designed to assist businesses and not-for-profit organizations south of Canal Street in Lower Manhattan.
The WTC Small Firm Attraction and Retention Grant Program will provide cash grants to eligible businesses and not-for-profit organizations that commit to leasing space and employing people south of Canal Street. The program will provide assistance in an amount ranging from $35,000 to $1 million, based on location and the number of employees at the eligible location.
To be eligible for assistance under this program an applicant must employ between 10 and 200 people, and purchase a facility, or sign a lease, or renew a lease extension for a term of 5 years in the area of Manhattan south of Canal Street. Also eligible are small businesses whose business premises were located in the Restricted Zone and who purchase a facility, or sign a lease, or renew a lease extension for a term of 5 years either downtown or elsewhere in New York City.
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To determine if your company qualifies for funding, carefully review the attached program information, complete an application and bring it to one the WTC Business Recovery Centers at 2 Rector Street or 140 William Street.
