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Bill > S01596
NY S01596
NY S01596Establishes the minority- and women-owned business protection program to provide grants with funding from the American Rescue Plan Act of 2021 to qualifying entities that have less than 100 employees per location, was in existence in New York state by the first day the state disaster emergency related to COVID-19 was declared by the governor, can document actual economic harm or revenue shortfall as a direct result of the pandemic, and has filed 2018, 2019 or 2020 tax returns.
summary
Introduced
01/14/2021
01/14/2021
In Committee
01/05/2022
01/05/2022
Crossed Over
Passed
Dead
12/31/2022
12/31/2022
Introduced Session
2021-2022 General Assembly
Bill Summary
Establishes the New York state small business protection program to provide loans and grants to qualifying entities that have less than 100 employees per location, did not receive any federal funding for the Federal CARES Act, was in existence in New York state by the first day the state disaster emergency related to COVID-19 was declared by the governor, can document actual economic harm or revenue shortfall as a direct result of the pandemic, and has filed 2018, 2019 or 2020 tax returns.
AI Summary
This bill establishes the New York State Small Business Protection Program to provide loans and grants to qualifying entities that have less than 100 employees per location, did not receive any federal funding from the CARES Act, were in existence in New York State by the first day the state disaster emergency related to COVID-19 was declared, can document actual economic harm or revenue shortfall as a direct result of the pandemic, and have filed 2018, 2019, or 2020 tax returns. The program will be funded with $100 million from the American Rescue Plan Act of 2021 and can also receive state appropriations. The grants will cover rent reimbursement, replacement of perishable inventory, payroll or independent contractor compensation, and utility costs.
Committee Categories
Business and Industry
Sponsors (3)
Last Action
REFERRED TO COMMERCE, ECONOMIC DEVELOPMENT AND SMALL BUSINESS (on 01/05/2022)
Official Document
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