New York City, including the Department of Small Business Services (SBS) and
the New York City Economic Development Corporation (NYCEDC), is coordinating a
set of services to assist small businesses in recovering from Hurricane Sandy.
Below is an outline of available programs and relevant contact information.
New York City Business Assistance Programs
For small- to mid-sized businesses that have experienced business
interruption
Emergency loans will be available, patterned after similar programs deployed
in past emergencies. Loans will be capped at $10,000. Please
click this link to contact an NYC Business Solutions Account Manager or call
311 and ask for NYC Business Emergency Loan.
For mid- to large-sized businesses that need to undertake
rebuilding
An emergency sales tax letter from New York City Industrial
Development Authority (IDA) will be available allowing businesses to avoid
payment of New York City and New York State sales taxes on materials purchased
for rebuilding. IDA will also waive all fees and, while following State law,
look to streamline its normal procedure. This program is expected to offer
economic benefits to reconstruction projects costing $500,000 or more. Please
contact Shin Mitsugi at smitsugi@nycedc.com for further
information on this program.
For any business that is temporarily displaced from its
space
Short-term "swing" office space at Brooklyn Army Terminal available
free of charge for the next 30 days. NYCEDC has approximately 40,000 square feet
of warehouse space at the Terminal that can be used for this purpose. Please
click this link to contact an NYC Business Solutions Account Manager or call
311 and ask for NYC Business Solutions.
For any business in need of other emergency assistance
The SBS Business Outreach Team and Emergency Response Unit’s Large Scale
Response Team will be deployed after the storm to help all impacted small
businesses. This team is currently on-call for any storm-related business
inquiries and is closely coordinating with the NYC Office of Emergency
Management. Please
click this link to contact an NYC Business Solutions Account Manager or call
311 and ask for NYC Business Solutions.
Federal Aid Programs for Disaster Recovery
Loans are available up to $2 million for business property losses not fully
compensated by insurance. Loans of up to $2 million are also available for small
businesses, small agricultural cooperatives and most private, non-profit
organizations of all sizes that have suffered disaster-related cash flow
problems and need funds for working capital to recover from the disaster's
adverse economic impact. This loan in combination with a property loss loan
cannot exceed a total of $2 million.
Those in the county designated for assistance to affected residents and
business owners can begin the disaster application process by registering online
at www.DisasterAssistance.gov, by web enabled mobile device at m.fema.gov or by
calling 1-800-621-FEMA (3362). Disaster assistance applicants, who have a speech
disability or hearing loss and use TTY, should call 1-800-462-7585 directly; for
those who use 711 or Video Relay Service (VRS), call 1-800-621-3362. The
toll-free telephone numbers are available from 7 a.m. to 10 p.m. (local time)
Monday through Sunday until further notice. Applicants registering for aid
should be prepared to provide basic information about themselves (name,
permanent address, phone number), insurance coverage and any other information
to help substantiate losses.
Click
here for information from the Federal Small Business Administration on
disaster recovery assistance.
http://www.manhattancc.org/common/News/articles/detail.cfm?QID=9542&classification=news&topicID=0&clientID=11001&subnav=&subsection=
Welcome to the Manhattan Chamber of Commerce Manhattan Chamber of Commerce (MCC) is a vibrant business membership organization comprised of a cross section of 10,000 business members and subscribers ranging from sole proprietors to large corporations and multi-national firms. Connect with entrepreneurs, leaders and executives by becoming an MCC member today and help your business grow. Our mission is to advocate for, connect and educate the business community in Manhattan.
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