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October 30, 2012

hurricane relief for businesses

City announces immediate government relief programs for businesses impacted by Hurricane Sandy

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 call 311 and ask for the 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 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 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 call 311 and ask for NYC Business Solutions.

Click here for more information on small business recovery programs
Click here for information on Federal Aid Programs for Disaster Recovery

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