To enable bridge the hole in funding once the federal Paycheck Security Method monies ran dry, in June Gov. Andrew M. Cuomo announced a new $800 million restoration grant system for compact businesses even now recovering from economic losses in the course of the pandemic. The initial group of recipients were notified of their awards mid-July and will be receiving their grant dollars soon.
Whilst 50,000 enterprises used to the software, as several as 330,000 firms had been possibly qualified across the point out, that means a large amount of point out grants are becoming still left on the table. The least grant award was $5,000 and all awards are calculated on the business’ yearly gross receipts for 2019. It poses the question – why did not a lot more men and women utilize?