A Local Law in relation to COVID-19 grants for small businesses that did not receive city, state or federal assistance

Summary

This bill would require the Department of Small Business Services (SBS) to create a grant program in response to the COVID-19 pandemic specifically for businesses that have not already received governmental aid. Entities of 50 employees or fewer that were impacted by service limitations due to COVID-19, or which lost revenue, would be eligible for the grant. SBS would be required to conduct outreach to minority- and women-owned businesses, including creating and submitting a plan detailing how the City will inform as many minority- and women-owned businesses as possible of the existence of the grant program; appointing an SBS staff member to liaise with minority and women business owners; and reporting to the Mayor and Speaker of the Council on each business that received a grant, including whether the business was a minority- and women-owned business.

Official summary of legislation · NYC Council