presented by Vision Long Island and the Long Island Main Street Alliance

November 13th, 2020

Quotes of the Day

	“Local restaurants are struggling. Split The Bill NY is a way for locals to support these restaurants and their community, in a mutually beneficial way.” - Randi Sidgmore, Founder and Director of the Sidgmore Family Foundation
	“The uncertainty of the COVID-19 pandemic has taken a toll on the restaurant industry and it is imperative to support our local restaurant owners. At the Town of Hempstead, we’ve been at the forefront of advocating and providing for the safe and successful reopening of businesses by implementing the area’s first outdoor dining initiative and providing free PPE kits, among other initiatives aimed at boosting local downtowns. We’re truly thankful for the generosity of the Sidgmore Family Foundation to support local restaurants and commend the efforts of the Baldwin Civic Association to help bring this helpful program to the community.” - Hempstead Town Supervisor Don Clavin
	“We look forward to seeing the positive impact that Split The Bill NY will have on our local restaurants here in Baldwin. Restaurants are operating at limited capacity, and the colder months ahead make it more difficult for them to accommodate outdoor seating. We expect this program to be a huge help in driving business.” - Darien Ward, President of the Baldwin Civic Association
	“The work of the Sidgmore Foundation and the Split the Bill program are precisely the type of creative Philanthropy that we need to help get us out to spend locally. The program has been a success and many more downtowns are requesting this service" - Eric Alexander, Director Vision Long Island, Founder, LI Main Street Alliance
	“PSEG Long Island created [the Main Street Revitalization] program to help small businesses successfully adapt to changes caused by the pandemic and continue to thrive. The lighting paid for by our grant will illuminate the newly created outdoor spaces to increase visibility and allow people to dine out at night even as the days get shorter.” - John Keating, manager of PSEG Long Island Economic and Community Development

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Split the Bill Program a Huge Benefit to Baldwin Restaurants

Big success with the Split the Bill program in downtown Baldwin yesterday to help bring some financial relief to local restaurants. 

For folks who don't know the program pays up to half of your in dining or take out order at participating restaurants (up to $30 reimbursement). It’s a great way to support our local eateries and spend money in the community.

Special thanks to the Sidgmore Foundation who fund and manage the program for their leadership and investment in our local downtowns. The program has been run successfully in recent months in the Village of Farmingdale, Village of Westbury, Village of Valley Stream and the Village of Hempstead.

The Baldwin Civic Association lead the local effort with support from the Baldwin Chamber of Commerce, Town of Hempstead and Nassau County. Vision and the LI Main Street Alliance have been working with the Split the Bill program at each stop to make the program successful.

Past Split The Bill NY campaigns have driven over $84,000 in total retail spend to participating restaurants in various villages on Long Island; Village of Farmingdale, Village of Valley Stream, Village of Westbury and Village of Hempstead. Baldwin restaurants that are participating in the upcoming program hope it will help drive more business to their establishments.

Split The Bill NY is keeping local officials optimistic about the future of our downtowns. “We look forward to seeing the positive impact that Split The Bill NY will have on our local restaurants here in Baldwin,” said Darien Ward, President of the Baldwin Civic Association. “Restaurants are operating at limited capacity, and the colder months ahead make it more difficult for them to accommodate outdoor seating. We expect this program to be a huge help in driving business.”

“Local restaurants are struggling,” explained Randi Sidgmore, Founder and Director of the Sidgmore Family Foundation, the private family foundation behind the creation of Split The Bill NY. “Split The Bill NY is a way for locals to support these restaurants and their community, in a mutually beneficial way.”

The uncertainty of the COVID-19 pandemic has taken a toll on the restaurant industry and it is imperative to support our local restaurant owners,” Town of Hempstead Supervisor Don Clavin said. “At the Town of Hempstead, we’ve been at the forefront of advocating and providing for the safe and successful reopening of businesses by implementing the area’s first outdoor dining initiative and providing free PPE kits, among other initiatives aimed at boosting local downtowns. We’re truly thankful for the generosity of the Sidgmore Family Foundation to support local restaurants and commend the efforts of the Baldwin Civic Association to help bring this helpful program to the community.”

Many of these restaurant owners are always there for our communities, and this program provides a great opportunity for neighbors to return that generosity by supporting their local businesses, enjoying a meal and even being reimbursed for a portion of their bill thanks to the philanthropic efforts of the Sidgmore Family Foundation,” Town of Hempstead Councilman Chris Carini stated.

“The work of the Sidgmore Foundation and the Split the Bill program are precisely the type of creative Philanthropy that we need to help get us out to spend locally”, Eric Alexander, Director Vision Long Island, Founder, LI Main Street Alliance,  “The program has been a success and many more downtowns are requesting this service"

Nassau County Legislator Debra Mule and Erik Mahler the President of The Baldwin Chamber of Commerce attended the press conference kicking off the day and supported the program.

Split The Bill is hoping to expand its initiative to areas all over the country with the help of corporate or private foundations who are willing to fund a campaign in their town or city. If you are interested in funding a Split The Bill campaign in your area (can be outside of New York), send an email to contact@splitthebillny.com. In your email, please include some details about your foundation or organization.

Head on over to splitthebillny.com for more information and keep an eye on the page for the next downtown that they visit!

This Split the Bill event received coverage from Newsday, CBS Local 2, The Long Island Herald, and Long Island Business News.

Glen Cove BID Receives $5,000 PSEG Grant for Festival Lights

The days are getting shorter as winter approaches, and although there is less daylight falling on the streets of downtown Glen Cove, that doesn’t mean the streets will be darker. School Street has been lit up with festival lights, thanks to a grant secured by the Glen Cove Downtown Business Improvement District through PSEG Long Island.

The Downtown BID recently received a $5,000 grant through PSEG Long Island’s Main Street Revitalization program, an incentive to support the enhancement of outdoor spaces where businesses provide outdoor dining and commerce.

“PSEG Long Island created this new program to help small businesses successfully adapt to changes caused by the pandemic and continue to thrive,” said John Keating, manager of PSEG Long Island economic and community development. “The lighting paid for by our grant will illuminate the newly created outdoor spaces to increase visibility and allow people to dine out at night even as the days get shorter.”

The funding allowed the BID to purchase festival lights, hung from the lampposts across School Street and Glen Street as a way to brighten up the streets and encourage diners and shoppers to continue to support downtown businesses.

“Downtown Glen Cove has been on the path for much revitalization,” said Patricia Holman, executive director of the Downtown BID. “Since the pandemic, that path has been left with much uncertainty and the BID is here to support all our businesses in every way we are able to.”

Holman applied for the grant, available to local BIDs and Chambers of Commerce and designed to foster economic viability, vibrancy and support of local businesses, and was approved. This week, members of Glen Cove’s Department of Public Works began securing them across School Street.  “I was so elated that the BID was able to receive this grant, the lights across our downtown streets is something that our businesses and community are both very excited about.” Said Holman

“The Department of Public Works and the Glen Cove BID partnered up to bring festival lighting to School Street,” said Elizabeth Mestress of the DPW. “This is one of several projects the DPW has helped the BID with. We were fortunate to have Vincent Martinez and Mario Caldrone take over the installation and see the project to fruition.”

Throughout the year, the Glen Cove Business Improvement Districts holds a number of special events to help bring customers to downtown businesses. This year, most did not take place, though the BID continued their 24th year of Downtown Sounds virtually and initiate a Downtown Marketplace from 6 to 10 p.m. on Thursday through Saturday, when streets were closed throughout the downtown area of Glen Cove.  This initiative supported the restaurants by allowing additional seating in the streets of downtown. It was a huge help to the struggling restaurants and even provided an opportunity for many businesses to display their goods. Now that winter is approaching, the hope is that the brighter streets will make the area more festive and draw more potential customers.

“I think lights will attract more attention to our downtown area businesses at night,” said John Zozzaro, owner of the Downtown Café, “and maybe bring with it a little bit more foot traffic in the evenings for a lovely stroll.”

“Our downtown is transforming. The strung lights look terrific and add to the more welcoming environment we are creating. Covid or not, we are open for business,” said Danielle Fugazy Scagliola, a member of the Glen Cove City Council and a downtown business owner. “I would like to thank Patricia Holman, the BID and Vinny Martinez and Mario Caldrone for turning this vision into a reality. It will add to people’s enjoyment of the downtown at night.”

Huntington Nonprofit Seeks Funding for Town Parks

A Huntington-based nonprofit will seek to raise funds to help maintain and improve local parks in the Township of Huntington.

The organization, known as the 1653 Foundation, is seeking to restore, manage, and enhance parks and public spaces within the Township.  1635 founding member Robert Bontempi noted that this mission is one that towns and villages cans struggle with as they try to maintain open spaces for local residents.  The foundation is hoping to alleviate some of that struggle by providing a conduit for donations that benefit both Huntington and the person providing funds.

"There was no mechanism for corporations or individuals to give money that had a taxable benefit," said Mr. Bontempi. "So, if the Bontempi family wanted to give a donation to the general cause or a targeted project that the foundation is supporting they can do it now and get a taxable benefit."

Mr. Bontempi, who is vice chairperson of the Huntington Chamber of Commerce and a town planning board member, conceived the idea along with Brian Yudewitz, also a vice chairperson with the chamber, Mark McAteer, a principal with the landscape design company The Laurel Group, and Greg Wagner, former Huntington Town director of parks and recreation.  The foundation was originally formed in 2018 and is named after the year that the Town of Huntington was founded.

The foundation has drawn support from local officials, including Supervisor Chad Lupinacci and town board member Joan Cergol.  Board member Cergol recently co-sponsored a resolution to declare support for its mission and purpose.

"I’m excited about this partnership because it creates both an incentive and a mechanism for private investment in our town parks, which benefits everyone, most especially our residents," said Ms. Cergol.

You can read more at Newsday.

Kings Park Chamber of Commerce Announces 2020 Holiday Decorating Contest

The Kings Park Chamber of Commerce has announced a 2020 Holiday Decorating Contest that will be judged by local patrons.

Customers will be able to vote on the winners between December 1st and 15th, with the winner being announced on December 20th.  Each of the three winners will receive a $100 gift certificate and a plaque from the chamber as well as lots and lots publicity!

Winning businesses will also be featured in The Smithtown News and other local media, as well as all Chamber social media.

For more details, pleast contact Diane at diane@kingsparkli.com or 631-269-7678.

New York State Orders Curfews for Restaurants, Bars, and Gyms

In a blow to local businesses that are trying to recover from the coronavirus shutdown, New York has issued a new order that restaurants and bars must close by 10 pm beginning on Friday.  Gyms and fitness centers will also be subject to the order.

Cuomo also announced that indoor and outdoor gatherings in private homes will be restricted to no more than 10 people.  This is due to contact tracing that showed a recent spike in positive cases came as a result of indoor gatherings such as Halloween parties.  All of this has resulted in rising COVID-19 positivity rates, which recently hit 2.43 percent across a seven-day average.  That is the highest it has been since the end of May this year.

“If you look at where the cases are coming from, if you do the contact tracing, you’ll see they’re coming from three main areas: establishments where alcohol is served, gyms, and indoor gatherings at private homes,” Cuomo said. “The reason we have been successful in reducing the spread in New York is we have been a step ahead of COVID. You know where it’s going; stop it before it gets there.”

Restaurants will still be allowed to provide curb-side, food-only pick-up or delivery after 10 pm, but will not be permitted to serve alcohol to-go.  Local governments will be responsible for enforcing these new rules according to Governor Cuomo.

You can read more at Long Island Business News. The newsly issued NYS Executive Order can be found here.

LIBN Hosts Post-Election Discussion on Small Business

Special thanks to Joe Dowd and Ali Jabbour from LI Business News for hosting a great post-election discussion focused on small business, economic development and social divisions on their LIBNow show. 

Vision Long Island Director Eric Alexander was happy to be a part of the show along with Mark Meinberg from Eisner Amper, Dr. Marty Cantor, Kim Adragna from Grindhouse Radio, and all who brought some relevant perspectives to some chaotic times.

You can view the zoom meeting of this discussion here.

Hempstead and Long Island Hispanic Chamber Team Up to Provide Free PPE Kits for Local Business

With the holiday season quickly approaching and residents preparing to descend on local shops across the Town of Hempstead, Supervisor Don Clavin and the Hempstead Town Board are teaming up with the Long Island Hispanic Chamber of Commerce to provide free personal protective equipment (PPE) kits to small businesses to help protect employees and shoppers against the COVID-19 virus.

Supervisor Clavin announced the new initiative at The Cuban in Garden City, and was joined by Long Island Hispanic Chamber of Commerce President Luis Vazquez, as well as Hempstead Town Senior Councilwoman Dorothy Goosby, Councilman Bruce Blakeman, Councilman Anthony D’Esposito, Councilman Dennis Dunne, Sr., Councilman Tom Muscarella, Councilman Chris Carini, Town Clerk Kate Murray and Receiver of Taxes Jeanine Driscoll.

“Particularly during a time when residents begin their holiday shopping, we wanted to ensure that all of our local businesses have the protective equipment and cleaning supplies that are essential to keeping employees and customers safe in the midst of the COVID-19 pandemic,” stated Supervisor Clavin. “The Town of Hempstead is grateful to President Luis Vazquez and the Long Island Hispanic Chamber of Commerce for partnering with us on this initiative to help us reach our Spanish-language business owners, as well as thousands of business owners who have already received their free kits.”

The Town of Hempstead and Long Island Hispanic Chamber of Commerce are working together on an awareness campaign for the PPE kits, helping businesses sign up for the free program and setting up distribution dates. Bilingual applications and flyers are being distributed to help publicize this essential service.

“It is a great honor for the Long Island Hispanic Chamber of Commerce to collaborate with Hempstead Town Supervisor Donald Clavin and the Town of Hempstead in an effort to get necessary PPE Kits out to our most vulnerable minority, and Hispanic communities in the Town of Hempstead,” added Luis Vazquez, President of the Long Island Hispanic Chamber of Commerce. “Many thanks for the opportunity.”

The town has distributed thousands of PPE kits to businesses in the Town of Hempstead. Each kit includes one contactless infrared digital thermometer, five face shields, eight boxes of 50 three-ply masks, two boxes of 100 pairs of powder-free and vinyl gloves, two gallons of hand sanitizer with a spray pump and one canister of 1,500 sanitizing wipes. This initiative has been made possible through funding from the federal CARES Act, which provided a $133 million grant to the Town of Hempstead to distribute economic relief grants to alleviate some of the adverse effects that have arisen due to the pandemic. 

“Councilmanic District 1 is home to many Hispanic residents and businesses, and I thank Supervisor Clavin and the Long Island Hispanic Chamber of Commerce for helping these establishments obtain the supplies and safety equipment they need,” said Senior Councilwoman Goosby.

Visit hempsteadny.gov/ppe-giveaway to learn more about the program or apply for a PPE kit. Visit https://hempsteadny.gov/ppe-giveaway-spanish for the Spanish language application. Information regarding eligibility to apply is provided on the website. Note, when applying for PPE kits you will be asked to enter your Employer Identification Number. The application is available in both English and Spanish languages.

Town of Babylon IDA Seeks Insight from Black and Brown Millennials

The Town of Babylon IDA has released a survey seeking the input of Long Island’s black and brown millennials as they seek to determine their current socio-economic needs.

This data collection is an essential step in providing solutions to issues that are currently facing the demographic.  It will be integral to assisting millennials from diverse backgrounds with access to opportunities of equity in workforce, economic, and public policy alternatives.

The voluntary survey will seek to preserve anonymity and confidentiality, and will not identify any participants.  Survey responses are completely confidential and anonymous.

If you have any questions concerning this study, you can contact Dr. Martin Cantor at the Babylon IDA by phone at 631-491-1388, or email at ecodev1@aol.com.

You can take the survey here.

The INN Organization to Hold Thanksgiving Curbside Food Drive on Nov 14th

The INN organization will hold its second curbside food drive this coming Saturday, November 14th from 10 am to noon at the Mary Brennan INN soup kitchen, 100 Madison Avenue in Hempstead.  This will be a safe, no-contact drive where donors will place donations on a table with a masked volunteer standing at a safe distance.  The volunteer will then retrieve the donation after the donor leaves.

If you’re interested in donating you can view a full list of items they are accepting here.  For any questions, please call 516-732-6009.

People’s United Advisors to Host Market Update Call on Nov 17th

Please join People’s United Advisors for a live conversation focused on the election results, the political environment, the current state of the pandemic, and the implications for investors. Senior leaders from People's United Advisors will respond to client questions and share insights on the market.

The event, titled What’s Next? Insights on the Election Results, the Markets, the Pandemic, and What Investors can Expect in 2021, will take place on November 17th, from 9 am to 9:30 am.  The agenda will include the following three panels:

Opening Remarks by Michael Boardman, President, People's United Advisors; Implications for Investors with John Traynor, Chief Investment Officer and Albert Brenner, CFA, Director of Investment and Economic Research, and Client Questions with Members of the People's United Advisors Senior Investment Team

Anyone interested in the event can register for the call here.

32nd Annual Keys for the Homeless Conference to take Place Virtually on November 18th

The Long Island Coalition for the Homeless is holding its 32nd Annual Keys for the Homeless Conference online this year to help bring relief to Long Island’s struggling homeless population.

This year’s event will take place on November 18th from 9 am to 3:30 virtually and will feature 14 workshop topics that address what can be done to help the most vulnerable residents in our region.  The theme for the conference is “Adapting to Changing Times: Where Do We Go From Here?”  Marc Dones, the Executive Director of National Innovation Services will be this year’s Keynote Speaker.

The Coalition is responsible for leading the region’s initiative to serve our most vulnerable and reducing barriers to housing.  With their Continuum of Care partners, they have referred more than 200 homeless households for permanent housing.  Throughout the years they have helped to guide over two hundred million dollars of US Department of Housing and Urban Development CoC funding to Long Island agencies, resulting in the development of over 2,700 units of housing for homeless persons. 

You can register to attend, become a sponsor, or exhibitor for this event here.  A full schedule of the workshops for the event is available here.

Town of Babylon IDA to Host New York Forward Application Webinar on November 19th

The Town of Babylon IDA will be hosting a webinar titled Submitting a Strong Application for the New York Forward Loan Fuind.

The free webinar on the New York Forward Loan Fund, a New York State Initiative providing low-interest loans to the small business owners, landlords, and nonprofits experiencing income loss due to COVID-19.

Presenters will walk through the program’s application requirements and answer questions from potential applicants and community members looking to help local small business owners or nonprofits access the NYFLF.  Tune into this webinar and walk away with a strong understanding of the requirements needed to put together a successful application.

The event will take place on Thursday, November 19th, at 5:30 pm.  Anyone interested can register for the event here.

Long Island Coalition for the Homeless Seeks Crisis Counselors

Responsible for providing crisis counseling to individuals, households and groups experiencing crisis as a result of COVID-19 and provide supports, including linkages to essential services, benefits, and more in-depth mental health counseling as necessary and appropriate.

Crisis counselors will work with the Long Island Coalition for the Homeless’ Coordinated Entry Team and support housing-focused case management for households experiencing long-term homelessness either living on the street or living in shelter. Outreach will be assigned and targeted based regional needs related to the areas which have been most impacted by COVID and having households that have the highest levels of vulnerability and most significant barriers to exiting homelessness on their own. Crisis Counselors must be highly mobile (personal vehicle w/ reimbursed mileage) and will be assigned households that are experiencing homelessness or are at risk of homelessness in Suffolk counties.

Engagements focus around direct and person-centered support in obtaining necessary documentation/applying for various housing programs, as well as connecting households to other services that relate to housing placement and housing retention, such as employment, entitlements/benefits, medical/clinical services, linkages to care coordination, budgeting and credit, legal, and other services for which they are eligible and interested in.

Community Crisis Counselors will be responsible for hotline monitoring, referrals and support, homelessness diversion and community outreach and education in addition to crisis counseling

ESSENTIAL DUTIES AND RESPONSIBILITIES include the following. Other duties may be assigned.

● Works with individuals, families, and groups to provide outreach, emotional support, individual and group crisis counseling, public education, and referrals when needed.
● Is synonymous with term “outreach worker.”
● Represents program in the community and networks with other agencies and partners to ensure needs of survivors are met.
● Provides presentations to community groups on disaster reactions, coping skills, stress management, and the CCP.
● May use the mobile application to complete data forms.

QUALIFICATIONS: 

Must have a willingness to provide Crisis Counseling services in a caring manner within the parameters of the FEMA CCP

Must have a commitment to organization’s mission and goals. Must be self-motivated; must be able to work effectively with diverse people and personalities and as a member of a team. Bilingual (Spanish and English) preferred. Experience/knowledge in trauma-informed care and motivational interviewing a plus.

Must have access to a personal vehicle for travel within Suffolk County

These positions will require local travel as needed. A clean Driver’s License and private vehicle are required. 

Benefits after probationary period will be available. These include paid time off (vacation, holiday, sick, personal), medical insurance for the employee (premium paid by LICH), Dental and Vision insurance optional, Life Insurance for the employee and Simple IRA plan (with employer match).

Interested parties should submit a resume and salary requirements via email to gguarton@addressthehomeless.org, specifying which position the candidate is seeking.  Please do not call the Long Island Coalition for the Homeless regarding this position.  Questions should be submitted via email only.

LIDC Offers EDA CARES Act Revolving Loan Fund

The Long Island Development Corporation (LIDC) was selected to exclusively offer a novel low-cost loan program to aid Nassau and Suffolk County based businesses that have been impacted by the COVID-19 pandemic.

US Department of Commerce, Economic Development Administration (EDA), Coronavirus Aid, Relief, and Economic Security (CARES) Act Revolving Loan Fund Supplemental Disaster Recovery and Resiliency Investment.

Revolving Loan Fund (RLF) to alleviate sudden and severe economic dislocation caused by the coronavirus (COVID-19) pandemic, to provide permanent resources to support economic resiliency, and to further the long-term economic adjustment objectives of the Long Island region.

•             $50,000 - $500,000 business loans for Long Island’s businesses that were affected by COVID-19.
•             Simple rate at 1% first year, 2% second year, 3% third year, then after 5% for the remaining life of loan, 5 - 10 years term.
•             Working capital funding that also can be utilized for COVID- 19 preparedness, workplace safety, PPP, and economic recovery – hiring back furloughed or laid-off workers and/or new hires.
•             Manufactures, agricultural, aquaculture, wineries, breweries, commercial fisheries, wholesale or business to business, distributors, legal practice, accounting practice medical practice, construction, transportation, computer software, computer hardware, bio-tech, bio-medical, pharmaceutical, electronics, advanced optics, entrepreneurial incubators, environmental or energy related technology, project resulting in industrial modernization or innovation in life sciences.
•             A sliding scale application fee and 1% amount of loan commitment fee are both due at commitment.
You can contact the LIDC to apply for this program here.

Orgs Team up to Provide Grants for Black-Owned Businesses

The Long Island African Chamber of Commerce and Wish Local have teamed up to provide grants for local black-owned businesses.  There are no specific parameters surrounding the allocation of funds, but Wish Local recommends using the money for employment needs, paying rent or operational costs, connecting with new customers, and providing opportunities in the community.

Eligible candidates must be a black-owned business with an applicant at least 18 years of age or older.  Candidates must also be in a brick-and-mortar shop and employ 20 or less employees.  The shop’s annual revenue must be under a million dollars.

Those selected must also sign up for Wish Local, which is a series of programs that allow small businesses to participate with Wish, including selling inventory on the platform and sourcing wholesale items and more.

Applicants can fill out a form online at Wish Local Empowerment Program.

NYSERDA, Affordable Solar and Storage Predevelopment and Technical Assistance (Predevelopment Program)

The Predevelopment Program provides grants to address barriers to solar installations serving low-to-moderate income (LMI) households living in rental housing, multifamily buildings or other households not served by traditional on-site residential solar. Individual awards will not exceed $200,000. Funding to proposals through this solicitation will offset costs for predevelopment and technical assistance work needed to implement solar installations for multifamily affordable housing and/or shared solar (Community Distributed Generation) installations that benefit LMI households.

- Eligibility: Applications must be submitted by or include the documented participation of any of the following: owners, providers or managers of regulated multifamily affordable housing, community land trusts, land banks or portfolios of single-family affordable housing; local government agencies; Community Development Corporations (CDC), Community Development Financial Institutions (CDFI) or other community organizations providing services to LMI households and/or demonstrating an LMI constituency; and prior recipients of Predevelopment Program grants seeking to replicate and expand upon the success from a prior completed Predevelopment

Program project.

- Funding: Up to $10.65 million is available with individual awards not to exceed $200,000.
- Deadline: Continuous through December 31, 2024, or until depleted
- Contact:
Email: affordablesolar@nyserda.ny.gov
Website: www.nyserda.ny.gov/funding

New York State Accepting Applications for NY Forward Loan Fund

New York State has opened pre-applications for the New York Forward Loan Fund. Loans from this fund are available to small businesses, nonprofits, and small landlords in New York State. New York Forward loans must be fully repaid over a 5-year term with fixed annual interest rates of 3 percent for small businesses and landlords.

Small businesses may apply for the lesser of $100,000 or up to 100% of the average monthly revenues in any 3-month period from 2019 or the first quarter of 2020. This loan can be paid back over five years with first year being interest only.  However, if small businesses have received either a PPP loan or an EIDL loan from SBA, they would not be eligible to apply. NYS has set a goal of 18% of total funds under this Program for Long Island

Applications will be reviewed on a rolling basis as industries and regions reopen however, priority for New York Forward Loans will be given to industries and regions that have been reopened. Resources are available to assist in preparing applications for small businesses, landlords and nonprofits in industries and regions that have not yet reopened.

To view more details, including eligibility requirements and how to apply, click here:

If you need technical assistance through this process, please contact an Entrepreneurial Assistance Center near you and inform the counselor that you need help for the NY Forward Loan application.  You can find your closest contact center here.

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