WHO'S

ELIGIBLE

NYC EMPLOYEE RETENTION GRANT

grant

AMOUNT

decrease in

revenues

time in

business

liens and 

judgments

Allowable Use of grant Proceeds

application

processing timeframe

Small businesses located within five boroughs of New York City with 1-4 employees

Up to $27,000 to cover 40% of payroll costs for two months 

Must demonstrate the business suffered at least 25% decrease in revenues due to COVID -19. NYC Small Business Services will compare average revenue for two months in 2020 after the COVID-19 impact to both (a) average revenue for the same two months of 2019, and (b) the average monthly 2019 revenue

Payroll costs

Business must have been in operation for at least 6 months

Business must have no judgment or tax liens

APPLICATION

DEADLINE

READY TO APPLY? 

TBD

Supporting Documents needed

  • Revenue Statements for two consecutive months in 2020

  • Revenue Statements for same two consecutive months in 2019

  • Annual Revenue Statements for 2019

  • Payroll Records for each Employee

  • Proof of NYC location

April 3, 2020

Original on Transparent.png
1 World Trade Center
Suite 8500 
New York, NY 10007
  • Facebook
  • LinkedIn

© 2020 Ishimbayev Law Firm, P.C. All rights reserved.