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Grant proceeds are taxed. If you received a grant from the New York State COVID-19 Pandemic Small Business Recovery Grant Program in 2022, you will need to report it on your upcoming 2022 tax returns.
Description. State entities will administer $2.0 billion of support for small business recovery, including: $512.5 million of federal funds administered by Empire State Development for the State Small Business Credit Initiative (SSBCI) program to increase access to credit for small businesses impacted by the pandemic.
Eligible Business Qualifications * Eligible Applicants may have received or been awarded the following federal assistance: Paycheck Protection Program loans totaling $250,000 or less. Economic Injury Disaster Loan (EIDL) for COVID-19 of any size. COVID-19 EIDL Advance Grant of any size.
Small businesses, micro businesses, and non-profits in LA county may qualify for financial relief through our Economic Opportunity Grants (EOG) program. EOG offers $54+ million in grant awards ranging from $2500 to $25,000, technical assistance, and other County services to help businesses recover, stabilize, and grow!
Businesses with $5,000 and up to $49,999.99 in gross receipts: Award is $5,000/business. Businesses with $50,000 ? $99,999.99 in gross receipts: Award is $10,000/business.