[Fredslist] NYC Employee Retention Grant Program

[Amparo Connors]

This may be of great help to some of you or for your NYC clients. As my Temps as considered my 'employees' I do not qualify. Good luck to anyone that applies!
May you all stay safe & well, all my best; Amparo

https://www1.nyc.gov/nycbusiness/article/nyc-employee-retention-grant-program

NYC Employee Retention Grant Program
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To help small businesses deal with the impact of COVID-19, the City has launched the Employee Retention Grant Program to help retain employees as businesses face decreased revenue. This program is available to New York City businesses with one to four employees that can demonstrate at least a 25% decrease in revenue as a result of COVID-19. Eligible businesses will receive a grant covering up to 40% of their payroll for two months. Businesses can access up to $27,000.
Who Can Apply?
Businesses, including non-profits, must:
*       Be located within the five boroughs of New York City
*       Demonstrate that the COVID-19 outbreak caused at least a 25% decrease in revenue
*       Employ 1-4 employees in total across all locations
*       Have been in operation for at least 6 months
*       Have no outstanding tax liens or legal judgements
Revenue Loss
To calculate the revenue impact of COVID-19, we will compare average revenue for two months in 2020 (after the COVID-19 impact) to both:
*       average revenue for the same two month period in 2019, and
*       average monthly revenue based on total 2019 revenue.
We will check to see if either calculation shows at least a 25% decrease in revenue
Supporting Documents
To verify the loss of revenue, you will need to upload:
*       Financial documents for two months in 2020 demonstrating revenue decrease due to COVID-19
*       Financial documents showing your revenue for the same two months in 2019 (unless you were not in business at that time)
*       Financial documents showing your revenue for the full 2019 calendar year
Financial documents can include: point-of-sales reports, bank statements, quarterly sales tax filings, 2019 tax returns, or CPA-certified profit & loss statements.

To determine your grant amount, you will need to upload:
*       Your most recent two months of payroll records
To process your grant, you will need to upload:
*       A signed Participation Affidavit<https://www1.nyc.gov/assets/sbs/downloads/pdf/businesses/COVID19_ERG_participation_affidavit_form.pdf> verifying that you are eligible for the program and that you are applying in order to retain your employees
*       Your bank account information
How to Apply
You can apply for the program by following the steps below:
1.    Review our program guidelines and determine if your business is eligible.
2.    Gather the appropriate documents<https://www1.nyc.gov/assets/sbs/downloads/pdf/businesses/COVID19_ERG_Application_Document_Checklist.pdf>.
3.    Visit SBS Connect and log in to your account to begin your application.
 Apply<https://sbsconnect.nyc.gov/covid/eligibility/>
SBS staff can answer any additional questions you have. Contact us via the Support Page<https://sbsconnect.nyc.gov/contact/>. If you are only interested in the NYC Small Business Continuity Loan Program, please complete our interest form to be notified when the applications open.<https://www.surveymonkey.com/r/N336ZYB>


Amparo M .Connors, President
Allied Personnel Services, Inc., Green Staff NY
NY City & State Certified M/WBE
718.261.7979  ~  212.451.0235
Corp HQ: 118-21 Queens Boulevard; Suite 610 Forest Hills NY 11375
amparo at alliedpersonnel.com<mailto:amparo at alliedpersonnel.com>                      www.alliedpersonnel.com<http://www.alliedpersonnel.com/>

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