Community Alerts

COVID-19 Information for Businesses

Apr 3, 2020
COVID-19

UPDATED! As the COVID-19 virus continues to spread around New York City and surrounding areas, it is important to be informed and track the impact of the virus on your business operations, and to be aware of how your business may be able to receive assistance during the pandemic. While we will update this page as new information becomes available, please see the individual websites for up-to-date details of various aid programs.

Financial Assistance

NYC Department of Small Business Services - COVID-19 Assistance & Guidance for Businesses

Mayor Bill de Blasio announced on March 8 that the City will provide relief for small businesses across the City seeing a reduction in revenue because of COVID-19:    

 

Applications are now open! U.S. Small Business Administration - Coronavirus (COVID-19) Small Business Guidance & Loan Resources - Click here to apply!

The U.S. SBA offers support and guidance to small businesses, such as:

  • Guidance for Businesses and Employers 
  • Economic Injury Disaster Loan Program
  • SBA Products and Resources
  • Government Contracting

Hebrew Free Loan Society - Coronavirus Financial Impact Loan Program

Hebrew Free Loan Society is providing loans to support individuals with financial challenges caused by the Coronavirus outbreak.

Facebook - Small Business Grants Program

Facebook is offering $100M in cash grants and ad credits for up to 30,000 eligible small businesses in over 30 countries where Facebook operates. 

New York Community Trust - NYC COVID-19 Response & Impact Fund

The NYC COVID-19 Response & Impact Fund was created to aid nonprofit service providers struggling with the health and economic effects of the coronavirus. It will give grants and loans to NYC-based nonprofits that are trying to meet the new and urgent needs that are hitting the city. Priority will be given to nonprofits addressing essential healthcare and food insecurity as well as arts and culture, because New York is the cultural capital of the nation. Your gift will help nonprofits with a variety of needs, including protective equipment, cleaning supplies, technological assistance, and support for financial losses.

Verizon & LISC - www.lisc.org/our-stories/story/verizon-and-lisc-fire-25-million-small-business-covid-19-recovery-fund

LISC is offering grants to help small businesses fill urgent financial gaps until they can resume normal operations or until other more permanent financing becomes available. For questions or troubleshooting, please contact verizongrantsinfo@lisc.org, or contact Paola Garrido-Estevez or Thomas Mitchell from LISC NYC. Learn more and apply here. Note: This application closes on Saturday, April 4th at 11:59PM 

Guidance 

IRS Federal Income Tax Filing—Deadline Extended to July 15, 2020

The Treasury Department and the Internal Revenue Service are providing special tax filing and payment relief to individuals and businesses in response to the COVID-19 Outbreak. The filing deadline for tax returns has been extended from April 15 to July 15, 2020. For more information, please visit the IRS website.

New York State Department of Labor

  • Unemployment Insurance—New York State is waiving the 7-day waiting period for Unemployment Insurance benefits for people who are out of work due to Coronavirus (COVID-19) closures or quarantines.

  • Shared Work ProgramThe Shared Work Program lets you keep trained staff and avoid layoffs. Employees can receive partial Unemployment Insurance benefits while working reduced hours. Full-time, part-time and seasonal employees are eligible.

New York State Department of Taxation and Finance - Response to Coronavirus (COVID-19)

Sales tax payments and returns were due March 20, 2020; however, penalty and interest may be waived for quarterly and annual filers who were unable to file or pay on time due to COVID-19. See Tax relief for quarterly and annual sales tax vendors affected by COVID-19 to request relief from penalty and interest.

NYC Department of Finance

The NYC Department of Finance recognizes that taxpayers and return preparers affected by the COVID-19 outbreak may be unable to meet certain New York City filing and payment deadlines. As a result, NYC DOF is offering the following filing extensions:

NYC Emergency Management - COVID-19 Services and Resources

The City of New York has developed a list of resources for those who may be unemployed due to COVID-19 or are seeking additional assistance, such as:

  • Employment Resources
  • Food Assistance
  • Health & Medical Assistance
  • Financial Assistance
  • Rent Arrears & Public Assistance
  • Emotional Support & Spiritual Care
  • Other Assistance

NYC Hospitality Alliance - COVID-19 Support and Relief Efforts

The NYC Hospitality Alliance is providing restaurants and nightlife establishments with COVID-19 Support and Relief Efforts for Operators and Employees, such as:

  • Employment Opportunities
  • Financial Aid
  • Food Donations
  • Hotlines & Consulting
  • Online Ordering & Gift Cards

For more information on NYC business assistance, including a guidance guide for businesses, an emergency planning process checklist and a CDC business planning checklist for pandemics, visit the NYC Department of Small Business Services by visiting nyc.gov/covid19biz

And, for the most up-to-date information on the impact of COVID-19 visit the New York State Department of Health at ny.gov/coronavirus and the New York City Department of Health at nyc.gov/coronavirus.

Original Post: 3.11.20; Updated regularly

Photo credit: NYC Department of Small Business Services