Overview The New York State 2021–22 Executive Budget passed in March includes $1 billion in financial relief for small businesses. The funding initiatives include: $800 million for the Pandemic Small Business Recovery Grant Program, $25 million for the Restaurant Resiliency Program, $40 million to Arts & Cultural Organizations, $100 million NYC Musical and Theatrical Production Tax Credit, and $35 million Restaurant Return to Work Credit.
The $1 billion Business Pandemic Recovery Initiative is administered by the Empire State Development Corporation (ESD). Access to these programs is crucial for the 27th District so my office and I have compiled information on each program and will keep you updated as more details and applications are finalized.