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Keep In Touch

During this extraordinarily challenging time, the Throggs Neck Bid wishes to thank those who continue to serve our community. Those who work in hospitals, members of the NYPD, the Fire Department, EMS, Sanitation, transportation staff, food services, and, of course, those we have contracted with to provide extra cleanups for the BID area, you are all heroes, and we salute you!

DURING THE COVID-19 EMERGENCY, THE BID REMAINS IN OPERATION, EVEN WHEN OUR PHYSICAL OFFICE IS CLOSED. PHONE US AT 347-281-8323. EMAIL US AT throggsneckbid@gmail.com

Is your restaurant or grocery store selling meals or food for take-out or delivery? Let us know and we’ll mention you on our Facebook page!

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What's Happening This Month

Help for Business Owners during the Covid Crisis

The U. S. Small Business Administration and the NYC Business Solutions have programs to assist small businesses impacted by the COVID-19. Details of loan and grant programs in place and being finalized.

Further information of the SBA.gov website and NYC.gov/sbs/businesses/covid-19-business-financial-assistance.page

The Bronx SBDC at Lehman College business advisors ready to assist. Contact us via our email at sbdc.bronx@lehman.cuny.edu or leave message at 718-960-8806.

For additional information, contact:

Clarence Stanley, Executive Director CLARENCE.STANLEY@lehman.cuny.edu

Small Business Development Center

Lehman College School of Continuing & Professional Studies

250 Bedford Park Blvd. West, Carman Hall 128

Bronx, NY 10468

(718) 960-8697
Cell (718-960-8806

Fax (718) 960-7340

Assistance & Guidance for Businesses Impacted Due to Novel Coronavirus

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. Businesses with fewer than 100 employees who have seen sales decreases of 25% or more will be eligible for zero interest loans of up to $75,000 to help mitigate losses in profit.

Please complete this interest form if your business has been affected
by COVID-19 to receive information on obtaining loan assistance

The City is also offering small businesses with fewer than 5 employees a grant to cover 40% of payroll costs for two months to help retain employees.

Learn More and Apply for the NYC Employee Retention Grant Program

Learn more about financial assistance for businesses impacted by COVID-19.

Below is some information to help you and your business stay safe and prevent the spread of germs. This is a rapidly changing situation, visit the NYC Health website for more up-to-date information, including FAQs for employers.

We encourage you to sign up to receive updates, and please continue to monitor your email – we will send information regarding the new loan and grant program for impacted small businesses, including application links, in the coming days.

Here is some information to help your business combat the spread of germs and tips to address changing behavior.

Business Continuity Planning Checklist

Business Planning Checklist for Pandemics

Eligibility Criteria for the NYC Employee Retention Grant Program 

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

Eligibility Criteria for the NYC Small Business Continuity Fund 

Businesses 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 99 employees or fewer in total across all locations
  •                Demonstrate ability to repay the loan
  •                Have no outstanding tax liens or legal judgements

We will be in touch as soon as possible about the application process and next steps. 

You can help your businesses begin to gather the documents they are likely to need in preparation

As part of the applications, businesses will be required to demonstrate a revenue decrease by providing documentation such as: point-of-sales reports, bank statements, quarterly sales tax filings, 2019 tax returns, or CPA-certified profit & loss statements.

The situation is quickly changing. We recommend visiting www.nyc.gov/coronavirus for the most up-to-date information from the NYC Department of Health. You can also visit www.nyc.gov/covid19biz for best business practices and updates regarding financial assistance.  

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Important Announcements

Latest Information for Small Business During the Covid Crisis

Application Open: Very Small Business Employee Retention Grant
The Mayor’s Office announced assistance programs to support very small businesses impacted by COVID-19 including employee retention grants and no-interest loans.  
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.
 
APPLY HERE
(You will need to create an SBS Log In account to move forward with the application.)
NYC Small Business Continuity Fund
Zero-Interest Loan Information Businesses with fewer than 100 employees who are seeing a decrease in revenue of 25% or more will be eligible for zero-interest loans up to $75,000 to help mitigate losses in profit.   For more information on the NYC Small Business Continuity Fund, and to receive updates from NYC Department of Small Business Services, take the SBS COVID-19 Business Assistance Survey.   Sign up to receive updates from NYC SBS

COVID-19 and your business

From NYC SBS:  I am reaching out today to offer more information about financial assistance available to help businesses impacted by COVID-19. The agency is working quickly as we can to provide a zero-interest loan program and an employee retention grant. Last night every business who completed the survey on our website should have received more information about eligibility for the new programs.

As we get these programs live, it would be good for your businesses to begin gathering the materials for their applications so that they have everything they need to complete them. Please review the eligibility requirements below. The application for the grant is expected to be open early next week, with the loan application to follow.

The SBS Partner call on Tuesday, March 17th at 11 AM will focus on these programs, and I recommend that you dial-in with any questions you might have about helping your businesses prepare and apply for these programs. An invite and dial-in will be sent by the agency on Monday. Please note this invite will not come from the BID team.

Eligibility Criteria for the NYC Employee Retention Grant Program 

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

Eligibility Criteria for the NYC Small Business Continuity Fund 

Businesses 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 99 employees or fewer in total across all locations
  •                Demonstrate ability to repay the loan
  •                Have no outstanding tax liens or legal judgements

We will be in touch as soon as possible about the application process and next steps. 

You can help your businesses begin to gather the documents they are likely to need in preparation

As part of the applications, businesses will be required to demonstrate a revenue decrease by providing documentation such as: point-of-sales reports, bank statements, quarterly sales tax filings, 2019 tax returns, or CPA-certified profit & loss statements.

The situation is quickly changing. We recommend visiting www.nyc.gov/coronavirus for the most up-to-date information from the NYC Department of Health. You can also visit www.nyc.gov/covid19biz for best business practices and updates regarding financial assistance.  

We will continue to send updates as soon as more information becomes available.

Please continue to reach out with any and all questions or concerns, and be well.

Roxanne Earley | Director
Business Improvement District Program

NYC Department of Small Business Services
1 Liberty Plaza, 11th Floor
T 212.618.8956 | C 646.951.5910 | rearley@sbs.nyc.gov

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The Throggs Neck Bid has been established to make your community a better place to live, shop, work and do business. Feel free to contact us at Throggsneckbid@gmail.com.

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