NYS Small Business Seed Funding Grant Program – Empire State Development

by | Sep 13, 2022 | Business

The successful recovery and growth of small businesses like yours is key to New York State’s future. The $200 million Small Business Seed Funding Grant Program provides grant funding to early stage small and micro businesses and for-profit independent arts and cultural organizations impacted by the pandemic. The grants will be flexible and can be used for a number of different business operating expenses, including payroll, rent or mortgage payments, taxes, utilities, PPE or other business expenses incurred between September 1, 2018 and January 1, 2022.

Eligible Business Qualifications
Small businesses, Micro-businesses and For-profit independent arts and cultural organizations, including independent arts contractors submitting an application for a grant award to the Program (collectively, “Eligible Applicants”) must:
Be incorporated in New York State or licensed or registered to do business in New York State and must be resident in the State of New York;
Be a currently viable micro-business, small business, or for-profit arts and cultural organization including independent arts contractors that started business on September 1, 2018 or later and have been operational for at least six months before an application is submitted;
Have between five thousand dollars ($5,000) and one million dollars ($1,000,000) in gross receipts per annum as reflected on their most recent Federal Business Tax Return (line 1a, IRS Form 1120 or 1065; line 1 IRS Form 1040 Schedule C) or be able to demonstrate five thousand dollars ($5,000) in business expenses for businesses that have not yet filed a Federal Business Tax Return;
Be in substantial compliance with applicable federal, state and local laws, regulations …

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