You may have heard about the recent Small Business Recovery Grant Program that brings grant funds to small businesses across New York State, including farms. For more information, visit the NYS website here.

To qualify, you must: 

• Have 2019 or 2020 Gross Receipts between $25,000 and $2,500,000 (Schedule F or Schedule C)
• Have a NET PROFIT in 2019 of $1 or greater (Line 34 on the Schedule F)
• Show a 25% loss in gross receipts from 2019 to 2020

You can receive:

• $5,000/business if your gross receipts are $25,000 - $49,999
• $10,000/business with gross receipts of $50,000 - $99,999
• 10% of gross receipts of $100,000 - $2,500,000

You can use the grant reimbursement funds on any COVID-19 related expenses between March 1, 2020 to April 1, 2021.This includes payroll, commercial rent or mortgage payments, local or school taxes, insurance, utilities, PPE purchases, and other related supplies. 

The application is straightforward, but does take some time to compile all of the documents. For more information, contact Katelyn Walley-Stoll at 716-640-0522.