Monday, October 20, 2014

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Fund Helps Lower Manhattan Businesses Recover After Sandy

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TWC News: Fund Helps Lower Manhattan Businesses Recover After Sandy
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The Partnership for New York City Fund, which helped Lower Manhattan businesses recover after September 11th, is launching a grant program for owners struggling to bounce back from Hurricane Sandy.

The fund is offering grants of up to $5,000 to eligible small businesses south of Canal Street.

The Partnership joined the Asian-Americans for Equality in Chinatown to announce the program Thursday.

"Even if they are reopened, many of them have to lay off workers, or difficulty in terms of cash flow, and so we wanted to let them know that we'll be able to provide grant support and loan support as well," said Christopher Kui of Asian-Americans for Equality.

"When I look at my statement, my business report, and I compare with the last year, it's totally different, and the business [is] really slow," said one small business owner.

About $200,000 in grants will be available in total.

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