The Empire State Development, President and CEO - Eric Gertler, hosted a virtual presentation on New York State’s FY 2022 State Budget for the Greater New York Chamber Members.

The budget builds on the bold vision to reimagine, rebuild & renew New York by supporting pandemic recovery of highly-impacted small businesses, restaurants and the arts & entertainment industries, placing a cap on broadband for low-income families, providing billions in rent relief and to preserve 100,000 affordable homes, investments from the private and public sectors to create Green Economy opportunities and create the nation’s largest infrastructure plan to drive growth and opportunity for all.

The Greater New York Chamber continues to host informative educational webinars on their weekly "Small Business Friday Celebration". The SBA presented to the GNYCC the "up to date" financial relief programs being offered to businesses. PPP, EIDL, "the new" SVO Grant Program, SBA Express Bridge Loan and SBA Debt Relief Program.

Sr. Business Development Manager of NetElixir, Anthony Turco hosted a webinar at the Greater NY Chamber of Commerce " Small Business Friday's" and presented "How to Properly Invite In Digital Marketing and Build a Growth Plan That Works". Businesses learned how to develop a blueprint of their online site, choosing the right platforms, setting goals for your digital investment, how to sustain your investment, and more! For the entire presentation you can watch it on "Chamber TV".

What is Global NY?
Global NY’s mission is to promote competitiveness and foster economic activity by helping New York State small businesses export their products and services globally. Under the Empire State Development Global NY banner, we also attract international businesses to consider expansion to NYS through various incentives. “One-stop” shop for international initiatives.
For more information on Global NY programs: https://esd.ny.gov/global-ny-export-assistance

PPP Eligibility Requirements for Borrowers to Receive a 2nd PPP Loan
PPP loan borrowers can apply for an additional loan of up to $2 million, if they meet the following requirements:
• Have 300 or fewer employees
• Have used or will use all of the proceeds from their first PPP loan
• Had a 25% or greater reduction of “gross receipts” when comparing any quarter in 2020 to the same quarter in 2019
In addition, the following stipulations apply to this round of PPP loans:
• The PPP-2 loans cannot exceed $2 million
• The loan is based on 2.5 x average monthly payroll costs in 1-year prior to loan or calendar year 2019
• For Borrowers with NAICS codes starting with 72 (i.e., hotels and restaurants), the loan is based on 3.5 x average monthly payroll costs

Here's a breakdown of what's in the bill:
It would revive the supplemental federal unemployment insurance benefit, giving an extra $300 a week to those receiving state unemployment benefits.

The federal government would distribute another round of direct payment checks, $600 for individuals making up to $75,000 a year and $1,200 for couples making up to $150,000 per year, as well as a $600 payment for each dependent child.

NY’s best networking event that always provides valuable information from hundreds of exhibitors & experts. This expo is designed to help startups, sole proprietors, entrepreneurs & small businesses meet with major corporations, foreign consulates, public officials as well as federal, state & city agencies to operate more profitably and efficiently.