Eligible businesses can secure up to $90,000 to improve operations, recruit and train employees, update technology, enhance their storefronts, or improve financial management.
"This is a really exciting opportunity for small businesses," said chamber executive director John Choe. "Small businesses are often hard pressed to find the kind of money they need for marketing or creating a website or improving their premises."
The Love Your Local grants, which include in-depth business consultations delivered by industry experts, are open to long term, non-franchise small businesses.
A total of $1.8 million will be distributed to 20 mom-and-pop stores throughout the five boroughs by the city's Department of Small Business Services (SBS). The grants are designed to help local businesses continue providing the jobs, goods, and services that make our neighborhoods vibrant.
"These grant awards are the next step in the City's commitment to ensure that neighborhood businesses remain central to the New York City experience," said SBS Commissioner Gregg Bishop.
Businesses must have been open and operating for three years, located in rented premises, and demonstrate a 5 percent increase in costs directly related to operating in rented commercial space within the previous 10 years.
Businesses that need assistance filling out the application can contact the chamber at email@example.com or (646) 820-5163.