Grants for small businesses recovering from Sandy

A look at some of the grant programs for small businesses recovering from Superstorm Sandy:


— New Jersey's Stronger NJ Business Grant Program has $260 million available in grants. Small businesses can get grants and forgivable loans of up to $50,000 per affected location. The maximum for multi-location businesses is $250,000. The state says it has given out 102 grants totaling $5 million, as of Tuesday.

— New York state's Small Business Storm Recovery program is giving companies up to $50,000 in grants. The program has $400 million for recovery from Sandy and two 2011 storms, Hurricane Irene and Tropical Storm Lee. Businesses can get an expedited preliminary grant of $10,000 by filing documents that prove they need the money. They must apply for the full $50,000 to receive the preliminary grant.

— In New York City, small businesses that take out emergency loans through the city are eligible to get up to $60,000 in matching grants.


— National Grid, a natural gas utility that serves customers in three New York City boroughs and Long Island announced three weeks after the storm it would give out $30 million in grants to businesses and homeowners. National Grid says it has given more than 200 small business grants totaling $7 million as of September. It plans to keep making grants until March.

— In Rhode Island, the Greater Westerly-Pawcatuck Area Chamber of Commerce has collected $428,000 through fundraising events like dinners, concerts and T-shirt sales. It has given grants, some more than $40,000, to 21 businesses.

— In New York City, the United Way donated $3.5 million to nonprofits that in turn gave about $215,000 to six private day care centers.

— The Downtown Alliance, a nonprofit group aimed at strengthening the economy of Lower Manhattan, has given out nearly $1.6 million in $20,000 grants to 95 small businesses, mostly retailers and restaurants that were flooded.

See all articles from Associated Press

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