NEWS BYTES
June 2002

Grants for Businesses located Downtown
To My Clients Located Downtown Manhattan

After September 11th, I was involved in working with a number of you for FEMA Loans, since then various areas of the government have started providing grants for the downtown area. I have included information about them as below. If you have any questions, please contact me.

• Empire State Development (ESD) is implementing a $700 million Community Development Block Grant provided to New York State by the U.S. Department of Housing and Urban Development (HUD). These funds are available in the form of loans and grants to qualified businesses impacted by the WTC disaster that commit to job retention, job creation and investment in New York City, with a priority on Lower Manhattan. Click here for PDF download information
  
• World Trade Center Business Recovery Grant Program, an initiative designed to assist businesses and not-for-profit organizations on or south of 14th Street in Lower Manhattan.The program will provide assistance in an amount ranging from 2 to 10 days of gross revenues, capped at $50,000 to $300,000 per business, depending on location.
  Click below for PDF files
  Application
  FAQ
  Program Guidelines
• The WTC Small Firm Attraction and Retention Grant Program will provide cash grants to eligible businesses and not-for-profit organizations that commit to leasing space and employing people south of Canal Street. The program will provide assistance in an amount ranging from $35,000 to $1 million, based on location and the number of employees at the eligible location.
  Click below for PDF files
  Application
  FAQ
  Program Guidelines
• Mellon Foundation Grant (for NYC cultural and performing arts organizations)Grants of $250,000 to $2 million for NYC cultural and performing arts organizations: A $50 million fund targeted at cultural and performing arts organizations directly affected by the events of 9/11. Candidates will need to submit a proposal that documents the direct financial and realted consequences they have experienced as a result of 9/11. Individuals are not eligible. Organizations can be located anywhere in NYC. Contact T. Dennis Sullivan, Financial Vice President at (212) 838-8400 or tds@mellon.org.
  

• LMDC Housing Assistance Program, residents who lived in certain areas of Lower Manhattan on September 11th and remain will be eligible for a one-time $1,000 grant. The program also provides grants of as much as $12,000 for new and existing residents who make a two-year commitment to Lower Manhattan. To encourage families to make a home in Lower Manhattan, households with at least one child are also eligible for a family bonus of as much as $1,500