State & Local Grant and Aid Programs
New York State
New York Forward Loan Fund
Small businesses, non-profits and small residential landlords across New York State can now apply for the New York Forward Loan Fund (NYFLF). It is an economic recovery program offered by New York State to help small businesses move forward and thrive. It offers five-year working capital loans of up to $100,000 to eligible applicants.
Proceeds of funds can be used to pay for typical and recurring operating business expenses, and/or for refitting of business for compliance with social distancing guidelines, acquisition of personal protection equipment, and strategic planning for new revenues.
The NYFLF targets small businesses and nonprofits with 20 or fewer full-time equivalent employees, $3 million or less in annual gross revenues or budget, NYS based, in operation for at least one year at time of application, and those that received a loan of $50,000 or less from SBA’s Paycheck Protection Program and/ or only the Economic Injury Disaster Program grant of ≤ $10,000. Eligible small residential landlords should have no more than 50 units in each building and a total ownership of fewer than 200 units in total. All buildings must be located in New York State.
Additional loan terms and conditions:
- The fixed annual interest rate is 3% for small businesses and landlords, and 2% for non-profits.
- Borrowers make interest-only payments for the first 12 months and then interest and principal payments for remaining 48 months.
- There are no application fees, no collateral required, and no prepayment penalties; but late fees may be assessed for missed payments.
NYFLF has a goal of at least 60% of loans going to minority and/or women owned businesses that have traditionally been under-banked or have difficulty accessing capital.
New York Forward Loan Fund flyer
Erie County, NY
There are a number of relief programs available to small businesses and other organizations located in Erie County, NY that have been negatively impacted by the COVID-19 pandemic.
Erie County Back to Business Grant Program
CLOSED ON NOV. 2, 2020
The Erie County Back to Business Grant Program is a $20 million relief fund offering direct financial assistance to qualifying Erie County-based small businesses.
Eligible businesses include for-profit only sole proprietorships, C & S corporations, LLCs and LLPs that are formally established, and have been in continuous operation since at least October 1, 2019. These businesses must be based in Erie County, NY and the founder/CEO and 90% of the staff must be located in the region.
The business must have generated less than $7.5 million in revenue in 2019, and employ 50 or fewer W-2-based full-time equivalent (FTE) employees. Businesses muse be able to provide evidence of a significant loss of gross revenue, or a reduced level of production, sales, employment or service due to COVID-19 (25% or more of its pre-coronavirus business).
Sole proprietors can receive a maximum grant amount of $10,000, while businesses with 2-25 employees can receive a maximum grant amount of $25,000, and businesses with 26-50 employees can receive a maximum grant of $45,000. Up to $20 million of grants will be distributed.
Applications must be submitted by November 2, 2020.
Have additional questions? Learn more about the program on the FAQ page
ECIDA COVID-19 Disaster Emergency Grant Program
The Erie County Industrial Development Agency (ECIDA) is sponsoring the COVID-19 Disaster Relief PPE Cost Reimbursement Grant Program. Small businesses and not-for-profit corporations that are located in Highly Distressed Areas (defined by the U.S. Census), or that are Minority Owned, Women-Owned or Veteran Owned, may be eligible for up to $10,000 in reimbursement for the costs of acquiring personal protective equipment or installing fixtures necessary to prevent the spread of COVID-19.
Small Businesses and Not-for-Profit Corporations located in communities served by their own municipal IDAs (Amherst | Clarence | Concord | Hamburg | Lancaster) are not eligible to participate within the Erie County IDA COVID-19 Disaster Emergency Grant Program. Please contact your local IDA if you are located in one of these communities.
Eligible small business and small not-for-profit corporations with no more than 50 employees, that are located in a Highly Distressed Area with Erie County, NY, who were operational (generally for one year) and financially viable prior to the state disaster emergency declaration (March 7, 2020) and can attest that the business has been negatively affected by the state disaster emergency are eligible for the grant program.
Have additional questions? Learn more about the program on the FAQ page
ECIDA COVID-19 Sales Tax Abatement
The Erie County Industrial Development Agency (ECIDA) is offering a sales tax abatement to qualified Erie County businesses who have been affected by the COVID-19 shutdown. The abatement can be up for up to $100,000 in sales tax savings for the purchase of non-production equipment.
Sales tax incentives are available at low cost, with no ECIDA fees or public hearing required, as well as reduced legal fees. Companies must be eligible under ECIDA standard eligibility requirements (manufacturers, warehouse distribution, back offices) and meet ECIDA standard incentive requirements.
Please review the COVID-19 Sales Tax Abatement Term Sheet for more information on this program.
RDC COVID-19 Disaster Relief Loan
The Regional Development Corporation (RDC) – the lending arm of the Erie County Industrial Agency (ECIDA) – is currently offering disaster relief business loans to qualified Erie County businesses affected by the COVID-19 shutdown.
Loans are at a fixed interest rate of 2.5% with up to 12 months interest-only payment period, through ECIDA lending affiliate RDC. Fees would be limited to out-of-pocket expenses (i.e. legal fees). Loans of $10,000 to $50,000 are available for eligible small businesses.
Visit Empire State Development’s (ESD) Economic Recovery and COVID-19 Loans for Small Businesses website for information and resources about NYS economic recovery and COVID-19-related loans and funding.
Click on the links below for other Western New York IDA websites for contact information for local officials and information on potential COVID-19 relief programs sponsored by these local agencies.
For more information on Federal, state and local relief measures, please visit our COVID-19 Resource Center on our website. If you have any questions, please contact your Tronconi Segarra & Associates advisor or a member of our response team at
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