Westchester County Executive George Latimer today announced a $10 million funding initiative to support small businesses and nonprofits facing challenges due to COVID-19. Westchester County Business FIRST: Financial Investments for Recovery and a Sustainable Tomorrow is a new grant program designed to offer immediate financial relief to organizations in Westchester County that have been negatively impacted by the pandemic.
“We are at a critical point in Westchester County’s history – and such times call for leadership and innovation,” said Latimer. “The Westchester County Business FIRST Program will provide urgent financial assistance to businesses and nonprofits now, and set the foundation to rebuild our economy as we work toward a sustainable future.”
The Westchester County Business FIRST Program is being administered by the County Office of Economic Development through the federal Coronavirus Aid, Relief, and Economic Security (CARES) Act. The Program is open to businesses and nonprofits that employ 99 or fewer people and whose primary business location is in Westchester County. Eligible business and nonprofits can apply for grants of up to $49,000.
Applications will be accepted from September 21 through September 30, 2020 at https://westchestercatalyst.com/business-FIRST-programs/
“These are difficult times, but as ‘The Catalyst’ for economic growth and vitality, the Office of Economic Development is here to support County businesses and nonprofits,” said Bridget Gibbons, Westchester County’s Director of Economic Development. “These organizations help fuel our economy and provide quality jobs in our communities. This funding is designed to help them recover and get back to business.”
To be eligible, organizations must be in good standing with Westchester County and are required to demonstrate revenue losses of at least 25% from March 7, 2020 to present due to the COVID-19 pandemic. The applicant must establish that the organization was a financially viable operation prior to March 7, 2020, the date Governor Andrew Cuomo signed Executive Order 202 declaring a disaster emergency. The organization must have been open as of Feb. 1, 2020, currently be in operation, or closed temporarily and plan to reopen for business in 2020.
For more information on the application process, visit https://westchestercatalyst.com/business-FIRST-programs/
”The Business Council of Westchester is extremely supportive of this program and applauds the leadership of County Executive George Latimer and Director of Economic Development, Bridget Gibbons in developing this initiative for small business and not-for-profits in Westchester,’’ said Marsha Gordon, President and CEO of the Business Council of Westchester. “These sectors have been especially hard hit and desperately need these financial resources to survive.”