Coronavirus

Coronavirus: CDFIs Respond

The members of the NYS CDFI Coalition are already reporting that their communities are being hit hard by the consequences of the Coronavirus. We are working with our partners at the Federal, State and local levels to continue to deliver financial resources and stability to our neighbors.

In the following weeks and months, we are planning to develop and deliver information – updates, webinars, and conference calls – that will help our members deal with both short-term and long-term impacts of the Coronavirus pandemic.

We’ll also continue to share news you can use – state and federal policy updates, calls to action and best practices – from across the industry. We’ll be updating this list as additional information becomes available.

We urge you to take care of yourselves and your neighbors, and to watch your inbox for updates. The NYS CDFI Coalition is working to muster all the resources we can to help our members across New York State, and we thank you for your support.

Federal

New York State

NYC

  • NYC Employee Retention Grant Program
    The City is offering small businesses with fewer than 5 employees a grant to cover 40% of payroll costs for two months to help retain employees.
  • NYC Small Business Continuity Fund
    Businesses with fewer than 100 employees who have seen sales decreases of 25% or more will be eligible for zero interest loans of up to $75,000 to help mitigate losses in profit.