by Brendan Krisel
East Harlem NY -
A new grant program with $4 million in funding is accepting applications
from East Harlem businesses struggling with the economic fallout of the
coronavirus pandemic, neighborhood officials annouceced Monday.
Grants of up to $20,000 are available for East Harlem businesses with 20
employees and annual revenues of up $1 million through the new East Harlem
Small Business Grant Program, City Councilmember Diana Ayala announced.
The program is funded through the 2014 sale of the former East 125th Street
Pathmark site by Extell Development. While we focus on long-term
solutions to the economic devastation this pandemic has brought to the East
Harlem small business community, this grant opportunity will provide some
immediately relief to the businesses that struggled and faced enormous
challenges during the past serveral months, Ayala siad in a statement.
Grant money will be provided through a partnership between the city
Economic Development Corporation and East Harlem nonprofit Union
settlement. Businessess can apply for funds through Union Settlement's
website. Funding must be used to offset operational expenses such as rent,
payroll and insurance cost. Businesses must be located within Manhattan
Community District 11 to quality for the grant program. The district is bound
by 96th Street to the south, 142nd Street to the north, Fifth Avenue to the west
the East Harlem rivers to the east. Randall's Island, Ward's Island and
Marcus Garvey Park are also included in the district. Extell Development
recently filed plans to develop an office building at the site of the former East
125th street Pathmark. The developmen firm will build a nine-story office with
more than 350,000square feet of commerical space at the site. Pathmark close
closed in 2015.