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.