What grants are available for small business in New York?

Small business grants in New York are available from various sources, including government agencies, private organizations, and non-profits. These grants are typically intended to promote economic development, job creation, and the growth of small businesses in the state. Keep in mind that the availability of grants can change over time, so it’s essential to verify the current status and eligibility criteria for each grant. Here are some potential sources of grants for small businesses in New York:

  1. Empire State Development (ESD): ESD, New York’s economic development agency, offers various grant programs and incentives to support business growth in the state. This includes the Excelsior Jobs Program, which provides tax credits to businesses that create jobs in specific industries.
  2. Small Business Development Centers (SBDCs): The New York SBDC network provides resources, workshops, and one-on-one counseling to small businesses, including information on available grants and assistance with the application process.
  3. Regional Economic Development Councils (REDCs): New York has ten REDCs that offer grants and incentives for projects that contribute to regional economic development. These councils often administer grants through programs like the Consolidated Funding Application (CFA).
  4. Federal Grants: Many federal agencies offer grant programs that small businesses in New York can apply for. The U.S. Small Business Administration (SBA) provides information on federal grants and loans for small businesses.
  5. Local Economic Development Agencies: Many cities and counties in New York have their own economic development agencies that provide grants and incentives to encourage business growth within their regions. Contact your local economic development office for information on available programs.
  6. New York State Energy Research and Development Authority (NYSERDA): NYSERDA offers grants and incentives to businesses focusing on energy efficiency, renewable energy, and sustainability projects.
  7. Industry-Specific Grants: Depending on your business’s focus, there may be specialized grant programs available for your industry, such as agriculture, technology, or healthcare.
  8. Non-Profit Organizations and Foundations: Some non-profit organizations and private foundations in New York offer grants and funding opportunities for small businesses, especially those involved in specific industries or community development projects.
  9. New York Foundation for the Arts (NYFA): If you operate a business in the arts and cultural sector, NYFA offers grants and funding opportunities to support artistic and cultural endeavors.
  10. Business Plan Competitions: Various organizations and universities in New York host business plan competitions with cash prizes or grant opportunities for winning business plans.

When seeking small business grants in New York, it’s important to thoroughly research each program’s eligibility requirements, application procedures, and deadlines. Consider working with a Small Business Development Center or seeking assistance from business advisors to improve your chances of securing grant funding. Additionally, stay informed about local news and business resources to stay updated on grant opportunities that may become available. Check out www.thegrantportal.com for grant sources.