During the height of the COVID-19 pandemic the NYC Economic Development Corporation disbursed more than $13 million to 746 small businesses and street vendors. The Queens Small Business Grant program was instrumental in keeping many afloat during the economic downturn with 90 percent of the grants going to minority and women-owned businesses.
“With more than 1,000 applications submitted and almost $14 million distributed across nearly 750 entities in need of critical funding during this turbulent time, we couldn’t be prouder of what the Queens Small Business Grant program has achieved this year,” Queens Borough President Donovan Richards said. “We’re talking about keeping hundreds of Queens residents employed and ensuring their families can still put food on the table. We’re talking about protecting our small businesses, of which 90 percent of those approved are minority and/or women-owned, in their times of greatest need.”