The Empire State Development Board of Directors has approved $7.5 million in COVID-19 Business Counseling support to 70 non-profit partners across New York, Gov. Andrew Cuomo announced.
The funding will enable these organizations to provide small businesses with necessary guidance to secure disaster assistance, such as Small Business Administration Economic Injury Disaster Loans, amid the COVID-19 pandemic.
Up to 24 Entrepreneurship Assistance Centers and up to 23 Small Business Development Centers will receive $5 million, with an additional $2.5 million awarded to up to 23 Community Development Financial Institutions.