ALBANY, N.Y. — Gov. Kathy Hochul is also expanding eligibility for the state's small business recovery program.
Now businesses with revenues up to $2.5 million can apply for funding. Previously, the threshold was $500,000.
Hochul also says businesses that received federal Paycheck Protection Program loans can now get $250,000 instead of $100,000.
"Supporting the small businesses across our state that got hit hard by the pandemic is a top priority for my administration," Governor Hochul said in a statement on Wednesday. "We simply cannot have a full economic recovery if the small business community continues struggling to survive.
"With the Pandemic Small Business Recovery Grant Program opening up to a greater pool of businesses, I strongly urge all the owners who qualify to submit their application so they can access this funding."
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