BY GRANT LANCASTER
The West Facet Neighborhood Fund is now providing grants to assist small companies in Chelsea, Hudson Yards and Hell’s Kitchen keep alive through the COVID-19 pandemic and the stay-at-home order that has shuttered many neighborhood companies.
Enterprise homeowners with 10 workers or much less can apply for the grants beginning April 23 and are eligible for between $5,000 and $10,000. The nonprofit Residents neighborhood for New York Metropolis will probably be accountable for distributing cash to the winners, who will probably be introduced on a rolling foundation.
The grants are meant to assist enterprise homeowners pay rents, insurance coverage, worker wages and different prices that they could battle to pay due to the virus’s financial affect.
“No one in our neighborhood has escaped the hardship introduced on by this virus, which is why it’s important that we work collectively to protect our neighborhood,” mentioned Michael Phillips, president of Jamestown and West Facet Neighborhood Fund chief.
Google, Jamestown, Associated/Oxford Hudson Yards, Tapestry Inc.’s Coach Basis, WarnerMedia and Wells Fargo Basis supplied seed cash for the fund’s grants.
New York Rep. Jerry Nadler (D – 10) thinks that the grants are a necessary step to serving to companies keep afloat throughout a time of disaster, he mentioned.
“Whereas completely essential to fight the unfold of the virus, it’s no query that many companies — particularly small- and medium-size companies — have been hurting as a result of they’re working at a restricted capability, or in some circumstances by no means,” Nadler mentioned, calling the grants “a lifeline.”