The chart below, a work in progress, provides a summary of state activity relating to extended tax due dates. States are continually updating their information and the dates listed are subject to change. In addition, we have prepared a summary of small business relief available through state and local programs.
New York City Small Business Services: The City has established two programs providing financial assistance for small businesses in NYC seeing a reduction in revenue because ofCOVID-19.
- NYC Small Business Continuity Fund: Businesses with fewer than 100 employees who have seen sales decreases of 25% or more will be eligible for zero interest loans of up to $75,000 to help mitigate losses in profit.
- NYC Employee Retention Grant Program: Businesses with fewer than 5 employees that can demonstrate at least a 25% decrease in revenue as a result of COVID-19. will receive a grant covering up to 40% of their payroll for two months to help retain employees. Businesses can access up to $27,000.
New York State: There are currently no financial relief programs available through New York State for businesses impacted by COVID-19. Please refer to Empire State Development’s webpage on COVID-19 Related Resources.
Pennsylvania: To assist small businesses impacted by COVID-19 in Pennsylvania, the Commonwealth Financing Authority is providing relief by authorizing the transfer of $40 million to the Pennsylvania Industrial Development Authority. To learn more, visit here.
Philadelphia: The Philadelphia COVID-19 Small Business Fund is designed to provide immediate relief – in the form of grants and zero-interest loans - to Philadelphia businesses negatively impacted by COVID-19. To learn more, visit here.