New York City will provide relief for small businesses across the City seeing a reduction in revenue because of COVID-19.

Archive for July, 2020

July 2020 Updates

Categories: Flatbush Avenue BID News
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Flatbush Ave.

We have been focusing on direct emails and calls with members while using social media to promote our businesses as the City starts reopening. We wanted to post a few pre-Fourth of July updates here…

*BID businesses should be on our email list if you want the inside scoop. Email Lauren at [email protected] to get on the list or with any questions.

*Reopening: Many of the BID’s businesses are now open as the City waits for Phase 4 and for announcements about gyms, indoor dining, movie theaters, and indoor malls. Many of our retail stores are open for business and most of our dine-in and fast food restaurants are doing steady take-out and delivery. See the list of our open businesses here.

*Our recommended loans:  We regularly update our list of COVID-19 resources for businesses. Right now, we’re encouraging business owners to apply for the following loans:

  1. NY Forward Loan: Available from NYS.
  2. Brooklyn Chamber of Commerce’s Bring Back Brooklyn fund.
  3. Paycheck Protection Program (PPP): This loan’s deadline has been extended until Aug. 8, 2020.
  4. Economic Injury Disaster Loan (EIDL): Apply directly through the Small Business Administration (includes advance of up to $1,000 per employee up to $10k). We like this program better than the PPP because it’s more flexible in how you can spend the money.

*Still to come:  We are looking for creative ways that indoor dining and fitness and dance studios can reopen soon. We encourage any restaurants interested in offering outdoor seating through Open Restaurants to contact us.