From innovative start-ups to manufacturers to companies looking to export, New York State supports and encourages business growth with a variety of funds, loans, grants and other financial incentives.
More than $500 million in federal funding is now available to support the resurgence of small businesses across New York State through the State Small Business Credit Initiative (SSBCI), a program through the American Rescue Plan Act. Below are just some of the programs available now for small businesses in New York State:
The Linked Deposit Program (LDP) helps existing New York State firms obtain reduced-rate financing so they can undertake investments to accomplish the following:
The Global NY Fund Program provides grants and loans to help New York State’s small and medium-sized businesses go global and create new jobs. The Global New York Loan Fund Program is a partnership with participating lenders to provide export financing to eligible New York State small and mid-sized businesses.