Big Apple, Small Business
MSK Client Alert
March 19, 2020
New York City Helps Small Businesses Survive
With the recent “social distancing” measures that include the closure of schools, bars and restaurants, gyms, libraries, Broadway theaters, large retailers, and other businesses, many companies operating in New York City are being seriously impacted. Although some bigger companies may survive this economic crisis, small businesses likely face a grim future.
In order to help small businesses, on March 8, 2020, New York City’s Mayor de Blasio announced two programs that are specifically geared towards such companies. The first program provides...