Hobbled by Coronavirus and Looting, New York’s Small Businesses Snap Up Millions in City Assistance

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Hobbled by Coronavirus and Looting, New York’s Small Businesses Snap Up Millions in City Assistance
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New York City has doled out more than $48 million in grants and loans to thousands of small businesses

Mayor Bill de Blasio’s administration set up two assistance programs for small businesses in March. The city was inundated with applications and within two weeks had exhausted the programs’ funding. Just over half of the businesses that applied received loans or grants.

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