{"id":37410,"date":"2022-04-11T11:34:29","date_gmt":"2022-04-11T15:34:29","guid":{"rendered":"https:\/\/www.saratoga.com\/saratogabusinessjournal\/?p=37410"},"modified":"2022-04-11T11:34:29","modified_gmt":"2022-04-11T15:34:29","slug":"return-to-work-grant-program-to-help-tourism-businesses-rebound-from-covid","status":"publish","type":"post","link":"https:\/\/www.saratoga.com\/saratogabusinessjournal\/2022\/04\/return-to-work-grant-program-to-help-tourism-businesses-rebound-from-covid\/","title":{"rendered":"Return-To-Work Grant Program To Help   Tourism Businesses Rebound From COVID"},"content":{"rendered":"<p>The New York State Tourism Return-to-Work Grant Program, created to incentivize employment growth by providing financial assistance to businesses in the tourism industry that suffered economic hardship due to the COVID-19 pandemic, has grants of $5,000 up to $200,000 to incentivize employment growth for businesses in the tourism industry.<span class=\"Apple-converted-space\">\u00a0<\/span><\/p>\n<p><span class=\"Apple-converted-space\">\u00a0<\/span>Qualifying tourism businesses will be eligible for grants of up to $5,000 per net new full-time employee, and $2,500 per net new part-time employee hired.<span class=\"Apple-converted-space\">\u00a0<\/span><\/p>\n<p>To receive a full benefit, employers will have to maintain employment increases over six months.<span class=\"Apple-converted-space\">\u00a0<\/span><\/p>\n<p>Grants will be limited to for-profit or nonprofit businesses servicing the public and engaged in a tourism-related fields including accommodations, arts, entertainment, sightseeing, transportation, tour operators, convention and visitor groups, or other businesses that, in ESD\u2019s sole discretion, qualify as businesses in the tourism industry.<\/p>\n<p>Further, to qualify for grant assistance, all eligible applicants must:<\/p>\n<p><b>\u2022 <\/b>Increase their average employment between Jan. 1, 2022 and June 30, 2022 by at least 2 net new full-time equivalent jobs;<\/p>\n<p><b>\u2022 <\/b>Continue to be in operation as of the date of application.<\/p>\n<p><b><span class=\"s1\"><span class=\"s2\"><!--more--><\/span><\/span>\u2022 <\/b>Have experienced economic harm resulting from the COVID-19 pandemic, as evidenced by a year-to-year decrease of at least 15 percent of gross receipts or gross wages between 2019 and 2020 (Applicants must demonstrate a year-to-year loss of at least 15 percent; however Applicants with 25 percent or greater loss will receive priority).<\/p>\n<p><b>\u2022 <\/b>Be in substantial compliance and attest to being in substantial compliance with applicable federal, state and local laws, regulations, codes and requirements.<\/p>\n<p><b>\u2022 <\/b>Not owe past due federal, state or local taxes, unless making payments pursuant to and complying with an approved binding agreement with the appropriate taxing authority.<\/p>\n<p><b>\u2022 <\/b>Not be currently participating in the NYC Musical and Theatrical Production Tax Credit program or the Empire State Musical and Theatrical Production Tax Credit Program;<\/p>\n<p><b>\u2022 <\/b>Not be more than 5 percent owned, directly or indirectly, by a publicly traded company.<\/p>\n<p><b>\u2022<span class=\"Apple-converted-space\">\u00a0<\/span><\/b> Be open to and\/or service the public.<\/p>\n<p><span class=\"Apple-converted-space\">\u00a0<\/span>A total of $100 million in funding has been allocated to award grantees for increasing their average employment between Jan. 1, 2022 and June 30, 2022, as compared to a baseline employment period between Oct. 1, 2021, and Dec. 31, 2021, officials said.<span class=\"Apple-converted-space\">\u00a0<\/span><\/p>\n<p>For seasonal businesses, an alternative baseline average employment period will be established.<\/p>\n<p>For more information, visit esd.ny.gov\/tourism-return-work-grant-program.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The New York State Tourism Return-to-Work Grant Program, created to incentivize employment growth by providing financial assistance to businesses in the tourism industry that suffered economic hardship due to the COVID-19 pandemic, has grants of $5,000 up to $200,000 to incentivize employment growth for businesses in the tourism industry.\u00a0 \u00a0Qualifying tourism businesses will be eligible [&hellip;]<\/p>\n","protected":false},"author":89,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[7],"tags":[],"class_list":["post-37410","post","type-post","status-publish","format-standard","hentry","category-business-news"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v26.6 - 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