Business PREP Risk Assessment and Grant Program
Applications are now open for the Business PREP Risk Assessment and Grant Program. Through the Risk Assessment and Grant Program, your small business or commercial property may be eligible for a free, on-site, one-on-one risk assessment.
A team of experts will come to your business to review your physical space, operations, insurance coverage, and provide you with personalized recommendations to help reduce the risk to your business and/or property in the case of disruptive events.
Program participants can receive a grant of up to $5,000 to cover the costs of recommended measures or certain types of resiliency equipment such as flood barriers, generators, and fireproof storage containers.
Key eligibility requirements include:
- Your business and/or property is located in an area at risk of flooding according to the NYC Flood Hazard Mapper or the NYC Stormwater Resiliency Maps
- You have been in operation for at least one (1) year at the time of application or the commercial property must be occupied by a small business that has been in operation for at least one (1) year at the time of application
- Your annual revenue does not exceed $30 million
- Did not previously receive any grant or other benefit from the NYC Department of Small Business Services (SBS) Business PREP Grant Program or the RISE: NYC Program
- All required licenses and permits relating to the commercial property or the small business occupying the commercial property must be current
To learn more and apply, please visit: https://sbsconnect.nyc.gov/bprep/eligibility/.
If you have any questions please contact Natalie Vichnevsky.