The Chamber receives $800,000 federal grant to mitigate storefront vacancies and empower entrepreneurs of tomorrow
Tuesday, March 15, 2022
Today, President Joe Biden signed into law the $1.5 trillion Consolidated Appropriations Act of 2022 (the Omnibus), which for the first time in a decade included a large portfolio of earmarks ("Community Project Funding"), the process of directing federal funds for local projects.
After being nominated for funding by Congresswoman Carolyn Maloney, the Manhattan Chamber of Commerce will receive $800,000 for its Manhattan Storefront Revitalization & Small Business Entrepreneurship Project. The project funding will support data-mapping to identify geographic areas where storefront vacancies are concentrated and revitalization efforts are most needed and to support targeted economic development. The project will be a valuable use of taxpayer funds because it will bring much-needed stability and support to small businesses in Manhattan in the immediate aftermath of the COVID-19 health and economic crisis.