In partnership with Woori America Bank, CMP BOC will be providing an online Small Business Financing Workshop on Thursday, March 23, from 3 PM to 4 PM. Join the workshop to explore funding options and financial resources for your business!
The workshop will be conducted in English. To RSVP, please visit bit.ly/CMP323 or contact CMP BOC at (646) 292-5380 or (646) 603-7172.
CARES Act for Small Businesses
The COVID-19 pandemic has created uncertainty and stress for many American small businesses. Part of the government’s response to assist businesses during this time is the recent passage of the Coronavirus Aid, Relief, and Economic Security Act (CARES Act).
The CARES Act allocated $350 billion to help small businesses and nonprofits keep workers employed amid the pandemic and economic downturn.
Want to learn more about what to expect and how to prepare to file for a loan? Contact our Business Outreach Center (BOC) at larrymei@cmpny.org for assistance.
Is Your Business Affected by COVID-19?
Do you know that the City provides assistance and relief for small businesses across the City seeing a reduction in revenue because of COVID-19?
NYC Small Business Continuity Loan Fund
The City will provide relief for small businesses across the City seeing a reduction in revenue because of COVID-19. Businesses with fewer than 100 employees who have seen sales decreases of 25% or more will be eligible for zero interest loans of up to $75,000 to help retain employees and ensure business continuity.
NYC Employee Retention Grant Program
The City is also offering small businesses with fewer than 5 employees a grant to cover 40% of payroll costs for two months to help retain employees.
Want to know more these programs or need help in applications? CMP Business Outreach Center can help! Contact us at larrymei@cmpny.org today.
2019 Small Business Bootcamp
On the past Saturday, December 14th, 12 aspiring entrepreneurs and small business owners successfully completed our 2019 Small Business Bootcamp with their business plans!
Over the past 10 weeks, we covered topics including legal aspects of starting a business, commercial lease negotiation, financial projections and analysis, e-commerce and online marketing, intellectual property, and etc. Participants have developed necessary business management skills, learned how to refine business concepts, devised early-stage marketing plans, and prepared action plans.
Special THANKS go to our fantastic group of experienced professionals and government representatives for sharing their professional knowledge and creating an excellent learning environment to spark new business ideas. As the learning continues outside of the program, CMP is looking forward to continuing providing technical assistance in our students’ future entrepreneurial journeys.
