Stringer Promises ‘Fair Share’ of PPP for City Businesses

Posted on: January 14th, 2021 at 5:05 am by

Photo: Karlin Chan

City Comptroller (and mayoral candidate) Scott Stringer held a press conference yesterday at the Chinatown kiosk on Canal Street, announcing a plan to funnel federal Payroll Protection (PPP) dollars to New York city businesses. It certainly triggered an uncomfortable memory of last year’s PPP fiasco.

The first round of PPP went into effect just a few weeks into the springtime lockdown. At the time, roughly 85-percent of Chinatown businesses were closed, and news about loan availability was not disseminated to the community. This especially rang true for immigrant operators with limited English skills; yet, even those who were proficient in English had difficulty navigating the application process.

While Stringer’s announcement calls for New York’s fair share of the $284 billion package, it’s unclear whether mechanisms are in place to aid immigrant business owners, especially in communities like Chinatown where most businesses lack a computer system or the technical know-how to operate. Another issue is the language barrier. So, even though there is money out there available for payroll protection loans, I wonder how many local businesses will actually benefit from the second round of this program, and I hope our local elected or nonprofits will step up and offer assistance to those applying.

Recent Stories

‘Bowery Showroom’ is Gen Z Retail

Looks like a new concept store is setting up shop on the Lower East Side. Bowery Showroom, a New York-based designer vintage and lifestyle brand, is opening its first retail location this weekend. Not on the Bowery; in fact a few blocks off at 57 Stanton Street. What we gather from the PR babble is […]

Elected Officials Ignore Mom’s Plea to Stop the City from Destroying East River Park [OP-ED]

The following editorial was written by Kirsten Theodos, an East Village resident. There is a crisis right now in New York City. The limited green space we have is under attack, and even a global climate crisis and pandemic won’t stop the City from destroying it. I live near East River Park, the only meaningful green […]

Adam Schlesinger Virtual Tribute is in the Works

A virtual tribute to keep the late Adam Schlesinger’s memory shining on is in the works. The Fountains of Wayne co-founder and bassist passed away one year ago due to Covid complications. “This is a proper musical send-off for my soul brother with a bunch of talented and groovy guests that would make Adam wince,” […]

Tre on Ludlow Street Returns Next Month with New Chef

The following guest post was written by Bowery Boogie reader Colton Moore. Tre, the locals Italian restaurant on Ludlow Street, is set to reopen on Saturday, May 1. It’s the first time back open since the pandemic-related sidelining in December. Returning diners will be surprised (and treated) to a new menu; rather than offering full […]

Shakespeare in the Parking Lot Returns from COVID-19 Sidelines

All the world’s a stage… To honor what would be the Bard’s 457th birthday, the ever-so-popular Shakespeare in the Parking Lot is back for a two night affair. Being the first performance from the troupe since the pandemic sidelined it in 2020, the event promises evenings filled with scenes, songs, sonnets, and soliloquies from the […]