#19. New York

- New business applications per 1,000 people: 15.67 (306,679 total)

- High-propensity business applications per 1,000 people: 6.80 (133,034 total)

- Business applications with planned wages per 1,000 people: 1.53 (30,034 total)

New York State’s COVID-19 Pandemic Small Business Recovery Grant Program was created to provide aid to small businesses, micro-businesses, and for-profit arts and culture organizations in amounts ranging from $5,000–$50,000 per business. The state also created the New York Forward Loan Fund for small businesses, nonprofits, and small residential landlords who did not qualify for Economic Injury Disaster Loans. Additional programs for restaurants, arts organizations, theaters in New York City, and child care providers were also created. In New York State, high-propensity business applications reached a 15-year peak in January 2021. Small businesses comprise 98% of all businesses in the state, and employ over half of the workforce.

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