The City of New Rochelle is partnering with the Chamber of Commerce, the Business Improvement District, and others in the private sector to launch Rebound New Rochelle, an initiative to help position local businesses for success in the post-COVID economy. This presentation deck has more information.
In a nutshell, we will utilize federal funding made available through the CARES Act, as well as additional private contributions, to provide grants to qualified small businesses and micro-enterprises in New Rochelle. The program will also include special outreach to Latinx-owned businesses to ensure that support is available on an equitable basis.
A healthy small business sector will be vital to the recovery of commerce in New Rochelle, so we all have a stake in helping local entrepreneurs overcome the unique challenges of the COVID-19 pandemic.
The Rebound initiative also includes parallel programming to prevent homelessness and to help lower-income residents afford rent payments — an important priority, especially with the State’s eviction suspension scheduled to be lifted in August.
The City Council approved funding for Rebound New Rochelle on Tuesday. Program details and applications procedures will be finalized in the days ahead.