Business Preparedness and Resiliency Program: Risk Assessments and Grants

SoHo Broadway Partner: Department of Small Business Services offers Risk Assessment and Grant Program to help businesses prepare for potential flooding

If your business location is in an area at risk of flooding, you may be eligible for an on-site, one-on-one risk assessment via the NYC Department of Small Business Services. Experts will review your physical location, business operations, and insurance needs to provide you with personalized recommendations to help reduce the risk to your business and/or property in the case of disruptive events.

Applications are now open for the Business Preparedness and Resiliency Program (PREP) Risk Assessment and Grant Program: nyc-business.nyc.gov/nycbusiness/emergency-preparedness

Program participants can receive a grant of up to $5,000 to cover the costs of recommended measures or certain types of resiliency equipment such as portable flood barriers, generators, and fire-proof storage containers.

Awardees will be determined on a first-come, first-served basis, based on the order in which applicants have submitted a complete application. For more details, please refer to the program’s rule.

We advise property owners and businesses in the southern section the SoHo Broadway District and adjacent areas to review the NYC Flood Hazard Mapper or the NYC Stormwater Resiliency Maps to determine whether your location is considered at risk.

Learn More and Apply

Eligibility Requirements:

• Your business and/or property is located in an area at risk of flooding according to the NYC Flood Hazard Mapper or the NYC Stormwater Resiliency Maps
• Have been in operation for at least one (1) year at the time of application or the commercial property must be occupied by a small business that has been in operation for at least one (1) year at the time of application
• Your annual revenue does not exceed $30 million
• Did not previously receive any grant or other benefit from the NYC Department of Small Business Services (SBS) Business PREP Grant Program or the RISE:NYC Program
• All required licenses and permits relating to the commercial property or the small business occupying the commercial property must be current

Learn More about the Application here: nyc-business.nyc.gov/nycbusiness/emergency-preparedness/business-preparedness-and-resiliency-program

Need Help?

Call the SBS hotline at 888-SBS-4NYC (888-727-4692) or contact SBS online.