Around 450 businesses across New York City had storefront damage and in some cases were looted in late May and early June, according to the Department of Small Business Services.
The department does not have an estimate for the total cost of damages and notes the estimate of the amount of buildings damaged may change, according to Samantha Keitt, the department's spokeswoman.
Keitt said the estimate covers damage reported between May 29 and June 9.
Last week, Mayor Bill de Blasio announced the Small Business Emergency Grant, which would give grants of up to $10,000 to small businesses impacted by looting and damage to their storefronts, starting in the Bronx. These grants will help "impacted minority and women-owned businesses as well as those with annual revenues of less than $1.5 million, with their recovery efforts, including repairs, security systems, locks, inventory and more," according to a press release.
The only way we will move forward and get small businesses back on their feet is by coming together as a community," said Mayor Bill de Blasio in a press release. "Our small businesses are not going anywhere. They are strong and resilient and they will be back, and we are here to help them do that."
Funding for the grant was provided by SOMOS Community Care, which pledged $500,000 and Signature Bank, which donated $750,000.