NEW YORK (AP) — In a story Jan. 23 about grants to small business hurt by Superstorm Sandy, The Associated Press reported erroneously that the Downtown Alliance, a nonprofit group, contributed to $5.5 million in grants announced in November. The Mayor's Fund to Advance New York City and the Partnership for New York City actually contributed to that pool of grant money. The Downtown Alliance gave out grants separately.
A corrected version of the story is below:
NYC giving $1M in post-Sandy grants to small biz
NYC giving another $1 million in grants to small businesses hurt by Superstorm Sandy
NEW YORK (AP) — Small businesses in New York City may be eligible for another $1 million in grants now available to help recover from Superstorm Sandy.
The city announced Wednesday that businesses could get grants of up to $5,000 each to make repairs or replace equipment damaged in the Oct. 29 storm. Three banks are contributing the money: Barclays is giving $500,000. Citibank and UBS are each donating $250,000.
The money is in addition to $5.5 million in grants from two nonprofit organizations, the Mayor's Fund to Advance New York City and the Partnership for New York City, that were announced Nov. 24. Another group, the Downtown Alliance, has also given out grant money.