You are reading

Businesses Destroyed in Flushing Blaze Last Week Can Tap Into Newly-Established Emergency Loan Fund

A large fire tore through a Flushing mall early Thursday that houses 30 kiosks (Photo FDNY)

An emergency loan fund has been established to help businesses impacted by a large fire, pictured, at 40-10 Main St. Thursday (Photo: FDNY)

March 23, 2022 By Michael Dorgan

Two non-profits with a large presence in Flushing have come together to support more than 30 businesses that were destroyed by a large fire on Main Street last week.

Asian Americans for Equality (AAFE) and the Renaissance Economic Development Corp. (REDC), two Manhattan-based organizations with offices in Flushing, have established a $1 million loan fund to help business owners recover from the blaze that tore through a mall last Thursday.

The businesses were gutted by the five-alarm fire at 40-10 Main St. which burned for hours and caused the mall’s ceiling to collapse. The FDNY has not revealed what caused the fire.

The fund, called the Flushing Downtown Fire Emergency Loan Program, was announced Monday and makes up to $50,000 available to each business impacted by the fire. The program aims to help owners relocate and reopen their businesses as soon as possible.

“Our staff is standing by… to begin working with small business owners and we will be here every day until each and every small business in need of assistance receives it,” said Jessie Lee, the managing director of REDC. The non-profit provides low-interest loans, grants and training to immigrant small business owners.

The REDC is partnering with the AAFE to oversee the emergency loan program. The AAFE provides affordable housing for Asian Americans and various disadvantaged communities as well as low-interest loans to immigrant entrepreneurs.

An aerial view of the damage caused by the fire (Photo via Queens Council Member Sandra Ung Twitter page  @CMSandraUng)

The emergency loans come with a 2 percent fixed interest rate with terms of up to five years available. Surrounding businesses that were closed or disrupted by road closures due to the fire can also access the funds.

Queens Council Member Sandra Ung, who was at the scene of the fire throughout the day last Thursday, welcomed news about the emergency loan program.

“This was a truly devastating event and we are going to have to utilize all the resources at our disposal… to help these small businesses recover,’ Ung said.

“The Flushing Downtown Fire Emergency Loan Program is an important part of that recovery.”

Business owners interested in applying for a loan from the program can click here.

A view of the exterior damage caused by the fire (Photo via Queens Council Member Sandra Ung Twitter page  @CMSandraUng)

email the author: [email protected]
No comments yet

Leave a Comment
Reply to this Comment

All comments are subject to moderation before being posted.

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Recent News

‘He didn’t deserve to die’: Borough President Richards leads emotional candlelight vigil for Tyre Nichols

Queens Borough President Donovan Richards held a candlelight vigil for Tyre Nichols outside Queens Borough Hall Monday, Jan. 30 after Nichols’ death at the hands of police officers in Memphis, Tenn., made national headlines for the brutality in which the officers beat him.

Almost immediately after news broke about Nichols’ death, the Memphis police officers who beat him to death were fired and charged with murder. The police department released the body cam footage of the fatal beating on Jan. 27, but many people, including some at the vigil, have refused to watch it due to its extremely graphic nature.

Op-Ed: This Year’s State Budget Must Prioritize Climate, Jobs, and Justice for New York

Op-Ed, Jan. 30, By Assemblymember Jessica González-Rojas

In a time of rampant economic inequality and environmental injustice, it is easy to feel defeated.  Here in Queens and across New York State, however, communities are organizing for a better future. New Yorkers from different backgrounds and with different lived experiences are proving that we can build community, organize, and create a future that reflects our shared values.

BP launches new advisory panel for youth to become civically engaged in the future of Queens

In an effort to get more young people involved in civics, Queens Borough President Donovan Richards has created a new advisory panel known as the Youth and Young Adult Council to introduce the “youngest and fiercest” community advocates to both community service and organization.

Members of the advisory body will advocate concerns through means of community engagement by participating in one of two cohorts. The first will be made up of high school representatives between the ages of 13 and 17, while the second cohort will be comprised of young adults between the ages of 18 and 25.

Raga sworn in as first-ever Filipino American elected to the state Legislature

More than 300 community members attended the historic inauguration of Assemblyman Steven Raga as the first Filipino American elected to office in New York state.

Many who attended the swearing-in event at the Queens Museum in Flushing Meadows Corona Park wore traditional and cultural attire to the event at the building that once housed the General Assembly of the newly formed United Nations from 1946 to 1950 until its current home in Manhattan became available for the world body.

These Queens eateries are participating in the upcoming NYC Restaurant Week

NYC Restaurant Week is underway, so nix that skillet and bring family and friends to your favorite neighborhood spot, or get inspired and break bread somewhere new and different. During this special citywide culinary event, food-lovers will enjoy curated menus and prix-fixe prices that are easy on the wallet.

Bookings began on Jan. 17 and are available until Feb. 12, and you can reserve a table at 30 participating Queens restaurants, along with hundreds more across the five boroughs.