What to Know
- Functions for this system will solely be accepted from midday Friday to midday Oct. 16.
- This system is designed to help companies which have been closed as a result of pandemic.
- This system just isn’t open to companies working throughout the metropolis of Los Angeles, which has its personal program.
The Los Angeles County Growth Authority will open the applying course of Friday for small companies to hunt COVID-19 monetary help.
The County Board of Supervisors just lately voted to make use of Coronavirus Help, Aid, and Financial Safety Act funds to create the Small Enterprise Revitalization Grant Program.
“Now that the Trump administration has made the unconscionable determination to stroll away from a stimulus bundle, it has fallen to Los Angeles County to do what we are able to to assist native small companies,” Supervisor Janice Hahn stated. “We aren’t going to show our backs on communities throughout this disaster.”
Eligible candidates will obtain $30,000 to make use of for worker payroll, working capital to proceed operations, cost of excellent enterprise bills and adaptive enterprise practices wanted to stay open.
Functions for this system will solely be accepted from midday Friday to midday Oct. 16. LACD officers stated the grants are time-sensitive and companies want to use inside the time-frame to be thought of.
This system is designed to help companies which have been closed as a result of pandemic, resembling breweries with no kitchen, wineries with no kitchen, miniature golf parks, batting cage amenities, kart racing facilities, tanning salons and others, LACD officers stated.
This system just isn’t open to companies working throughout the metropolis of Los Angeles, which has its personal program.
LACD officers stated functions might be chosen via a lottery, and candidates might be chosen within the order of that course of. The lottery might be broadcast stay at 9 a.m. Oct. 20 at revitalizationgrant.lacda.org.
“Via grant packages just like the one we’re saying immediately, we’re doing what we are able to to assist ease the monetary burdens these companies are dealing with, at the same time as some are gearing as much as reopen within the close to future,” stated Emilio Salas, appearing government director of the LACDA.
Program particulars can be found at revitalizationgrant.lacda.org.
Questions relating to the Small Enterprise Revitalization Grant Program might be despatched to email@example.com.