Eligible business applicants will receive $30,000 to remain open. Applications for the program will only be accepted from 12:00 p.m., Friday, October 9, to 12:00 p.m., Friday, October 16.
The L.A. County Board of Supervisors recently voted to use Coronavirus Aid, Relief, and Economic Security Act funds to create the Small Business Revitalization Grant Program.
Eligible applicants will receive $30,000 to use for employee payroll, working capital to continue operations, payment of outstanding business expenses and adaptive business practices needed to remain open.
The program is designed to assist businesses that have been closed due to the pandemic.
Applications for the program will only be accepted from 12:00 p.m., Friday, October 9 to 12:00 p.m., Friday, October 16, 2020. L.A. County officials said the grants are time-sensitive and businesses need to apply within the time frame to be considered. Applications will be selected through a lottery, and applicants will be selected in the order of that process. The lottery will be broadcast live at 9:00 a.m. October 20, 2020 at wwwa.lacda.org/home/small-business-revitalization-grant.
“Through grant programs like the one we’re announcing today, we are doing what we can to help ease the financial burdens these businesses are facing, even as some are gearing up to reopen in the near future,” said Emilio Salas, acting executive director of the Los Angeles County Development Authority (LACDA).
Program details are available at wwwa.lacda.org/home/small-business-revitalization-grant.
Joseph Torres, Economic Development Manager
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