Update 2/4/21: The deadline for applying for a grant has been extended to Thursday, Feb. 11, at 5 p.m.
Los Angeles City Councilman Mitch O’Farrell and the city’s Economic and Workforce Development Department have announced a second round of grant funding available to small businesses in the 13th District.
The next round of funding will be open to a wider group of small business owners due to an increase in the revenue cap requirements. During the second phase, small businesses located in the 13th District with annual revenues of up to $5 million will qualify for the grant funding. Businesses can receive $5,000 grants.
O’Farrell allocated $1 million in discretionary funding to start the grant program last July. The program helps small businesses in the 13th District pay bills during and after the COVID-19 pandemic. The funding would have normally been used for other purposes such as public infrastructure projects. The program will be administered in partnership with EWDD.
Online applications will be accepted through Thursday, Feb. 11, at 5 p.m. For a link to the application, visit cd13.com.
Businesses that applied but did not qualify for the first round of funding last year due to the revenue requirements will be automatically entered into this next phase of grant funding. An email will be sent to those businesses to alert them of their status in the program.
“Our small businesses continue to feel the impacts and uncertainty of the coronavirus pandemic,” O’Farrell said. “This financial assistance for even more neighborhood-based establishments will help pay bills, retain workers and enable the backbone of our local economy to survive.”
Applicants will be required to have an established business in the 13th District and active status with the California Secretary of State. Owners must provide required application documents (current BTRC, W-9, etc.), must have an annual gross revenue of up to $5 million, and have an established commercial location. Acelera Financial is providing technical assistance and can answer questions about the application process. For information, call (213)410-5099, or email firstname.lastname@example.org.
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