Friday, February 5, 2021

Grants available for local businesses harmed by the pandemic

 City announces grants to assist struggling small businesses due to the pandemic. 

The La Mirada City Council has initiated a Small Business Grant Fund in the amount of $371,000.00 for local La Mirada businesses. The $10,000 grants for up to 37 businesses are available.

The program will be funded through  Community Development Block Grant (CDBG) grants from the federal government  and administered by the Los Angeles County Development Agency. 

Due to the amount of funds that La Mirada has available, and the needs of the community, La Mirada will be included in the program. 

The requirements for grant funding in the first round have been modified to allow businesses that previously received CARES Act funding to receive this second round of grant funding, too. Grants will be available to businesses that meet the criteria below:

REQUIREMENTS FOR GRANT

• Small business with less than 500 employees and impacted by COVID-19.

• Restaurants, coffee shops, bakeries, caf├ęs, salons, barbers and other grooming businesses, gyms, day spas and fitness studios.

• Retail and commercial stores such as local markets, consumer goods, electronics, appliances, health and sporting goods, furniture, clothing and shoes, books, and music stores.

• Active business license in the City and in continuous operation for at least two years.

• Not on the County’s list of ineligible businesses.

• Business will be required to create or retain one job for a low to moderate-income person

 This proof would be a self-certification form completed by the employee.

Some ineligible businesses include massage parlors, bail bond services, any national chain that is not locally franchised, bars, liquor stores, smoke/cannabis shops, pawnshops, non-profit organizations, real estate salespersons, and life insurance companies.

The program will be administered by LACDA. 

LACDA will provide marketing materials, accept applications, determine eligibility and issue funds. 

The City of La Mirada will be required to market the program and assist the County in gathering information.

The County expects the program to be completed by the end of April 2021. More information will be made available soon when applications are available.


 

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