Posted on 11/17/2023
Round 2 of the Microenterprise Recovery Grant Program opens on Nov. 17, and closes on Dec. 10. This is an incredible opportunity for microenterprises located in the City of Los Angeles to receive financial assistance in their recovery from the COVID-19 pandemic.
The latest program, administered by the Economic & Workforce Development Department, offers grants of up to $5,000 to eligible microenterprises who have not yet received assistance through any City, State, or Federal program. The funds can be used for various operating expenses, including but not limited to payroll, lease payments, insurance, and inventory. This flexibility allows businesses to allocate the funds where they are needed most to aid in their recovery efforts.
Applying businesses must have five or fewer W-2 employees on their payroll, and their annual revenue cannot exceed $1 million. To learn more about other eligibility requirements and to apply, visit bit.ly/MicroenterpriseGrant.