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Main Street Recovery Program awards $19M to small businesses across Louisiana

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Posted at 5:34 PM, Sep 03, 2020
and last updated 2020-09-03 18:34:29-04

The Main Street Recovery Program has awarded $19 million in grants to small businesses across the state as of September 2.

"We are awarding millions of dollars in grants every single day. On Wednesday alone, we awarded $4.2 million," said State Treasurer John M. Schroder. "Next week, I'm delivering checks in person to southwest Louisiana, where Hurricane Laura disrupted mail delivery. We are meeting our goals. We're working 24 hours a day to deliver help to small businesses across this state, and we're proud to do it."

$275 million was set aside for the program and more than 21,000 applications have been submitted since the program began on July 28. Nearly $15 million has been awarded to businesses owned by minorities, women, and veterans.

Many applicants are choosing the QuickRelief option, which offers an abbreviated grant process. Because of the option's popularity, the program is now allowing applicants to receive $15,000 for eligible expenses through QuickRelief after offsetting other federal aid received. Previously, this option had a lower cap on the grant and was only available to businesses with prior aid of $1,000 or less.

Small businesses can visit www.louisianamainstreet.com to apply for a grant.

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