Actions

Small businesses can begin applying for Main Street Recovery Program grants

Posted at 9:01 AM, Jul 28, 2020
and last updated 2020-07-28 18:58:47-04

The Louisiana State Treasurer's Office announced Tuesday that small businesses can now apply for Main Street Recovery Program grants.

Applications opened on July 28 at 9:00 am and can be completed online at louisianamainstreet.com.

According to Treasurer John Schroder, $275 million from the CARES Act has been set aside for the Louisiana Main Street Recovery Program.

The program, Schroder says, is designed to reimburse small businesses for pandemic-related expenses through grants.

The program offers two types of grant options for small businesses.

  • QuickRelief offers an abbreviated application process and reduced documentation requirements, and will give grants of up to $5,000 to qualifying businesses who received $1,000 or less in federal funding or other assistance.
  • Cost Reimbursement will give grants of up to $15,000 to qualifying businesses who can show eligible expenses related to the pandemic. Treasurer Schroder explained, "It's a $15,000 grant. You won't have to pay it back, you have to be a small business with less than 50 people, have a location where people come and go. The legislature designed this to go after the small businesses - beauty shops, nail salons, places like that."

"Our small businesses are the backbone of our economy, and they're hurting because of the financial impact of COVID-19. I encourage every small business owner to visit our website, take the eligibility quiz and apply if they meet the requirements," said Treasurer Schroder in a press release. "We don't want our businesses to close. We want them to thrive."

------------------------------------------------------------
Stay in touch with us anytime, anywhere.

To reach the newsroom or report a typo/correction, click HERE.

Download our free app for Apple, Android, Roku and Amazon devices.

Sign up for newsletters emailed to your inbox. Select from these options: Breaking News, Evening News Headlines, Latest COVID-19 Headlines, Morning News Headlines, Special Offers

Alexa's Daily Flash Briefing

Follow us on Twitter

Like us on Facebook

Follow us on Instagram

Subscribe to our Youtube channel