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."
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