Small enterprise house owners in Lafayette struggling amid the pandemic now have a possibility for help.
The Lafayette Enterprise Restoration Program launched by Lafayette Consolidated Authorities (LCG) and Lafayette Financial Growth Authority (LEDA) goals to stabilize native companies and retain and create jobs.
LCG and LEDA obtained round $800,000 in funding and the Enterprise Reduction Fund at present holds about $400,000, so LCG’s Chief of Minority Affairs Carlos Harvin stated there’s nonetheless help obtainable for small companies.
Companies could apply for a forgivable load or grant of as much as $10,000 to help with as much as three months of prices related to qualifying enterprise bills incurred not previous to March of 2020. This contains however will not be restricted to lease, payroll, advantages, and utilities.
Functions for this system at the moment are being accepted at lafayette.org/brp.
Harvin defined that this system is particularly targeted on small, native companies and is open to any enterprise that was open earlier than the pandemic however was pressured to close down by no fault of their very own. Harvin added that eating places, barber retailers, outfitters, and even monetary service corporations have obtained funding by the partnership with LCG and LEDA.
“Small companies are the lifeblood of our economic system, and Lafayette is thought for entrepreneurship,” Harvin acknowledged. “We would like them to know they have a companion at Metropolis Corridor within the mayor’s workplace, in LEDA, LCG. It means households having the ability to pay lease, put meals on the desk, present for his or her kids. When these small companies shut, all of us undergo. We wish to allow them to know there’s assistance on the best way.”
The program launched last June in an effort to supply aid to the enterprise neighborhood impacted by the COVID-19 pandemic.
Enterprise house owners can start the pre-application course of now; this step determines if your online business qualifies for funding. Officers will evaluate all pre-applications and can observe up with those that qualify.
Go to lafayette.org/brp for extra info and to start the applying course of.
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