Main Street Program Offers Help for Small Business Recovery [VIDEO]
Louisiana Treasurer John Schroder talks about the state's Main Street Recovery Program, designed to help small businesses come back from losses endured during the COVID 19 shutdown.
Schroder explains how small businesses in the state can apply for grants to help cover Coronavirus related costs beginning this weekend. The Treasurer emphasizes that these grants are made possible through the Main Street Recovery Program and that monies for the program are not coming from Louisiana coffers, but are part of the $1.8 billion in federal cash the state recieved as part of the CARE Recovery Act.. Schroder adds that eligible businesses can apply for up to $15,000 to cover their COVID 19 expenses,
The Treasurer also emphasizes that during the first twenty one days of the program, grants will be given to businesses who did not receive a Paycheck Protection Program loan, insurance payment, or Economic Injury Disaster Loan. In fact, Schroder says, as many as 100,000 small businesses across the state haven't received any money toward recovery. He adds that in the first 60 days, $40 million will go to businesses owned by minorities,women and veterans.
"The Main Street Recovery Program is an important lifeline for small businesses struggling to keep their doors open during the pandemic, Schroder says. "This program, passed by the state legislature, will deliver grants to businesses who need them the most.”
For details about the Louisiana Main Street Recovery Program and to see if you small business qualifies for up to $15,000 in aid, JUST CLICK HERE!