$275 Million Available for Louisiana Small Businesses, Starting July 28
Jul 22 2020

$275 Million Available for Louisiana Small Businesses, Starting July 28

By: Graham Andreae

Each business in the state of Louisiana may receive up to $15,000 in funds for recovery from the pandemic. Beginning July 28, small businesses can apply for grants, but applications close on August 18, which will be the 21st day of the program.

"On June 12, 2020, Governor John Bel Edwards signed Senate Bill 189, Act 311, enacting several COVID-19 relief funds, including the Louisiana Main Street Recovery Fund that awards grants to many Louisiana small businesses to assist in their recovery for the economic impacts of COVID-19," reports Louisiana's website for the relief program.

The program hopes that by September 26, or day 60, they will have given $40 million to minority, women, or veteran-owned applicants. Call centers that provide information for prospective business-owners opened up on July 10 and are available now to discuss whether or not a prospective business is eligible.

The call hours will be extended, starting July 28, in order to answer any questions regarding the application process as it opens to small business across the state. As of right now, the call centers operate Monday through Friday, between 8 a.m. and 5 p.m.

The program will be administered by John M. Schroder, State Treasurer, Louisiana Department of Treasury.

Program information can be found here: louisianamainstreet.com.

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