LOS ANGELES (CNS) – Los Angeles County immediately introduced rental advantages
Grants of as much as $ 40,000 for small enterprise homeowners in unincorporated territories that
are in arrears with their lease because of the COVID-19 pandemic.
Supervisor Holly Mitchell hosted a digital press convention Monday
announce this system, which is funded with federal coronavirus help {dollars}.
“The lease reduction for small companies can not come quickly sufficient for that
numerous firms which have needed to endure the pricey and unpredictable
Results of COVID-19. As Los Angeles County begins to get better, our employers have
was left with overwhelming quantities of re-rent, ”mentioned Mitchell. “This can
Simply be the primary of many county tasks aimed toward financial resilience for ours
small employers. “
Eligible firms should:
– have a stationary enterprise with its registered workplace within the non-registered firm
Los Angeles County areas;
– have 9 or fewer full-time equivalents on common over the 12 months;
– Have complete annual product sales of not more than $ 1 million; and
– a lack of product sales of no less than 25% over a. can show
12-month interval, which no less than partially falls throughout the interval of the district
COVID-19 Emergency Ordinance, which got here into power on March 4, 2020 and remains to be in power
Impact.
The county will give attention to companies within the communities which are most wanted
speedy and long-term pandemic and financial reduction efforts. opinions
will depend on danger components for COVID-19 an infection, susceptibility to extreme
Penalties of an infection and the flexibility to maneuver away from the well being, financial and
social affect of the pandemic.
Functions are assigned an fairness class and a lottery is made
held for every degree to find out priority. A complete of $ 7.5 million in
In response to a program, federal funds are at present obtainable for this system
Consultant.
Functions are accepted for eight days beginning at 8 a.m. on Wednesday
till November twenty fourth at 5 p.m.
“Simply because an organization survived the pandemic does not imply it
do not want any assist, ”mentioned supervisor Janice Hahn. “The COVID-19 disaster and the
Well being orders the county issued to attempt to save lives hit our little ones
Enterprise exhausting and lots of of them nonetheless owe lease. This venture is meant to
Give these small enterprise homeowners some reduction to allow them to get out of the pandemic
and focus on the restoration and the way forward for your organization. “
Additional data could be discovered at https://ndconline.org/small-business-
Borrow / California / Lacsbrr / or name 626-210-4500.
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