Businesses that have demonstrated evidence of a loss of revenue of at least 20% will have met this burden. Tweets by @mridleythomas SMALL BUSINESS ASSISTANCE. About 25% of awards will be reserved for social enterprises that demonstrate a need and ability to serve vulnerable populations. Additionally, the County will be providing small grants to small businesses with a focus on social enterprises demonstrating their ability to serve vulnerable populations. Visit dcba.lacounty.gov for more resources businesses. Annual purchases total almost $10 billion. The SBA connects entrepreneurs with lenders and funding to help them plan, start and grow their business. The grants may not be used to pay outstanding taxes, legal judgments, employee payroll or benefits or for lobbying. The Small Business Concierge is a free consulting service offered by Los Angeles County that helps prospective business owners who are interested in opening small businesses in the unincorporated areas of the County. PTACs are the bridge between buyer and supplier, bringing to bear their knowledge of both government contracting and the capabilities of contractors to maximize fast, reliable service to our government with better quality and at lower costs. The $500,000 Employer Assistance Fund will be closed once 150 applications are received. File photo: DCBA Director Joseph Nicchitta. On Tuesday, President Donald Trump ousted the Defense Department inspector general assigned to play watchdog over the $2 Trillion aid program less than a week after he was assigned, the New York Times reported. Like us on Facebook to see similar stories, Economists: Calif. wildfires could cause $10B in damage, These are the world's most historic restaurants. LA County relief fund loans for small businesses, which was proposed by Supervisor Mark Ridley-Thomas, Garcetti Announces Prepaid Debit Card Program For Low-Income Angelenos, established a $500,000 fund to provide businesses, Father Receives Cease And Desist From Neighbor Working Remotely, Gets Police Called On Him Over Noise Complaints, Menifee Woman Charged With Fraudulently Obtaining Over $500K From EDD, Some Say Removal Of 'Trump' Sign Along LA Freeway Politically Motivated, 'She Said It Was Fun': 31-Year-Old Riverside Woman Arrested After Allegedly Taking Firetruck On Joyride, Goldstein Investigates: COVID-19 Testing Lab For LAUSD Students Linked To Superintendent Austin Beutner, Mexican Authorities Arrest 2 In Connection With Missing LA Firefighter, Police: Woman In Custody In Apparent Accidental Shooting That Killed Man In Northridge, Driver Identified In Fatal Wrong Way Crash On 101 Freeway In Hollywood, 'What Is Going On? The relief fund would include “bridge funding for small businesses likely to receive federal disaster assistance” and “low-cost working capital loans to maintain small businesses who may not qualify for federal disaster assistance.”, It would also provide loans to nonprofit organizations and small businesses who either provide essential services or are “transitioning from an existing model to provide essential services.”. Register to do business with the U.S. government, Search for entity registration and exclusion records. L.A. County Supervisor Mark Ridley-Thomas argues that local small businesses have still not received money from the CARES Act and will need bride loans in the meantime to stay afloat. "Los Angeles County will assist our most burdened businesses impacted by the COVID-19 crisis with the launch of our Employer Assistance Grant Fund," Solis said.
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