Small enterprise homeowners 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 Improvement 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 the moment holds about $400,000, so LCG’s Chief of Minority Affairs Carlos Harvin mentioned there’s nonetheless help out there for small companies.
Companies might 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 consists of however just isn’t restricted to lease, payroll, advantages, and utilities.
Purposes for this system are actually 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 compelled to close down by means of no fault of their very own. Harvin added that eating places, barber outlets, outfitters, and even monetary service firms have obtained funding by means of the partnership with LCG and LEDA.
“Small companies are the lifeblood of our financial system, and Lafayette is thought for entrepreneurship,” Harvin said. “We wish them to know they have a companion at Metropolis Corridor within the mayor’s workplace, in LEDA, LCG. It means households with the ability to pay lease, put meals on the desk, present for his or her kids. When these small companies shut, all of us endure. We need to allow them to know there’s assistance on the best way.”
The program launched last June in an effort to supply reduction to the enterprise group impacted by the COVID-19 pandemic.
Enterprise homeowners can start the pre-application course of now; this step determines if your corporation qualifies for funding. Officers will overview all pre-applications and can observe up with those that qualify.
Go to lafayette.org/brp for extra info and to start the appliance course of.
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