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Los Angeles County Businesses Impacted By Coronavirus May Be Eligible For Grant Up To $10,000

Los Angeles County businesses impacted by the coronavirus, especially those serving vulnerable populations, could be eligible for a grant of up to $10,000, officials said Monday.

The L.A. County Department of Workforce Development, Aging and Community Services (WDACS), with support of the Board of Supervisors, announced an Employer Assistance Grant Fund to launch on April 8, according to the agency. 

The grant fund is set to provide a total of $500,000 to local businesses. Individual businesses may be awarded up to $10,000 based on demonstrated need, according to the County.

Approximately 25 percent of awards are expected to be reserved for social enterprises that demonstrate a need and ability to serve vulnerable populations. Applications will be processed on a first-come, first-served basis, and will close once 150 applications are received.

A webinar to guide businesses on the application process is set to be held Tuesday, April 7 at 1:30 p.m. at the following link.

The application site is set to open on Wednesday, April 8, at 8 a.m. here.

“The coronavirus pandemic has impacted residents and businesses throughout Los Angeles County,” said Supervisor Kathryn Barger. “It is vitally important that we pursue every resource available to support local business and help maintain good job opportunities throughout the region.“

“Los Angeles County will assist our most burdened businesses impacted by the COVID-19 crisis with the launch of our Employer Assistance Grant Fund,” said Supervisor Hilda L. Solis. “This innovative state-funded program will help our local businesses, including nonprofits and social enterprises that serve our communities’ most vulnerable individuals. This unprecedented global pandemic requires an unprecedented response, and L.A. County stands ready to offer relief to our small businesses.”

“We know that long after COVID-19 is gone, the economic damage it has wrought will remain, so we must do all that we can to help our local small enterprises survive,” said Supervisor Mark Ridley-Thomas. “The well-being of so many in this county depends on it.”

“Thank you to Gov. Newsom and EDD for providing this critical funding for L.A. County’s businesses, and to the Board of Supervisors for their support of this essential program,” said Otto Solorzano, acting director of WDACS. “The Employer Assistance Grant Fund will provide some of our local businesses with desperately needed capital at a critical time, allowing them to retain workers and remain in business. We are proud that the L.A. County Employer Assistance Grant Fund is the first of its kind to be offered in the state of California.”

In order to qualify to apply for the Employer Assistance Grant Fund, the business must:

  • Be a for-profit corporation, partnership or nonprofit with a for-profit activity in Los Angeles County. Social enterprises and nonprofit (501(c)(3) firms qualify.
  • Have between two and 50 full-time employees. (Note: Applicants that serve high barrier and/or vulnerable populations may exclude transitional employees from this count).
  • Have less than $2,000,000 in gross receipts or annual revenue
  • Demonstrate significant economic hardship as a result of COVID-19. (Businesses that have demonstrated evidence of a loss of revenue of at least 20 percent are set to have met the burden of demonstrating significant economic hardship)
  • Have been established at least one quarter prior to March 4, 2020 (on or before Dec. 4, 2019)
  • Be able to produce tax returns

Funding is not guaranteed. Factors that will be considered when determining grant awards will include (1) impact of the COVID-19 crisis; (2) best use/highest impact; (3) years in business operation; (4) number of employees impacted; and (5) ability to leverage alternate funds, according to officials. Compliance with the grant will be monitored for three years.

Grant funding may be used for the following:

  • Mortgage payments
  • Bridge funding to other lending or financial resources (e.g. SBA Payroll Protection)
  • Working capital costs
  • Inventory
  • Rent
  • Utility expenses
  • Other debt obligations incurred before the covered period

Funds cannot be used to satisfy any outstanding tax liens, legal judgements, any lobbying activities, employee payroll or fringe benefit expenses.

For more information or to apply, visit here.


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Los Angeles County Businesses Impacted By Coronavirus May Be Eligible For Grant Up To $10,000

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