June 30, 2020
As businesses and non-profits across the Los Angeles region continue to face challenges in response to the public health and economic crisis of COVID-19, partners across government and philanthropy have come together to deploy $3 million dollars in grants for small businesses, non-profits, and microentrepreneurs in a newly launched LA Regional COVID-19 Recovery Fund.
The $3 million dollar Recovery Fund, established as a joint effort by the County of Los Angeles, who have contributed $2 million dollars, and the City of Los Angeles, who have contributed $1 million dollars, as well as additional support from philanthropic partners, aims to assist small businesses, nonprofits, and microentrepreneurs that have been adversely impacted by the COVID-19 pandemic, providing $5,000 grants to microentrepreneurs, and $15,000 grants to non-profits and small businesses. To ensure equitable access to capital across various demographics throughout the region, grants will be distributed through an equitable lottery system.
REGISTER FOR AN UPCOMING WEBINAR
Click here for more details.