LA Regional COVID Fund

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.

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