The Louisiana Main Street Recovery Program is a $275 million grant program designed to reimburse eligible small businesses for expenses related to COVID-19. $40 million has been set aside in the first 60 days to ensure minority, women, and veteran owned businesses receive the relief they need. The online application opens Tuesday, July 28, 2020.
Some expenses the grant will reimburse include cleaning fees, costs to create social distancing, PPE, contactless equipment, some technology fees, signage, etc. Business interruption costs may also be reimbursable, including inventory replacement (spoiled food), increased labor costs (hiring delivery drivers), rent, payroll, and others. Visit www.LouisianaMainStreet.com for more information.
Eligible businesses:
- Were domiciled in Louisiana as of March 1, 2020
- Suffered an interruption of business
- At least 50% owned by one or more Louisiana residents
- Filed Louisiana taxes in 2018 or 2019 or will file taxes in 2020
- Had no more than 50 full-time employees as of March 1, 2020
- Have customers or employees visit a physical location