LOS ANGELES (CBSLA) — The deadline for little firms to use for the 2nd round of grants by way of Los Angeles District 13’s Modest Small business Grant Method was prolonged to Feb. 11, Councilman Mitch O’Farrell announced Thursday.
Companies in the 13th District, which involves areas of Hollywood, Silver Lake, Echo Park, Westlake and Atwater Village, can implement for grants to enable with impacts triggered by the pandemic.
The application deadline was beforehand scheduled for 5 p.m. Thursday.
The next round will present $5,000 to organizations with an annual revenue of $5 million or considerably less.
In July, firms with an annual revenue of $1 million or considerably less were being presented grants, in accordance to O’Farrell’s office.
Firms that applied throughout the initial spherical of funding but did not qualify because of to the revenue requirements will be automatically entered into this spherical, O’Farrell’s business office claimed.
Those people firms will receive an inform via electronic mail to show their standing in the application.
“Our tiny enterprises are hanging by a thread to endure mainly because of the devastating impacts and uncertainty of the Coronavirus pandemic,” O’Farrell mentioned. “This further spherical of economic aid will aid even much more community-based establishments pay out charges, keep employees and assist aid our area economy when it requirements it most.”
Qualifying candidates will be randomly picked to get the $5,000.
Qualifying applicants ought to:
- have an recognized business enterprise within just the 13th District
- have an “active status” with the California secretary of condition
- supply essential application paperwork, these kinds of as a W-9
- have an yearly gross revenue up to $5 million and an recognized industrial area and
- have been economically impacted by COVID-19.
Apps will be acknowledged from 8 a.m. Thursday till 5 p.m. on Feb. 11.
Business entrepreneurs who want to implement can go to CD13.com.
(© Copyright 2020 CBS Broadcasting Inc. All Rights Reserved. Town Information Assistance contributed to this report.)