Our guiding principles in responding to the COVID-19 emergency are (1) to quickly deliver resources to help sustain the Maywood businesses and workers as slower, more significant state and federal aid is mobilized, and (2) to help the most vulnerable first.
LA County WDACS to launch $500,000 Employer Assistance Grant Fund
Webinar to provide guidance to local businesses on how to apply for these grants
LOS ANGELES, CA: Today, the Los Angeles County Department of Workforce Development, Aging and Community Services (WDACS), with support of the Los Angeles County Board of Supervisors, announced that the LA County Employer Assistance Grant Fund will be launched on Wed., April 8. The LA County Employer Assistance Grant Fund will provide a total of $500,000 to local businesses. Individual businesses may be awarded up to $10,000 based on demonstrated need. Approximately 25% of awards will 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 will be held Tuesday, April 7 at 1:30pm: webinar link
“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 Los Angeles County 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 LA 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.”
“While we fight to lessen the health impacts of the worst pandemic in a century, we also are working to reduce the impact of this pandemic on businesses, workers and their communities,” said Supervisor Sheila Kuehl. “This innovative funding program is the first of its kind in the state and will help businesses keep their doors open and their workers employed.“
“This virus is threatening both the lives and the livelihoods of millions of LA County residents,” said Supervisor Janice Hahn. “As we work to slow the spread of the coronavirus and support our healthcare workers, we will also do everything we can to help our small businesses survive this crisis and keep their employees.”
“Thank you to Gov. Newsom and EDD for providing this critical funding for LA 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 LA 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 non-profit with a for-profit activity in Los Angeles County. Social enterprises and non-profit (501(c)3) firms qualify.
Have between 2 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% will have met the burden of demonstrating significant economic hardship)
Have been established at least one quarter prior to March 4, 2020 (on or before December 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. Compliance with the grant will be monitored for three years.
Grant funding may be used for the following:
Bridge funding to other lending or financial resources (e.g. SBA Payroll Protection)
Working capital costs
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.
Los Angeles City Small Business Emergency Microloan Program
updated as of 12:00pm (PDT) on 3/24/2020
this page will receive continuous updates as newer information becomes available
In light of the sweeping impact the COVID-19 pandemic is having on our small business community, the City of Los Angeles has responded swiftly and decisively to support our local, community businesses. The newly established Small Business Emergency Microloan Program now provides financing needed to strengthen small business enterprises in this time of acute need that have been affected by the COVID-19 outbreak.
Businesses that meet the criteria below may apply online for aCity of LA Small Business Emergency Microloan (click this link). To apply, register through our secure log-in system. Please read through the information below prior to submitting application. Contact information is available at the bottom of this page if you need further assistance.
Business must have a Business Tax Registration Certificate with the City of Los Angeles' Office of Finance that was filed prior to March 01, 2020
principal business owner(s) must have reasonable and responsible personal credit history and an acceptable explanation for any derogatory marks. Bankruptcies and debt write-offs must be at least 12 months old
businesses must show that historical profits were sufficient to service the requested debt and have been impacted by the COVID-19 outbreak
For more information, email the EWDD Emergency Microloan Management Team at EmergencyLoans@lacity.orgor call 213-744-7130.
EWDD is currently experiencing a high volume of calls and emails. Please be assured that we understand your concern and will respond as quickly as possible.
Small Business Finance Center (SBFC)
The SBFC helps businesses create and retain jobs, and encourages investment in low- to moderate-income communities. The SBFC has a Jump Start Loan Program, a Small Business Loan Guarantee Program, and a Farm Loan Program.
The current pandemic is affecting so many and we would like to offer some assistance on how to locate information, support and financing options.
One of the IBank Small Business Finance Center’s loan guarantee programs is designed for Disaster Relief specifically and is currently available to small businesses needing assistance to overcome economic injury caused by COVID-19. We have Financial Development Corporation (FDC) partners throughout the state that assists businesses in securing a 95% guarantee on a bank loan. The FDCs are listed below and they work directly with lenders to underwrite the loan, which the SBFC guarantees (upon approval), please reach out to them directly for assistance.
Additionally, many local government agencies are offering assistance and resources as this has been officially declared a federal and state emergency. Check your city and county, as well as these sites, for more information:
Restaurants Care is a program of the CRA Foundation. They provide one-time financial support to restaurant employees facing an unforeseen hardship.
Grants help to cover basic living expenses such as rent, food and utilities as someone works through a crisis. If you are injured, ill, in a natural disaster or experience personal challenges from mental health or substance abuse, Restaurants Care is here to help.
If faced with an immediate emergency situation, call 911. If contemplating suicide, please call the National Suicide Prevention Lifeline at 1-800-273-8255.
To learn more please contact Bobbi Cichowski at bCichowski@calrest.org
The Creator Fund is providing financial assistance to active creators who are experiencing financial hardship due to COVID-19. If you have medical, childcare, housing, or grocery needs, please apply for assistance. We'll ask for a receipt or invoice before sending the funds via Paypal.
Musicians Foundation provides aid that enables performers, educators, composers, and arrangers to continue pursuing their artistic process and vision. As the oldest non-profit of its kind in the United States, Musicians Foundation is dedicated to assisting musicians, and their families, in times of emergency, crisis, or transition. Their goal is to relieve the financial burdens of musicians who qualify according to the Foundation’s criteria.
MusiCares is the Emergency Financial Assistance Program that provides critical funds for music people struggling with financial, medical or personal crises. This program offers financial assistance for medical expenses including doctor, dental and hospital bills, prescriptions, addiction recovery treatment, psychotherapy, treatment for HIV/AIDS, Parkinson's, Alzheimer's and other critical illnesses, as well as basic living expenses such as rent and utilities.