LOS ANGELES (CNS) - Los Angeles County has launched the Small Business Rent Relief Grant Project today to assist qualifying small business tenants who have fallen behind on rent.
The project, funded by the American Rescue Plan Act and authorized by the L.A. County Board of Supervisors, will be administered by the county's Development Authority.
The rent relief grant project will provide up to $40,000 to help businesses cover rent that became past due as of March 4, 2020. To be eligible, applicants must meet the following requirements:
-- Have a brick-and-mortar business located in the unincorporated areas of Los Angeles County.
-- Have an annual average number of nine or fewer full-time equivalent employees.
-- Have annual total gross revenues of no more than $1 million.
-- Be able to demonstrate a gross revenue loss of at least 25% over a 12-month period falling at least in part within the Los Angeles County's COVID- 19 emergency order that went into effect March 4, 2020.
Applications will be accepted through Nov. 24 at 5 p.m.
Visit ndconline.org/lacsbrr or call 626-210-4500 for more information. Email questions regarding the Small Business Rent Relief Grant Project to LACountySBRR@ndconline.org.