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Louisiana Main Street Recovery Fund: (More) Help is On the Way

The Louisiana Main Street Recovery Fund was created by Act 311 of the Louisiana legislature and awards grants to Louisiana small businesses to assist in their recovery from the economic impacts of COVID-19. The Program is administered by the Louisiana Department of Treasury (John M. Schroder, State Treasurer). The maximum grant amount is $15,000. It is not a loan program – grant funds will not have to be repaid unless it is determined that the information contained within the application was false, fraudulent, or materially misleading.

The eligibility requirements for businesses are:

  • 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

  • Are not part of a bigger business with more than 50 full-time workers

  • Does not exist for the purpose of advancing partisan political activity and does not directly lobby federal or state officials

  • Does not derive income from passive investments without active participation in business operations

Two (2) types of costs are considered when determining the grant amount: (i) Costs incurred to meet public health requirements, and (ii) Business interruption costs. All costs must be reasonable and necessary, have a business purpose, be an incurred expense prior to filing the grant application and within the program period of March 1, 2020 to November 4, 2020. No future expenses can be claimed. A few examples of allowable costs are: cleaning or disinfecting areas due to COVID-19, personal protective supplies for employees or customers, technology expenses to facilitate teleworking, mortgage interest, rent of existing business locations and equipment, lease costs of vehicles, employee payroll, utilities, supplies and insurance.

If a business has already received assistance from other government programs, that business can still be eligible for the grant program. Assistance previously received from other sources will be subtracted from your claimed amount on the grant. If a business has received PPP money, that business can still receive money from this program but not to the extent that the business is recovering for the same costs incurred. Additionally, an application for a business that received a PPP loan or EIDL may not have its application reviewed until after the first 21 days of the Program.

There is also a “QuickRelief” option that allows eligible applicants to receive grants up to $5,000 dollars on an expedited basis.

Applications can be submitted online at www.louisianamainstreet.com. A business can also determine eligibility by visiting www.louisianamainstreet.com/business-eligibility-quiz/.

Louisiana Main Street Recovery Fund: (More) Help is On the Way

The Louisiana Main Street Recovery Fund was created by Act 311 of the Louisiana legislature and awards grants to Louisiana small businesses to assist in their recovery from the economic impacts of COVID-19. The Program is administered by the Louisiana Department of Treasury (John M. Schroder, State Treasurer). The maximum grant amount is $15,000. It is not a loan program – grant funds will not have to be repaid unless it is determined that the information contained within the application was false, fraudulent, or materially misleading.

The eligibility requirements for businesses are:

  • 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

  • Are not part of a bigger business with more than 50 full-time workers

  • Does not exist for the purpose of advancing partisan political activity and does not directly lobby federal or state officials

  • Does not derive income from passive investments without active participation in business operations

Two (2) types of costs are considered when determining the grant amount: (i) Costs incurred to meet public health requirements, and (ii) Business interruption costs. All costs must be reasonable and necessary, have a business purpose, be an incurred expense prior to filing the grant application and within the program period of March 1, 2020 to November 4, 2020. No future expenses can be claimed. A few examples of allowable costs are: cleaning or disinfecting areas due to COVID-19, personal protective supplies for employees or customers, technology expenses to facilitate teleworking, mortgage interest, rent of existing business locations and equipment, lease costs of vehicles, employee payroll, utilities, supplies and insurance.

If a business has already received assistance from other government programs, that business can still be eligible for the grant program. Assistance previously received from other sources will be subtracted from your claimed amount on the grant. If a business has received PPP money, that business can still receive money from this program but not to the extent that the business is recovering for the same costs incurred. Additionally, an application for a business that received a PPP loan or EIDL may not have its application reviewed until after the first 21 days of the Program.

There is also a “QuickRelief” option that allows eligible applicants to receive grants up to $5,000 dollars on an expedited basis.

Applications can be submitted online at www.louisianamainstreet.com. A business can also determine eligibility by visiting www.louisianamainstreet.com/business-eligibility-quiz/.

Louisiana Main Street Recovery Fund: (More) Help is On the Way

The Louisiana Main Street Recovery Fund was created by Act 311 of the Louisiana legislature and awards grants to Louisiana small businesses to assist in their recovery from the economic impacts of COVID-19. The Program is administered by the Louisiana Department of Treasury (John M. Schroder, State Treasurer). The maximum grant amount is $15,000. It is not a loan program – grant funds will not have to be repaid unless it is determined that the information contained within the application was false, fraudulent, or materially misleading.

The eligibility requirements for businesses are:

  • 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

  • Are not part of a bigger business with more than 50 full-time workers

  • Does not exist for the purpose of advancing partisan political activity and does not directly lobby federal or state officials

  • Does not derive income from passive investments without active participation in business operations

Two (2) types of costs are considered when determining the grant amount: (i) Costs incurred to meet public health requirements, and (ii) Business interruption costs. All costs must be reasonable and necessary, have a business purpose, be an incurred expense prior to filing the grant application and within the program period of March 1, 2020 to November 4, 2020. No future expenses can be claimed. A few examples of allowable costs are: cleaning or disinfecting areas due to COVID-19, personal protective supplies for employees or customers, technology expenses to facilitate teleworking, mortgage interest, rent of existing business locations and equipment, lease costs of vehicles, employee payroll, utilities, supplies and insurance.

If a business has already received assistance from other government programs, that business can still be eligible for the grant program. Assistance previously received from other sources will be subtracted from your claimed amount on the grant. If a business has received PPP money, that business can still receive money from this program but not to the extent that the business is recovering for the same costs incurred. Additionally, an application for a business that received a PPP loan or EIDL may not have its application reviewed until after the first 21 days of the Program.

There is also a “QuickRelief” option that allows eligible applicants to receive grants up to $5,000 dollars on an expedited basis.

Applications can be submitted online at www.louisianamainstreet.com. A business can also determine eligibility by visiting www.louisianamainstreet.com/business-eligibility-quiz/.

Louisiana Main Street Recovery Fund: (More) Help is On the Way

The Louisiana Main Street Recovery Fund was created by Act 311 of the Louisiana legislature and awards grants to Louisiana small businesses to assist in their recovery from the economic impacts of COVID-19. The Program is administered by the Louisiana Department of Treasury (John M. Schroder, State Treasurer). The maximum grant amount is $15,000. It is not a loan program – grant funds will not have to be repaid unless it is determined that the information contained within the application was false, fraudulent, or materially misleading.

The eligibility requirements for businesses are:

  • 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

  • Are not part of a bigger business with more than 50 full-time workers

  • Does not exist for the purpose of advancing partisan political activity and does not directly lobby federal or state officials

  • Does not derive income from passive investments without active participation in business operations

Two (2) types of costs are considered when determining the grant amount: (i) Costs incurred to meet public health requirements, and (ii) Business interruption costs. All costs must be reasonable and necessary, have a business purpose, be an incurred expense prior to filing the grant application and within the program period of March 1, 2020 to November 4, 2020. No future expenses can be claimed. A few examples of allowable costs are: cleaning or disinfecting areas due to COVID-19, personal protective supplies for employees or customers, technology expenses to facilitate teleworking, mortgage interest, rent of existing business locations and equipment, lease costs of vehicles, employee payroll, utilities, supplies and insurance.

If a business has already received assistance from other government programs, that business can still be eligible for the grant program. Assistance previously received from other sources will be subtracted from your claimed amount on the grant. If a business has received PPP money, that business can still receive money from this program but not to the extent that the business is recovering for the same costs incurred. Additionally, an application for a business that received a PPP loan or EIDL may not have its application reviewed until after the first 21 days of the Program.

There is also a “QuickRelief” option that allows eligible applicants to receive grants up to $5,000 dollars on an expedited basis.

Applications can be submitted online at www.louisianamainstreet.com. A business can also determine eligibility by visiting www.louisianamainstreet.com/business-eligibility-quiz/.

Louisiana Main Street Recovery Fund: (More) Help is On the Way

The Louisiana Main Street Recovery Fund was created by Act 311 of the Louisiana legislature and awards grants to Louisiana small businesses to assist in their recovery from the economic impacts of COVID-19. The Program is administered by the Louisiana Department of Treasury (John M. Schroder, State Treasurer). The maximum grant amount is $15,000. It is not a loan program – grant funds will not have to be repaid unless it is determined that the information contained within the application was false, fraudulent, or materially misleading.

The eligibility requirements for businesses are:

  • 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

  • Are not part of a bigger business with more than 50 full-time workers

  • Does not exist for the purpose of advancing partisan political activity and does not directly lobby federal or state officials

  • Does not derive income from passive investments without active participation in business operations

Two (2) types of costs are considered when determining the grant amount: (i) Costs incurred to meet public health requirements, and (ii) Business interruption costs. All costs must be reasonable and necessary, have a business purpose, be an incurred expense prior to filing the grant application and within the program period of March 1, 2020 to November 4, 2020. No future expenses can be claimed. A few examples of allowable costs are: cleaning or disinfecting areas due to COVID-19, personal protective supplies for employees or customers, technology expenses to facilitate teleworking, mortgage interest, rent of existing business locations and equipment, lease costs of vehicles, employee payroll, utilities, supplies and insurance.

If a business has already received assistance from other government programs, that business can still be eligible for the grant program. Assistance previously received from other sources will be subtracted from your claimed amount on the grant. If a business has received PPP money, that business can still receive money from this program but not to the extent that the business is recovering for the same costs incurred. Additionally, an application for a business that received a PPP loan or EIDL may not have its application reviewed until after the first 21 days of the Program.

There is also a “QuickRelief” option that allows eligible applicants to receive grants up to $5,000 dollars on an expedited basis.

Applications can be submitted online at www.louisianamainstreet.com. A business can also determine eligibility by visiting www.louisianamainstreet.com/business-eligibility-quiz/.

Louisiana Main Street Recovery Fund: (More) Help is On the Way

The Louisiana Main Street Recovery Fund was created by Act 311 of the Louisiana legislature and awards grants to Louisiana small businesses to assist in their recovery from the economic impacts of COVID-19. The Program is administered by the Louisiana Department of Treasury (John M. Schroder, State Treasurer). The maximum grant amount is $15,000. It is not a loan program – grant funds will not have to be repaid unless it is determined that the information contained within the application was false, fraudulent, or materially misleading.

The eligibility requirements for businesses are:

  • 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

  • Are not part of a bigger business with more than 50 full-time workers

  • Does not exist for the purpose of advancing partisan political activity and does not directly lobby federal or state officials

  • Does not derive income from passive investments without active participation in business operations

Two (2) types of costs are considered when determining the grant amount: (i) Costs incurred to meet public health requirements, and (ii) Business interruption costs. All costs must be reasonable and necessary, have a business purpose, be an incurred expense prior to filing the grant application and within the program period of March 1, 2020 to November 4, 2020. No future expenses can be claimed. A few examples of allowable costs are: cleaning or disinfecting areas due to COVID-19, personal protective supplies for employees or customers, technology expenses to facilitate teleworking, mortgage interest, rent of existing business locations and equipment, lease costs of vehicles, employee payroll, utilities, supplies and insurance.

If a business has already received assistance from other government programs, that business can still be eligible for the grant program. Assistance previously received from other sources will be subtracted from your claimed amount on the grant. If a business has received PPP money, that business can still receive money from this program but not to the extent that the business is recovering for the same costs incurred. Additionally, an application for a business that received a PPP loan or EIDL may not have its application reviewed until after the first 21 days of the Program.

There is also a “QuickRelief” option that allows eligible applicants to receive grants up to $5,000 dollars on an expedited basis.

Applications can be submitted online at www.louisianamainstreet.com. A business can also determine eligibility by visiting www.louisianamainstreet.com/business-eligibility-quiz/.

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