Secretary of State John M. Schroder announced yesterday that small businesses can start applying for grants to help cover COVID-19 related expenses by July 28, 2020.
Through the Main Street Recovery Program, businesses can apply for up to $15,000 to cover eligible expenses. In the first 21 days of the program, grants will be given to businesses who didn't receive a Paycheck Protection Program loan, insurance payment or an Economic Injury Disaster loan. In the first 60 days, $40 million will go to businesses owned by women, minorities and veterans.
Postlethwaite & Netterville (P&N), which is the largest Louisiana-based CPA firm, will serve as the program administrator to take applications, run a customer contact center, help small businesses complete applications and help with statewide outreach. MLCworks, a woman-owned Louisiana business, will help with digital marketing and advertising. Technology will be handled in house through OpenGov, which already operates Treasury's transparency website.
For more information on Main Street, visit http://www.latreasury.com.