Health & Fitness
Grant Funding For East Hollywood Small Businesses Taking Apps
Businesses with an annual revenue of less than $5 million are eligible for the funding.
HOLLYWOOD, CA — Small businesses from Council District 13 are encouraged to apply for grant funding to help keep the lights on during the pandemic. Councilman Mitch O'Farrell announced a second round of applications will be accepted starting on January 28th.
Businesses with annual revenues of up to $5 million qualify for the grant funding. Councilmember O'Farrell set aside $1 million in discretionary funding for the grant program in July 2020.
“Our small businesses continue to feel the impacts and uncertainty of the Coronavirus pandemic,” said Councilmember O’Farrell. “This financial assistance for even more neighborhood-based establishments will help pay bills, retain workers, and enable the backbone of our local economy to survive.”
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According to O'Farrell's office, businesses that applied last year but failed to meet the revenue requirements are automatically entered for this round of funding.
Prospective applicants must meet the following requirements:
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— Must have an established business in Council District 13 (A map is available here)
— Must have active status with the California Secretary of State
— Must have been economically affected by COVID-19
— Must have an annual gross revenue of less than $5 million with an established commercial location
— Must provide required application documents (current BTRC, W-9, etc.)
Applications will be accepted through February 4 at 5 p.m. The online application is available here.
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