COVID Small Business
𝐒𝐨𝐦𝐞 𝐢𝐧𝐟𝐨𝐫𝐦𝐚𝐭𝐢𝐨𝐧 𝐨𝐧 𝐭𝐡𝐞 𝐋𝐨𝐮𝐢𝐬𝐢𝐚𝐧𝐚 𝐌𝐚𝐢𝐧 𝐒𝐭𝐫𝐞𝐞𝐭 𝐑𝐞𝐜𝐨𝐯𝐞𝐫𝐲 𝐅𝐮𝐧𝐝 𝐟𝐨𝐫 𝐬𝐦𝐚𝐥𝐥 𝐛𝐮𝐬𝐢𝐧𝐞𝐬𝐬𝐞𝐬:
Below is some information we gathered on the Louisiana Main Street Recovery Fund for small businesses suffering the impacts of COVID-19.
Act 311 directed $300 million of the CARES Act funds to the Louisiana Main Street Recovery Fund to provide economic support to eligible Louisiana businesses for costs incurred in connection with COVID-19.
The program will be administered through the Office of the State Treasurer.
𝐓𝐡𝐞 𝐚𝐩𝐩𝐥𝐢𝐜𝐚𝐭𝐢𝐨𝐧 𝐩𝐫𝐨𝐜𝐞𝐬𝐬 𝐚𝐧𝐝 𝐭𝐡𝐞 𝐟𝐮𝐥𝐥 𝐝𝐞𝐭𝐚𝐢𝐥𝐬 𝐡𝐚𝐯𝐞 𝐧𝐨𝐭 𝐛𝐞𝐞𝐧 𝐚𝐧𝐧𝐨𝐮𝐧𝐜𝐞𝐝. 𝐒𝐭𝐚𝐭𝐞 𝐨𝐟𝐟𝐢𝐜𝐢𝐚𝐥𝐬 𝐡𝐚𝐯𝐞 𝐬𝐚𝐢𝐝 𝐭𝐡𝐚𝐭 𝐰𝐢𝐥𝐥 𝐜𝐨𝐦𝐞 𝐨𝐧 𝐨𝐫 𝐛𝐞𝐟𝐨𝐫𝐞 𝐉𝐮𝐥𝐲 𝟏.
We’re passing along what we compiled so small business owners can stay attune to more on how to apply in the days to come. When we receive more, we will share that as well.
See the information as outlined in state legislation (Act 311) in this PDF document uploaded by The Advocate newspaper 𝐇𝐄𝐑𝐄: https://bit.ly/2Yz6NpO. Find the original legislation 𝐇𝐄𝐑𝐄: https://bit.ly/2BCNl2x.
Rep. Charles “Chuck” Owen has also posted some graphics on his Facebook page 𝐇𝐄𝐑𝐄: https://bit.ly/2YAEkA9
You can find a news story from The Advocate 𝐇𝐄𝐑𝐄: https://bit.ly/2BcZZFB
The Baton Rouge Area Chamber posted some information on its site earlier this week 𝐇𝐄𝐑𝐄: https://bit.ly/2YDr4ea. In that information, it is reported that a dedicated telephone line for the program will be 225-342-0012. We’re told an email for inquiries has been set up at MSRP@treasury.la.gov.
More information is also supposed to be added on the Louisiana Treasurer’s website 𝐇𝐄𝐑𝐄: https://www.treasury.la.gov. Check back for that.