|Louisiana Main Street Recovery Program
|In an effort to get Louisiana businesses the economic support they need, the Louisiana Main Street Recovery Program has recently made changes to the QuickRelief Option.
On August 26, 2020, Governor John Bel Edwards extended the restrictions on businesses and their ability to conduct business transactions as compared to pre-COVID-19 business operations through at least September 11, 2020. Considering the risk to extended interruption of business, the Treasurer of the State of Louisiana and the Program increased the maximum amount businesses can receive for QuickRelief from $5,000 to $15,000. Increasing the amount of the QuickRelief award to the maximum limit set forth in Act 311 will allow the Program to maximize awards more efficiently to eligible applicants, which is consistent with the objectives of the program.
The application process for these grants will be abbreviated to efficiently and effectively distribute funds to Louisiana small businesses who were affected by the COVID-19 global pandemic, including business interruptions caused by forced closures or restricted operations resulting from voluntary closures instituted to promote social distancing, and resulting decreased consumer demand, cleaning or disinfection, and providing personal protective equipment. Additionally, the new calculation uses an expanded business interruption period to include the time period from March 1, 2020 through November 30, 2020. Previously, the calculation included the time period from March 1, 2020 through the date the application was submitted.
Who is Eligible?
If an applicant is currently under review, the program will communicate directly with the applicant regarding any additional documentation needed to maximize their grant award. If an applicant has previously received a grant award, their application will be recalculated using the new criteria. At this time, the applicants that received grant awards do not need to submit any additional information.
What Do I Need to Apply?
|On behalf of the Louisiana Department of Treasury, we would like to thank you for assisting us in spreading the word.
We very much appreciate the opportunity to help Louisiana small businesses recover from the impacts of COVID-19.