BATON ROUGE, La. (WVLA/WGMB) — For Louisiana businesses closed at any point during the COVID-19 pandemic, a new window is officially open.
State Treasurer John Schroder’s office started taking applications Tuesday for the Main Street Recovery Program. The $275 million program offers small businesses $15,000 grants for pandemic-related expenses.
Qualified businesses must be based in Louisiana with fewer than 50 workers, as of Mar. 1. They must have filed taxes over the past two years or intend to file in 2020.
The first three weeks will only be open to businesses that haven’t yet gotten virus-related insurance or government help elsewhere. After that, the program will welcome anyone who fits these guidelines — money pending.
It’s unclear how big a dent these first-come, first-served grants will make. Treasurer Schroder has said high demand could mean the money dries out within weeks.
Businessowners can apply online at LouisianaMainStreet.com.