Louisiana Main Street Recovery Grant Program

Applications for the Louisiana Main Street Recovery Program opened on July 28, 2020, providing grants to assist Louisiana small businesses in their recovery from the economic impacts of COVID-19. The program is administered through the Louisiana Department of Treasury. The funds for the Program were part of the CARES Act funding the State of Louisiana received, with $275 million available in the program.

Eligible businesses can receive up to a $15,000 grant to assist with eligible expenses incurred between March 1, 2020 and the date of application, including costs incurred to meet public health requirements (signage, cleaning, additional equipment) and business interruption costs (mortgage, rent, leases, payroll, utilities, supplies, or insurance).

The funds are limited to Louisiana domiciled small businesses (excluding non-profits) with less than 50 employees. Businesses who obtained funds under the Paycheck Protection Program or U.S. Small Business Administration Economic Injury Disaster Loan Emergency Loans will not be considered for a grant until 21 days after the program’s launch. After 21 days, those businesses may be eligible if other requirements are met. If you have received other assistance to cover qualified costs, that amount will be subtracted from the total grant claim.

Applications for priority applications will be from July 28, 2020 to August 17, 2020. Priority will be given to businesses who did not receive a Paycheck Protection Program loan, insurance payment or an Economic Injury Disaster Loan or Advance as well as businesses owned by women, minorities and veterans. Applications for businesses receiving the other assistance referenced above will begin After August 17, 2020 and will be accepted until November 4, 2020.

The program information, FAQs, and application are available at www.louisianamainstreet.com. You may also contact our office with any further questions at (225) 927-6811.

Sincerely,

Faulk & Winkler, LLC

Baton Rouge, Louisiana