The LA Regional COVID-19 Recovery Fund is open to micro-entrepreneurs, small businesses, and non-profits located in Los Angeles County that meet the below criteria.
Micro-Entrepreneurs are eligible for $5,000 grants
- Workers participating in the gig economy, street vendors, sole proprietors, independent contractors, 1099 workers, and/or LLCs with revenues of $100,000 or less in the most recent available tax return (2018 or 2019).
- Must have 2018 or 2019 tax return to verify revenue.
Small Businesses are eligible for $15,000 grants
- Registered for-profit business entities that have a yearly gross revenue of more than $100,000 but less than $1 million based on most recent available tax return (2018 or 2019).
- Must have 2018 or 2019 tax return to verify revenue.
- Must be an “Active” business with the California Secretary of State.
Non-Profits are eligible for $15,000 grants
- Registered 501(C)(3) organizations that have annual gross revenue of less than $1 million based on most recent available 990 form (2018 or 2019).
- Must provide supportive services to low- to moderate-income individuals or families in LA County.
- Must provide a filed 990 for 2018 or 2019 to verify revenue.
- Must be an “Active” nonprofit with the California Secretary of State.
Additional Requirements
- All entities must have been created as of September 2019.
- Small businesses must have filed taxes for the fiscal year 2018 or 2019 to verify that their gross revenue was greater than $100,000 but less than $1,000,000.
- Non-profits must have filed 990 forms for the fiscal year 2018 or 2019 to verify that their gross revenue was $1,000,000 or less.
- Upon award, Nonprofits must be able to provide tax status verification documentation.
- Upon award, Small businesses and non-profits must be able to verify that their entity is “Active” with the California Secretary of State.
- Upon award, Veteran-owned businesses will need to provide DD214 forms
- Upon award, all winners must provide a W9 form and bank account information.
- All winners will be required to attend a 1 hour webinar on completing verification process to receive grant funds. Please note translators and/or in-language support for those winners who do not speak English as their primary language will be provided.
This is a FREE webinar, and there are various dates/times available, but pre-registration is required. You can register (and view dates/times) by clicking HERE.
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