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LA Regional COVID Fund Webinar

August 3, 2020 @ 12:00 pm - 1:00 pm

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.

Details

Date:
August 3, 2020
Time:
12:00 pm - 1:00 pm