Culver City To Offer Grants In Support Of Local Small Businesses

Culver City CA

01 March, 2022

6:35 PM

Description

Culver City Crossroads March 1, 2022 The City of Culver City Small Business Grant (SBG) Program is offered to local business that have been economically impacted by the COVID-19 pandemic. The City is providing grants of up to $10,000 to businesses that create or retain a job for a low- and moderate-income person. The program intake form is now available until March 4, 2022. Eligible Businesses include Small Businesses located in Culver City that meet the following criteria: Small Businesses with fewer than 500 employees that have been impacted by COVID-19Restaurants, coffee shops, bakeries, cafés, gastropubs, salons, barber shops and other grooming businesses, gyms, day spas, and fitness studiosRetail and commercial stores such as local markets, consumer goods, electronics, appliances, health and sporting goods, furniture, clothing and shoes, books, and music storesActive business license in the City or County, as applicableNo unresolved City, municipal, or health code violationsBusiness in continuous operation in Culver City for at least two yearsIneligible BusinessesView a list of ineligible businesses.Use of Grant FundsGrant funds can be used for operational business expenses such as: Employee payroll Working capital to continue operationsPayment of outstanding business expensesAdaptive practices needed to remain open (i.e., equipment and supplies for physical distancing)How to Participate Eligible businesses submit an intake form during the open application period. After the intake period closes, a lottery will be conducted, and selected businesses will be requested to complete an application. The Los Angeles County Development Authority (LACDA) will work with the selected businesses on behalf of the City of Culver City to complete an application, execute an agreement, and provide the grant funds directly to the business owners. Culver City Crossroads is the prime source for news, events, politics, education and culture. they are here to serve the community, create connections, and have fun.