Purposes open for Lafayette’s Enterprise Restoration Program

Small enterprise homeowners in Lafayette struggling amid the pandemic now have a chance for help.

The Lafayette Enterprise Restoration Program launched by Lafayette Consolidated Authorities (LCG) and Lafayette Financial Growth Authority (LEDA) goals to stabilize native companies and retain and create jobs.

LCG and LEDA acquired round $800,000 in funding and the Enterprise Aid Fund at present holds about $400,000, so LCG’s Chief of Minority Affairs Carlos Harvin mentioned there may be nonetheless help out there for small companies.

Companies could apply for a forgivable load or grant of as much as $10,000 to help with as much as three months of prices related to qualifying enterprise bills incurred not previous to March of 2020. This contains however shouldn’t be restricted to hire, payroll, advantages, and utilities.

Purposes for this system at the moment are being accepted at lafayette.org/brp.

Harvin defined that this system is particularly targeted on small, native companies and is open to any enterprise that was open earlier than the pandemic however was compelled to close down by way of no fault of their very own. Harvin added that eating places, barber outlets, outfitters, and even monetary service corporations have acquired funding by way of the partnership with LCG and LEDA.

“Small companies are the lifeblood of our economic system, and Lafayette is understood for entrepreneurship,” Harvin said. “We would like them to know they have a associate at Metropolis Corridor within the mayor’s workplace, in LEDA, LCG. It means households with the ability to pay hire, put meals on the desk, present for his or her youngsters. When these small companies shut, all of us endure. We wish to allow them to know there’s assistance on the way in which.”

This system launched final June in an effort to offer aid to the enterprise group impacted by the COVID-19 pandemic.

Enterprise homeowners can start the pre-application course of now; this step determines if your corporation qualifies for funding. Officers will overview all pre-applications and can comply with up with those that qualify.

Go to lafayette.org/brp for extra info and to start the appliance course of.

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