small businesses

Small Businesses in LA Can Apply for $5,000 Comeback Checks. Here's How

The program will give $5,000 each to 5,000 eligible small businesses.

Los Angeles small businesses can apply starting Tuesday for the city's Comeback Checks Grant Program.

The program will give $5,000 each to 5,000 eligible small businesses impacted by the coronavirus pandemic. The $25 million program is funded by dollars received
from the federal American Rescue Plan Act.

Here's what to know.

  • Businesses can apply for the program through Nov. 2.
  • Click here to apply. (comebackchecksla.com/)
  • Small businesses can use the money for employee payroll and benefits, rent, utilities, insurance and other business needs.
  • Applicants with businesses located in the city of Los Angeles and that have an active Business Tax Registration Certificate will be chosen randomly.
  • The Los Angeles Economic & Workforce Development Department will administer funding through three rounds.

"Our small businesses reflect our best values as Angelenos -- courage, hard work, and a commitment to serving our neighbors,'' Mayor Eric Garcetti said. ``With this investment, the city is doubling down on our work to help small businesses recover and thrive.''

Garcetti's office said that later this winter, Los Angeles will provide an $12 million in rental assistance for small businesses. During the pandemic, the city has distributed more than $56 million in grants and loans to businesses and micro-entrepreneurs.

Copyright CNS - City News Service