State Treasurer John M. Schroder announced today all qualifying small businesses now can receive a grant from the Main Street Recovery Program, even if they got prior federal assistance such as a Paycheck Protection Program loan.
Act 311 of the Louisiana 2020 Regular Session set aside $275 million from the CARES Act for the Louisiana Main Street Recovery Program but prioritized businesses who didn’t receive prior funding for the first 21 days. The restriction ended today.
“The end of the restriction opens up Main Street to thousands of additional small businesses across Louisiana,” said Treasurer Schroder. “Many of them have already applied. We just couldn’t initiate a review of them for the first 21 days of the program. Those who haven’t applied should do so immediately.”
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