The Los Angeles County Department of Economic Opportunity (DEO) will provide more than $54 million in grants to small and microbusinesses and nonprofit organizations under the new Economic Opportunity Grants Program (EOG), with a focus on the most COVID-impacted regions and organizations in the county. In a staggered rollout, eligible grantees may receive between $2,500 and $25,000 through the EOG.
The program aims to provide financial relief to those who have been hit hardest by the pandemic and help them sustain their operations. The grants can be used for various purposes, including payroll expenses, rent or mortgage payments, and purchasing necessary equipment or supplies.
Phase One of this initiative was launched in January 2023, originally accepting applications exclusively from the County's smallest and most disadvantaged microbusinesses ($2,500 per award). Now, the Los Angeles County Department of Economic Opportunity (DEO) has begun Phase Two of the Economic Opportunity Grant (EOG) program, which expands the grant program from supporting microbusinesses to assisting small businesses ($15,000 or $20,000 per award) and NGOs ($20,000 or $25,000 per grant).
Potential grantees might receive between $2,500 and $25,000 in a staggered rollout, with Phase 1 beginning on January 25, 2023 and initially targeting microbusinesses with less than $50,000 in yearly gross revenue.
Applicants can apply, examine eligibility, or get assistance at grants.lacounty.gov. In addition to the Economic Opportunity Grant program, small enterprises can contact the DEO's Office of Small Business for tailored one-on-one business counseling and free legal advice on a variety of issues such as commercial tenancy, contract preparation, intellectual property, and more.