The Governor has signed SB 189 to distribute $300 million in grants to small Louisiana businesses impacted by COVID19. The fund will be administered by the Treasurer's office.
For businesses to qualify, they must be domiciled in Louisiana as of March 1, 2020, have suffered an interruption of business, have a controlling interest by a Louisiana resident, have customers or employees coming to its physical premises, have no more than 50 full-time employees as of March 1 and not be a subsidiary of a larger business, among other requirements.
The $300 million comes from the $811 million allocated for Louisiana parishes from the CARES Act. The remaining $511 million will be allocated to parishes for qualifying expenses. There is a bill currently making its way through the legislative process to