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Duarte Businesses Awarded Grant Funding

This month, the City of Duarte and Los Angeles County Development Authority (LACDA) distributed the last of $88,325 in small business grants (SBG) to nine Duarte businesses providing a range of services from restaurants, repair shops, fitness to personal grooming/beauty.

“As soon as the pandemic struck, it was clear just how vital Duarte businesses are to our community’s culture and vitality,” stated Council Member Toney Lewis of Duarte’s District 7, an early proponent of the program. “When I first learned about this small business program, I wanted to make sure as many local business owners knew about it as possible. I thank them, their teams and our partners in LA County for working together to make this program a success.”

Following the approval of Coronavirus Aid, Response and Economic Security (CARES) Act funds last summer, the City and LACDA launched the Duarte Small Business Grant Program. Duarte’s SBG program was designed to support local businesses, and in particular, those facing declining revenue from closures and limited operations while still providing jobs for low- and moderate-income individuals. In order to qualify, these nine businesses meet required criteria, including at least two years of operation, having active business licenses in Duarte, being free of unresolved code violations and more. Their grants can be used for employee payroll, continuing operations, outstanding expenses and taking on adaptive practices to remain open.

“The economic impact has been incredibly difficult for Duarte’s small business community,” Craig Hensley, community development director at the City, commented. “This funding will help ensure that businesses stay open, keep employees on payroll and provide services the community wants and needs.”

If you’re the owner of a Duarte business, resources are available. The County of Los Angeles is providing support to small businesses, micro entrepreneurs and nonprofits through the LA Regional COVID-19 Recovery Fund. In addition to grants, small businesses can also apply for flexible loans and technical assistance, including one-on-one business coaching, loan application assistance and support with navigating health and safety requirements.

Most recently, the County announced the Small Business Stabilization Loan Program, an affordable and flexible business loan initiative designed to help stabilize businesses in our region. Loans range from $50,000 to $3 million and can be used for working capital, equipment purchases, inventory or refinancing existing loans at higher interest rates. The application period opens on LACDA’s website on Thursday, January 28, and will remain open indefinitely. In order to apply, eligible businesses are required to attend the “Applying for An Affordable & Flexible LACDA Loan” webinar and complete a one-on-one counseling session.

Be sure to check the Duarte Business Support webpage in our COVID-19 portal for ongoing and updated solutions.