BATON ROUGE, La. (AP) — Louisiana will start accepting applications July 28 from small businesses seeking up to $15,000 grants to help with coronavirus expenses.
Treasurer John Schroder said Wednesday that he will use three contractors to help run the program, which will hand out at least $260 million in grants.
The grants are aimed at helping businesses that had to stop operating or otherwise incurred costs because of the virus outbreak.
More than 450,000 Louisiana businesses are estimated to be eligible — far more than the state can afford to give grants. Grants for the first 21 days only will be available to businesses that didn’t receive other federal aid.