Los Angeles County Development Authority
County of Los Angeles
Project Description and Activity Budget
Contract No. Version
PROJECT
Title:
Project No: Organization
Name:
Type:
Funding Period: To:
LACDA Program Mgr:Jurisdiction:
Eligibility Summary
Funding Source:
HUD Code:
Eligibility Citation:
National Objective:
Nat. Objective Citation:
Est. Accomplishments: Performance Indicator:
Activity Summary
Project Administration
Todd Tipton
Economic Development Manager
City of Culver City
9770 Culver Blvd. Culver City, CA 90232
Phone: 310.253. 5783
Email: [email protected]
0 CV1119-21
LACDA/Cities Small Business Grant
Program
City of Culver City
Participating City
Vanessa Estella
6/30/2023
CDBG-CV1
18A
570.203(b)
LMJ
570.208(a)(4)
14 Jobs
Culver City CDBG-CV1
ED Direct: Direct Financial Assistance to For Profit Business i(A)(B), ii(A)(B)
OPERATING AGENCY
his program provides one-time only, business grants in an amount not to exceed $10,000 per eligible business owner to respond to the impacts of COVID-19. The grants may be used for expenses such as payroll, rent, or utilities for eligible business owners. The small businesses must employ no more than 15 employees and must create or retain jobs available to low/moderate income persons, and for every $10,000 in grant funding issued, one permanent full-time equivalent (FTE), job must be retained or created. If workforce reductions occurred because of the impacts of COVID-19 and the business intends to rehire those same employees when the crisis ends, that would count as job retention or creation. At least 51 percent of the jobs created and/or retained will be held by low- and moderate-income individuals. Participating businesses are to make every effort to maintain the employment level for at least one year. Eligible participants will be selected through a lottery system.
Grants awarded to small businesses will be administered in partnership with LACDA, who will assist with screening, lottery selection, and payment of awards.
CDBG funds will cover non-personnel costs.
Los Angeles County Development Authority Exhibit A
Project No: Version:CV1119-21 0
Los Angeles County Development Authority Exhibit A
None.
Funding Summary
Contracted Services/Subrecipients
Service Area
Special Conditions
None.
Program Management Mitigation Conditions
Environmental Mitigation Conditions
his program provides one-time only, business grants in an amount not to exceed $10,000 per eligible business owner to respond to the impacts of COVID-19. The grants may be used for expenses such as payroll, rent, or utilities for eligible business owners. The small businesses must employ no more than 15 employees and must create or retain jobs available to low/moderate income persons, and for every $10,000 in grant funding issued, one permanent full-time equivalent (FTE), job must be retained or created. If workforce reductions occurred because of the impacts of COVID-19 and the business intends to rehire those same employees when the crisis ends, that would count as job retention or creation. At least 51 percent of the jobs created and/or retained will be held by low- and moderate-income individuals. Participating businesses are to make every effort to maintain the employment level for at least one year. Eligible participants will be selected through a lottery system.
Grants awarded to small businesses will be administered in partnership with LACDA, who will assist with screening, lottery selection, and payment of awards.
CDBG funds will cover non-personnel costs.
Cost Category Amount
Uncategorized $104,715.00
Total $104,715.00
Region PopulationLow/Mod Pop
Culver City 39,420 12,960
Grand Total: 39,420 12,960 32.88% Low/Mod
Project No: Version:CV1119-21 0