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Main Street Recovery Grant

Louisiana REALTORS • Jul 22, 2020

Informational Webinar with State Treasurer John Schroder on Eligibility

The Main Street Recovery Grant Program sets aside $300 million for small businesses. Businesses can apply for up to $15,000 to cover eligible expenses related to COVID-19. The State Treasurer's office has been charged with overseeing this program and are in the process of setting up an application system which is set to launch on July 28, 2020. Louisiana REALTORS® reached out to State Treasurer John Schroder and provided an informational webinar to go over what eligible expenses are included and to discuss specific issues that are relevant to the REALTORS® and brokerage owners.

What's an Eligible Expense?
Costs related to meeting public health requirements tied to COVID-19		Business interruption costs related to COVID-19
Creating social distancing		Unemployment insurance costs
Cleaning and disinfecting		Providing paid sick leave
Purchasing equipment to protect employees and/or customers		Inventory replacement
Expenses to facilitate teleworking		Increased labor cost
Necessary re-opening expenses		Mortgage interest
Signage pertaining to reopening or restructuring		Rent
Installation of drive-through windows		Payroll
		Utilities