Main Street Recovery Grant
Louisiana REALTORS • July 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 |
View the recording of the informational webinar
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