Data News Staff Edited Report
Many Louisiana businesses have been hit hard by the COVID-19 Pandemic and its impact is being felt as many struggle to survive and others are closing all together.
The Louisiana’s State Treasurer, John Schroder says some small businesses harmed by the Coronavirus Pandemic should start seeing grants from a $300 million federally financed program beginning in July.
The money is part of $1.8 billion in Direct Congressional Relief that Louisiana received to respond to COVID-19.
Most of the money is being used to fill state budget shortfalls amid the pandemic. But lawmakers set aside a portion for the small business grants.
Treasurer John Schroder told lawmakers Monday that he hopes to have distributed all of the aid over a few months.