The New Orleans Redevelopment Authority (NORA) is seeking applications for its Small Business Assistance Grant Program to support and better leverage revitalization efforts taking place along 29 designated low- to moderate-income area commercial corridor segments, including those corridors identified in NORA’s current Commercial Corridor Gap Financing and Façade RENEW Programs.
Donor Name: New Orleans Redevelopment Authority (NORA)
State: Louisiana
City: New Orleans
Type of Grant: Grant
Deadline: 03/25/2022
Size of the Grant: $25,000
Details:
The program is designed to prevent commercial vacancy and provide financial resources to certain small business enterprises established between January 1, 2019, and December 31, 2021, and who currently occupy commercial spaces or storefronts on target commercial corridors by providing recoverable grants.
Funding Information
Up to $25,000. The grant amount will be based on eligible planned expenditures submitted as part of the application.
Eligible Businesses
The business must be currently operating and located in a retail space along a target Low and Moderate Income (LMI) commercial corridor. Businesses that are ineligible for funding include, but are not limited to, home-based businesses, pawn shops, adult bookstores, adult performance venues, payday loan stores, branch banks, Corporate-owned franchises, racetracks or other facilities used for gambling, bail bonds, any store where the principal business is the sale of alcoholic beverages (package), Hotels/Motels/Short Term Rentals, Institutional Uses, Hospitals and Health Clinics, and others, as determined by NORA.
For more information, visit Small Business Assistance Grant Program.