The Los Angeles County Department of Economic Opportunity awards grants to eligible Microbusinesses, Small Businesses and Nonprofits.
Donor Name: Los Angeles County Department of Economic Opportunity
State: California
County: Los Angeles County (CA)
Type of Grant: Grant
Deadline:
- Microbusiness (Phase I): 05/05/2023
- Small Businesses and Nonprofits: 05/20/2023
Size of the Grant: $25,000
Details:
Los Angeles County’s Department of Economic Opportunity will award more than $54 million across 6,800 grants to LA County’s microbusinesses, small businesses and nonprofits.
Funding Information
- Microbusinesses:
- Grants of $2,500 for microbusinesses with less than $50,000 in revenue in the 2019 taxable year that are located and operating in the County of Los Angeles, including City of Los Angeles. Must have five or fewer employees, have started prior to December 31, 2019, and have not received a California Small Business COVID-19 Relief Grant.
- Small Businesses:
- Grants of $20,000 for small businesses between $100,000 and $2 million in revenue in either 2019, 2020, or 2021 taxable year that are located and operating in the County of Los Angeles, excluding City of Los Angeles; must have started prior to December 30, 2021.
- Nonprofits
- Grants of $20,000 for small nonprofits under $1 million in revenue in either 2019, 2020, or 2021 taxable years that are located in Los Angeles County, or its incorporated cities (which may include the City of Los Angeles); must have started prior to December 30, 2021
- Grants of $25,000 for nonprofits with revenue between $1 million and $5 million in either 2019, 2020, or 2021 taxable years that are located in Los Angeles County, or its incorporated cities (which may include the City of Los Angeles); must have started prior to December 31, 2021.
Eligibility Criteria
- Microbusinesses
- A microbusiness is a for-profit business with less than $50,000 in annual gross revenue receipts
- Small Businesses and Nonprofits
- A small business is a for-profit business with annual gross revenue of under $2 million based on 2019, 2020, or 2021 taxable years
- A nonprofit organization is a nonprofit social service provider with a 501(c)(3), 501(c)(6) or 501(c)(19) designation with annual gross revenue of under $5 million based on 2019, 2020, or 2021 taxable years.
For more information, visit LACDEO.
