Lynwood: Assistance For Lynwood Small Businesses Original Text

Press release from the City of Lynwood:

December 15, 2020

As a response to the COVID-19 Pandemic, the City of Lynwood is making a portion of CDBG-CV HUD funds available to small businesses to provide a one-time grant for the payment of commercial rent to qualified micro enterprises with five employees or less (including the owners). The City will provide up to $10,000 or a maximum six (6) months, whichever is less, for commercial rent. To be eligible, the recipient business must have been in operation prior to March 1, 2020; have a valid Lynwood Business License; have a verifiable loss of revenue due to COVID-19; and have not received other assistance for the same commercial rent.

Businesses must meet one of the following to be eligible for assistance:

1. The business is located in a HUD-defined low- and moderate-income area and provides a service to the immediate surrounding residential neighborhood; or

2. 51% of the business employees on payroll are from a low- and moderate-income household (80% or below); or

3. The business owners current income is low- to moderate-income (80% or below).

Ineligible businesses would include liquor stores and chain/franchise businesses.

For more information or to receive an application, please contact Bruno Naulls (Senior Project Manager) at bnaulls@lynwood.ca.us.

This press release was produced by the City of Lynwood. The views expressed are the author's own.