BRAC’s June 22 COVID-19 Brief: Details on Louisiana’s Main Street Recovery Fund

The Louisiana Main Street Recovery Fund, a small business set aside of $300 million of the $1.8 billion the state received from the federal CARES Act, will provide grants of up to $15,000 for eligible for-profit businesses. The money will be prioritized for businesses who have not accessed other federal aid in its first 21 days, and no less than $40 million of the fund will be designated for access by minority owned businesses in its first 60 days. The beginning of the program will be announced on or before July 1, and BRAC will continue to monitor the opportunity and provide updates as they are available.


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