Business owners who have been an integral part of their communities for 20 or more years can now apply for grants worth up to $20,000 under a city program, it was announced Monday.
The Los Angeles Economic Workforce Development Department launched its Legacy Business Program in February. The initiative is aimed at supporting long-standing businesses in Los Angeles through three key ways: providing access to capital, technical assistance and promotional activities.
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The application portal opened Monday morning.
“This effort is dedicated to honoring and supporting the businesses that have long been the backbone of our communities, shaping the unique character of our neighborhoods,” Los Angeles City Councilman Curren Price, who spearheaded the program, said in a statement.
“With more than 50,000 businesses in Los Angeles operating for 20 years or more, programs like this will help ensure their continued success and the preservation …