Overview: The Los Angeles County Department of Economic Opportunity has announced the launch of the Economic Opportunity Grant program for small and microbusinesses The Los Angeles County Department of Economic Opportunity (DEO) has announced the launch of the first phase of the Economic Opportunity Grant (EOG) program for small and microbusinesses, and non-profit agencies in LA County. EOG will award more than $54 million in federal American Rescue Plan Act (ARPA) funds across 6,800 grants in a phased rollout to regions and organizations adversely affected by COVID-19. Eligible grantees may be awarded between $2,500 and $25,000 and can access on-demand application assistance, one-on-one online and in-person technical support, and pipelines to other County programs, grants, and contracting opportunities available to support post-pandemic recovery. DEO has partnered with Lendistry and the L.A. Small Business Development Centers (SBDC) to create a central application portal for this grant and future grant opportunities, and to facilitate direct concierge support. During Phase One, LA County’s smallest and most vulnerable businesses under $50k in annual gross revenue will be able to apply for grants of $2,500, funded by the State. Phase Two, funded by ARPA, will also be available to microbusinesses but will expand to […]