During these difficult times, the Novel Coronavirus (COVID-19) pandemic is affecting our local, national and global economies through increasing cancellations, stock market swings, and a sense of growing fear in our community. Every employer, contractor and business owner is having to make difficult choices both for the short term and the foreseeable future about how to comply with social distancing mandates, and also continue to serve customers and clients and take care of their workers and families.
Here in Council District 5, my staff and I are here for you and we are compiling information to help businesses and workers impacted by the Novel Coronavirus (COVID-19). To those of you who plan to continue offering services, please contact my office so that we can alert your neighbors that you are open for business and encourage their patronage. If you are a small business owner, please contact Jasmine.Shamolian@lacity.org, for any services you are offering to the community at this time.
Thank you to everyone in the City of Angels working to make a difference especially in these difficult times. Thank you to our retail associates working overnight to stock our shelves, the couriers delivering food, and the medical professionals and first responders answering the call of duty. Thank you also to the nonprofit organizations and retail businesses changing their models to continue to serve their public. Our hearts are also with all who have had to make the agonizing decision to close their doors.
Below you can find some services to help small businesses through this trying time. Also, please continue to support local businesses by ordering takeout, curbside takeout, and/or delivery, and by purchasing gift cards for future purchases.
Featured restaurants in Council District 5 offering delivery/ carryout:
The Stand: open Monday – Friday 8:00 a.m. – 2:30 p.m.; delivery/carryout only.
Cuvee: open Monday – Friday 7:30 a.m. – 4:00 p.m.; delivery/carryout only.
Habanero: open Monday – Friday 8:00 a.m. – 2:30 p.m.; delivery/carryout only.
Trimana: open Monday – Friday 7:00 a.m. – 2:00 p.m.; carryout only.
Starbucks: open Monday – Friday 4:30 a.m. – 5:30 p.m.; carryout only.
Coffee Bean & Tea Leaf: open Monday – Friday 6:00 a.m. – 6:00 p.m.; carryout only.
Click here for a comprehensive list of delivery & takeout in the Westwood Village.
Councilmember Paul Koretz, Fifth District
Mayor Garcetti Announces Economic Relief Package For Small Businesses Impacted By The Novel Coronavirus (COVID-19)
Mayor Eric Garcetti today announced an $11 million economic relief package for small businesses impacted by the Novel Coronavirus (COVID-19).
“Small businesses are the backbone of our economy, and we’ll do everything possible to help them survive this crisis,” said Mayor Garcetti. “This program will offer the support they urgently need to be in a better position to stay in business, retain employees, and thrive again when we get past this very difficult moment.”
As part of the program, which was approved by the Los Angeles City Council, the Economic and Workforce Development Department will provide $11 million in no-fee microloans of $5,000 to $20,000 — which may be used to cover working capital. Since cash flow is critical at this unprecedented time, the program will offer relaxed underwriting with no credit score minimum, a generous allowance to meet debt service, and a 100% Loan to Value ratio. The interest rate can either be 0% for a term of six months to one year, or 3% to 5% for a term of up to five years.
The microloan program is being paired with a Small Business Resilience Toolkit, which is being distributed as a digital guidebook and includes vital information covering Federal, State, County, and City emergency policies and programs impacting small businesses. It also offers strategies for adjusting to the effects that COVID-19 is having on businesses — including ways to keep employees safe, maintain operations at maximum possible capacity, and prepare business continuity plans.
To apply for a microloan or view the toolkit, please visit lamayor.org/loan.
Federal emergency funds are available for small businesses across the country that are affected by the spread of Coronavirus. The U.S. Small Business Administration (SBA) provides low-interest disaster loans to help businesses and homeowners recover from declared disasters. Apply here at https://www.sba.gov
The Los Angeles Small Business Development Center has created a COVID-19 Response Guide that is designed to be a practical and effective resource for small business owners to stay informed, plan, and respond to the impact of COVID-19.
Download the guide here: https://smallbizla.org/covid19-response-guide/
For all of the most up-to-date information on Coronavirus/ COVID-19, continue to check back at the following official websites:
Los Angeles County Department of Public Health (publichealth.lacounty.gov)
Center for Disease Control (cdc.gov)
City of Los Angeles (LACity.org)
Los Angeles Unified School District (LAUSD.net)
Sign up for emergency alerts: NotifyLA and/or text your zipcode to 888777 (NotifyLA.org)
Los Angeles Homeless Services Authority (lahsa.org)