The City of Shreveport, in partnership with SUSLA Community Development Corporation, has established the “Safe Reopening Fund” to support the city’s smallest businesses as they transition into a phased reopening and continue to grapple with the economic burdens imposed by COVID-19.
The City of Shreveport’s Department of Community Development will make an initial $100,000 available for distribution in the form of forgivable micro-loans to small businesses. These funds are Community Development Block Grants that are earmarked for economic development.Businesses will receive checks for $500, which can be used to cover the cost of personal protective equipment (PPE) for employees or as working capital to assist with reopening.
Loans will be forgiven after 90 days if the recipients meet basic requirements, which include:
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