L.A. Controller Reports Nearly $6 Million Small Business Microloans Distributed by City During Pandemic
August 19, 2020
L.A. Controller Ron Galperin, in cooperation with the City’s Economic and Workforce Development Department (EWDD), updated his interactive map and microloan tracker displaying the microloans funded by the City of Los Angeles to help small businesses get the assistance they need during the COVID-19 pandemic. Since the program started, EWDD has distributed more than $5.9 million to 419 Los Angeles businesses — an increase from the $3.4 million to 227 businesses reported when Galperin first released the tracker in July. Available at lacontroller.org/microloans, Galperin’s microloan tracker is updated through the beginning of August and includes a map with the name, location and loan amount for each recipient.
