Outreach and Community-Building Grant

The Entertainment Business Interruption Fund (BIF), funded by the American Rescue Plan (ARP) and managed by the LA Small Business Development Center Network, aims to support small businesses in the entertainment industry within Los Angeles County. This program directly addresses the economic hardship faced by these businesses due to the COVID-19 pandemic and the 2023 double Hollywood Strikes. The fund's mission aligns with supporting the economic vitality of a key industry in Los Angeles, ensuring the continuity and recovery of small businesses that form its backbone. The target beneficiaries are for-profit small businesses in Los Angeles County's entertainment industry with $3 million or less in annual gross revenue. These businesses must have experienced at least a 70% loss of revenue due to the COVID-19 Pandemic (March 1, 2020, to present) and the 2023 double Hollywood Strikes (May 1, 2023 – November 30, 2023). A significant impact goal is to mitigate financial losses and facilitate recovery for these businesses, enabling them to sustain operations and contribute to the local economy. The program prioritizes businesses that demonstrate substantial revenue loss directly attributable to the specified crises. It focuses on providing financial relief for critical operational expenses, including the purchase of new certified equipment, restocking liquidated inventory, lease/rent/mortgage payments, business debt accrued due to the crises, COVID-19 related costs, employee payroll, working capital, and outstanding business expenses. A key focus is ensuring that funds are used to directly address and alleviate the negative economic impacts suffered. Expected outcomes include the stabilization of small businesses in the entertainment sector, preventing further closures, and preserving jobs. Measurable results will include the number of businesses receiving grants, the total amount of funds disbursed, and the extent to which these businesses are able to maintain or increase their operations post-grant. The grant amounts, either $10,000 for businesses with revenue less than or equal to $999,999 or $25,000 for those with revenue between $1,000,000 and $3,000,000, are directly tied to revenue size, indicating a structured approach to proportional relief. The foundation's strategic priority, through the LA Small Business Development Center Network, is to foster economic resilience within the entertainment industry. The theory of change posits that by providing targeted financial assistance to small businesses severely impacted by external economic shocks, the program can prevent widespread business failures, preserve the industry's ecosystem, and contribute to the broader economic recovery of Los Angeles County. This direct intervention aims to bridge financial gaps and allow businesses to regain stability and growth.