Lafayette company grants slowed by delays, but resources may go out soon

Lafayette company grants slowed by delays, but resources may go out soon

Lafayette company grants slowed by delays, but resources may go out soon

Months just after Lafayette Mayor-President Josh Guillory introduced an $853,000 strategy to give grants to regional firms, income may quickly start to trickle out as extra than $230,000 in dozens of grants have been accredited. 

As of Tuesday, 33 grants totaling $237,000 have been authorised by the 9-individual, volunteer committee tasked with figuring out which corporations will obtain funding, in accordance to Lafayette Consolidated Govt Local community Development Director Hollis Conway. 

The plan uses $853,000 in crisis funding from the federal Division of Housing and Urban Improvement licensed by the CARES Act this spring together with $200,000 in more guidance from the Lafayette Financial Growth Authority.

Conway declared Tuesday that $100,000 of that $853,000 will be redirected to rental and utility help. That funds will add to the $560,000 his division has currently identified to support people facing electricity cutoffs and evictions mainly because of the coronavirus pandemic.