Metro’s Board of Directors authorized the establishment of Metro's Pilot Business Interruption Fund (BIF) to provide financial assistance to small "mom and pop" businesses located along the Crenshaw/LAX line, the Little Tokyo area along the Regional Connector and Phase I of the Purple Line extension that are impacted by transit rail construction.
Metro's Board authorized the Agency to designate $10,000,000 annually to be used for the implementation of the BIF. Qualifying businesses can be awarded up to $50,000 annually in financial assistance. The BSC can provide assistance to businesses in the Crenshaw/LAX transit corridor in preparing for application to the BIF.
Metro's BIF will be administered by the Pacific Coast Regional Small Business Development Corporation (PCR). For more information, please CLICK HERE: