LADWP Expands Business Retention Program to Assist Small Businesses Financially Impacted by Infrastructure
|LOS ANGELES — Yesterday, the Board of Water and Power Commissioners voted to expand the Capital Projects Business Retention Program (CPBRP) pilot, which can provide up to $18,000 in financial assistance and support services to businesses temporarily impacted or inconvenienced by specific long term Los Angeles Department of Water and Power (LADWP) water infrastructure projects.
With the vote, the pilot program can now provide assistance to the City Trunk Line South Unit 3 and City Trunk Line South Unit 4 projects located in the San Fernando Valley, adding nearly 150 more eligible businesses to the program.
“With every business we are able to support, we not only help maintain valuable jobs in the City of Los Angeles but we also help keep business customers impacted by our critical infrastructure replacement work healthy” said LADWP General Manager David H. Wright. “This program is a win for small business and a win for the City of Los Angeles.”
To qualify, businesses must be located within 100 yards of the project and provide documentation to substantiate the claimed loss of revenue due to the construction project as outlined on the application. For the purposes of the pilot program small businesses are defined as having 25 or fewer employees.
The newly added City Trunkline Unit 3 Project began in July 2016 and is scheduled to be complete in 2022. The area of this project is on Whitsett Avenue running from Vanowen Street to Magnolia Boulevard. Approximately 50 to 90 businesses are expected to be eligible for program assistance. City Trunk Line South Unit 4 will assist businesses located on Whitsett and Magnolia Boulevards. Approximately 30 to 50 business have been identified in this area. The project began in April 2015 and is expected to be completed in 2017.
The program also helps provide those temporarily impacted businesses with access to resources outside of LADWP, as well as technical assistance on needs like business planning, accounting and marketing.
To learn more about CPBR, please visit: www.ladwp.com/EDD/cpbr.