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.