Screen capture Metrolink
Screen capture Metrolink

The Metro Board of Directors agreed Thursday to create a $10 million fund to help South Los Angeles small businesses weather economic losses attributable to disruptions from construction of the Crenshaw/LAX light rail line.

Some businesses affected by lack of street parking, road closures and other interruptions since construction began in January could each be eligible for up to $50,000 a year, amounting to no more than 60 percent of their losses.

The disruptions have affected shops and salons along the Crenshaw Corridor since construction began on the line that will connect the Expo and Green lines.

To be eligible for financial assistance, the businesses must have 25 or fewer employees and must have been in operation for at least two years. They must also be in good tax standing and produce records to prove financial losses.

The program — proposed by Los Angeles County Supervisors Mark Ridley- Thomas and Gloria Molina, Mayor Eric Garcetti and fellow board director Jacquelyn DuPont-Walker — also includes a “Crenshaw Eat, Shop, Play Local” marketing campaign and a center where businesses can get financial advice

Ridley-Thomas called the fund a “win-win for everyone.”

” Our priority is to ensure that the long-term economic gains of the Crenshaw/LAX line to Los Angeles County don’t come at a cost of fiscal distress to our local businesses,” he said.

City News Service

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