The Small Business Assistance Grant Program is a $1.5 million economic development initiative implemented by the New Orleans Redevelopment Authority (NORA) to support and better leverage revitalization efforts taking place along 29 designated Low and Moderate Income (LMI) area commercial corridor segments, including those corridors identified in NORA’s current Commercial Corridor Gap Financing and Façade RENEW Programs. The Small Business Assistance Grant Program intends to prevent commercial vacancy and serve as an additional financial resource to certain qualified business enterprises, established between January 1, 2018 and December 31, 2022, that occupy commercial storefronts on target commercial corridors. Recoverable grants of up to $25,000 will be available to reimburse eligible business expenses including lease payments, mortgage interest, utilities, and marketing over a six (6) month covered period. Awards will be made available to qualified business enterprises on a first come first serve basis until all program funds have been allocated. NORA expects 50 or more businesses to receive funding through the program. The initial Part A application to determine business applicant eligibility can be found below and will be accepted until January 31, 2023. Applications must be dated on or before January 31, 2023, in order to be considered for eligibility.
New Orleans, LA 70113
P: 504.658.4400 • F: 504.658.4551
