Business Interruption Fund

How do businesses know if they are eligible to receive funds?

In order to be eligible for a grant, applicants must be:

1. Directly impacted by an eligible Metro Construction project.

• D Line Extension Section 1, Section 2 and Section 3
• East San Fernando Valley Light Rail Transit Project

2. Located within the eligible geographic area.

• Business must be immediately adjacent to a transit rail corridor or a designated construction staging or construction storage area, including a business located in a mall or strip-mall that is similarly situated.

3. Meet the definition of a small “mom and pop” business.

• Small business for the purposes of the BIF is defined as a for-profit business or non-religious, non-profit with 25 or fewer full-time employees.

4. Meet the technical qualifications to participate in the program, which include:

• Eligible businesses must be in continuous operation for at least two years along the corridor.
• Eligible businesses must have the ability to provide financial records (e.g. gross receipts, payroll taxes, bank statements or other financial information).
• Businesses must be solvent.
• Businesses must be in good standing with all local, state and federal taxing and licensing authorities.

5. Demonstrate a loss of business revenue directly related to the period of construction disruption.

Further Notes on Eligibility:

• Commercial property owners generally may apply for rental revenue loss from a tenant and/or other business losses. They may also file a claim based on revenue loss for mortgage, utilities, insurance, and other expenses as determined by the program administrator.
• Residential property owners are not eligible to apply.