What are the eligibility requirements for a microbusiness Phase 1 and Phase 2?

Eligibility Requirements for Phase 1 and Phase 2

• Phase 1 (January 25, 2023 - March 25, 2023)

  1. For-profit business with $50,000 or less in annual gross revenue receipts in the 2019 taxable year
  2. Business must have started prior to December 31, 2019, and be currently active and operating
  3. Located and operating in the County of Los Angeles, including City of Los Angeles
  4. Five or fewer full time equivalent employees currently and in the 2019 and 2020 taxable years
  5. Negatively impacted by the COVID-19 pandemic

  Phase 2 (February 23, 2023 - May 20, 2023)

  1. For-profit business with less than $100,000 in annual gross revenue receipts in the 2019, 2020, or 2021 taxable years
  2. Business must have started prior to December 30, 2021
  3. Located and operating in the County of Los Angeles, excluding City of Los Angeles
  4. Priority for businesses that are in food industry
  5. Priority for microbusinesses located in the highest or high COVID-19 impacted geographic areas