Management & Operations

L.A. Metro pays small businesses impacted by rail projects

Posted on April 7, 2015

JulieandSteve
JulieandSteve

Los Angeles Mayor and L.A. Metro Board Chair Eric Garcetti, along with Metro Board members Los Angeles County Supervisor Mark Ridley-Thomas and Jacquelyn Dupont-Walker, delivered checks totaling $66,310 to four small business owners impacted by construction of the expanding Metro Rail system.

“We’re making much needed investments to our public transportation system in Los Angeles, but construction cannot come at the expense of our businesses,” said Mayor Garcetti. “The Business Interruption Fund will help ensure that businesses impacted by construction are able to thrive despite any temporary inconveniences to customers and employees.”

The Metro Board authorized the agency to designate up to $10 million annually to be used for implementation of the new Business Interruption Fund (BIF) pilot program, with individual businesses able to receive up to $50,000 annually.

“The Business Interruption Fund is the first of its kind in Los Angeles County,” said Ridley-Thomas. “It is essential that business owners don’t bear the burden of the construction process alone. Small businesses are the backbone of our communities and so we must do what we can to ensure that they continue to thrive.”

Created last year by the Metro Board to help small businesses directly impacted by rail construction, the BIF is being implemented at three Metro Rail system projects now under construction: Crenshaw/LAX Transit Project, the Little Tokyo area of the Regional Connector and segment one of the Purple Line extension. The program is being administered in partnership with Pacific Coast Regional Small Business Development Corp.

View comments or post a comment on this story. (0 Comments)

More News

Ford Motor Co. alum joins Keolis team

Rahul Kumar was appointed as the new executive VP of Market Development and Innovation.

Ferrell announces resignation as SORTA CEO/GM

Ferrell, whose contract was supposed to go through 2019, said it is something he has been pondering for a while, according to a report.

LA Metro's Wiggins named CEO of Metrolink

Wiggins replaces Art Leahy who announced his retirement on Oct. 12 after 48 years in transportation.

First Transit's Dunning retires after 38-year career

He began his career with First Transit in 1980 as a GM in Laredo, Texas.

Alstom, Siemens submit remedy package to European Commission

The package represents their proposal to address the Commission’s concerns while preserving the industrial and economic value of the deal.

See More News

Post a Comment

Post Comment

Comments (0)

More From The World's Largest Fleet Publisher

Automotive Fleet

The Car and truck fleet and leasing management magazine

Business Fleet

managing 10-50 company vehicles

Fleet Financials

Executive vehicle management

Government Fleet

managing public sector vehicles & equipment

TruckingInfo.com

THE COMMERCIAL TRUCK INDUSTRY’S MOST IN-DEPTH INFORMATION SOURCE

Work Truck Magazine

The number 1 resource for vocational truck fleets

Schoolbus Fleet

Serving school transportation professionals in the U.S. and Canada

LCT Magazine

Global Resource For Limousine and Bus Transportation