| The
CRA/LA provides financial assistance to businesses by
offering grant and loan programs in many of its project
areas. These programs are established on each project
area basis depending upon available funding and specific
needs within each respective community. Such programs
include Business Incentive Programs, Commercial Façade
Programs, Streetscape Programs, Commercial Façade
Signage Programs, and Business Attraction and Retention
Programs. Public improvements are primary infrastructure-related
activities such as street and sidewalk improvements, street
lightning, facade improvements, etc. These improvements
enhance the aesthetics of a neighborhood, thereby making
the neighborhood more competive for business retention
and growth.
CRA/LA also obtains grants from a variety of sources,
including the City’s Community Development Block
Grant (CDBG) allocations, federal Economic Development
Administration (EDA) programs, the Los Angeles County
Metropolitan Transportation Authority (MTA) “Call
for Projects”, and bond programs such as Propositions
A, C and K for transportation and parks projects.
The CRA/LA is also a member of the Los Angeles Brownfields
Team, which utilizes a $3.65 million Los Angeles Brownfields
Revitalization Fund for assessment, acquisition, remediation,
and community involvement activities at brownfields sites.
Additional funds and incentives for site development are
available. |