Small Business Summit taking place in Los Angeles this week

The summit will offer a one-stop-shop for business resources, services, and programs in the region. Panel discussions will be held on various topics related to business.

Small Business Summit taking place in Los Angeles this week

The city and county have partnered with National Small Business Week to host a small-business summit in Los Angeles to help develop local small businesses.

The L.A. The Region Small Business Summit is being held at the Los Angeles Trade Technical-College, 400 W. Washington Boulevard, on Wednesday, May 3. Mayor Karen Bass will deliver the keynote address.

The Los Angeles Mayor’s Office of Business and Economic Development is putting on the event, along with the Los Angeles City Economic and Workforce Development Department and Los Angeles County Department of Economic Opportunity.

The summit will include panel discussions with major public and privately funded providers of free support for small business, as well as on-site services to guide them in their growth.

The event will offer free services such as legal aid, consultations with experts, a clinic for business certification, business assessments, business permits assistance with help directly from city or county departments, credit and debt counseling, and procurement support with experts from the state, county, and city departments.

Three panels will be held at the event. Experts and business owners from different sectors will discuss how to make use of government resources and how to get capital to finance a company in various stages.

The Economic Opportunity Grant Program of L.A. County awards $54 million in grants to small businesses, microbusinesses, and nonprofits. Priority is given to areas and organizations that are heavily impacted by Covid. The event will inform eligible grantees who have applied for funding, whether they were awarded between $2,500 to $25,000.

At the event, business owners will have the chance to bid for contracts with the community. The Mayor's Office of Community Safety is holding events to create a safer environment in the underserved areas of the city. They are looking for local businesses to provide event-related service, such as food, rentals, and music.

Businesses who secure a contract to participate in events with the city will be eligible for contracts worth up to $25,000 The program will include multiple events throughout the summer, highlighting resources for domestic violence prevention, education post-secondary, employment opportunities, and educational opportunities for teenagers and young adults.