re: Has anyone applied/been funded for the Main Street recovery program?

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When calculating an applicant’s MSRP grant amount, either under the QuickRelief Option or Cost Reimbursement Option, the Program will conduct a duplication of benefits analysis. The Program will consider the following amounts received, as of the date of application, as duplication of benefits:

Amounts received from United States Small Business Administration – Guaranty Paycheck Protection Program (PPP);Amounts received due to a United States Small Business Administration Economic Injury Disaster Loan;Amounts received due to a United States Small Business Administration Economic Injury Disaster Loan Advance;Amounts received from any other federal program providing relief for the impact of COVID-19; and,Amounts received as a result of a business interruption insurance claim for COVID-19 related expenses.

Other “federal programs” that may generate a reduction in a MSRP grant could include the following:

Other specifically allocated CARES Act funds, such as the CARES Act allocation to the Louisiana Department of Education to provide grans to childcare providers; and,Any other federal funds received should also reduce the MSRP grant.

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