L.A. Mayor Eric Garcetti announced on Sept. 1 a new program to provide small business owners with counseling, education and debt repayment assistance to assist their economic recovery from the pandemic.

“Small businesses account for nearly half the jobs in our city and their recovery is essential to our economy,” he said in a statement. “We recognize that small businesses are the foundation of our communities and are committed to helping them get back on their feet.”

Counseling will be provided free of charge to small businesses through a collaboration between the city’s Economic and Workforce Development Department (EWDD) and Money Management International (MMI), a nonprofit which provides consumers with credit counseling and education. The program will provide guidance, resources and assistance to small business owners to help them stabilize cash flow, decrease debt and improve credit.

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