The Jobs and Economic Development Incentive (JEDI) Zones Microloan Program, in partnership with Los Angeles Development Fund (LADF) and Pacific Asian Consortium in Employment (PACE), is designed to provide financing to viable Microenterprises and small businesses that private lenders typically cannot accommodate. Loan funds can be used for reasonable and eligible business operation costs, including, but not limited to, inventory, equipment, working capital and leaseholder improvements.
The JEDI Zones program offers economic development incentives for underserved areas that experience persistent unemployment and underemployment, low to moderate household income and neighborhood instability. The core goal of JEDI Zones is to gradually create economic equity by promoting and expanding local businesses, increasing employment opportunities and fostering more financially secure communities.
The JEDI Zones program offers economic development incentives for underserved areas that experience persistent unemployment and underemployment, low to moderate household income and neighborhood instability. The core goal of JEDI Zones is to gradually create economic equity by promoting and expanding local businesses, increasing employment opportunities and fostering more financially secure communities.
Apply
If you are interested in applying to the JEDI Zone Microloan Program, please email jedizones@lacity.org to better assist you. A JEDI Zone Program Manager can provide more information and guide businesses in the preparation of applications.
Funds for this program will remain open until funding is exhausted. Apply soon to be considered.
Funds for this program will remain open until funding is exhausted. Apply soon to be considered.
Contact
For questions and inquiries, please email jedizones@lacity.org.