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Metro’s Pilot Business Interruption
Fund and Crenshaw/LAX Pilot
Business Solution Center Report
spring 2019
Metro has been busy constructing the future
of mobility for LA County. We have continued
to ensure that LA County’s small businesses
continue to thrive as we build the future of
transportation for Los Angeles.
Although many of our “mom and pop” businesses
located along transit corridors have been challenged by
construction, Metro recognizes the opportunities that
are created for small businesses when transit rail projects
are completed and communities are connected.
670
resources for the pilot Business Interruption Fund and more than
october 2014 april 2015 december 2016 march 2017 june 2018 february 2019
etro’s Board of
M BIF formally launched. etro’s Board of
M IF provided more than
B IF provided more than
B etro’s Board of
M
Directors provided Directors authorized $8 million in financial $15 million in financial Directors authorized
authorization for Metro december 2015 the expansion of the assistance to directly assistance to directly the expansion of the
to establish the pilot etro’s Board of
M BIF to include “mom impacted businesses impacted businesses along BIF to include “mom
Business Interruption Directors authorized and pop” businesses along these Metro transit these Metro corridors: and pop” businesses
Fund (BIF). the expansion of the directly impacted by project corridors: • Crenshaw/LAX directly impacted by
BIF to include “mom transit rail construction • Crenshaw/LAX •P urple Line Extension transit rail construction
and pop” businesses along Metro’s Purple Line • Purple Line Extension Section 1 and Section 2 along Metro’s Purple Line
directly impacted by Extension Section 2. Section 1 •R egional Connector, Extension Section 3.
unprecedented full • Regional Connector, Little Tokyo area
street closures with a march 2019
Little Tokyo area
duration greater than IF has provided more
B
• Regional Connector,
six continuous months, than $20.1 million in
2nd/Broadway segment
such as the 2nd/Broadway financial assistance
segment of the Regional to directly impacted
Connector. businesses along these
Metro transit project
BSC BIF
corridors:
• Crenshaw/LAX
• Purple Line Extension
Section 1 and Section 2
• Regional Connector,
Little Tokyo area
july 2014 february 2015 december 2016 march 2017 january 2018 february 2019
Metro’s Board of
BSC formally launched. Metro expanded the BSC provided assistance BSC provided small BSC has contacted more
Directors authorized BSC program to provide to more than 300 business owners along than 400 businesses
the establishment of an increased level businesses along the Crenshaw/LAX along the Crenshaw/
Metro’s Crenshaw/LAX of services to small the Crenshaw/LAX transit corridor with LAX transit corridor; and
Pilot Business Solution businesses along the transit corridor. more than 1,000 referrals over 300 businesses
Center (BSC). Crenshaw/LAX corridor. to expert professionals. have completed intake/
assessment.
million
340
in grants to more than
21+ years
Crenshaw/LAX Purple Line Extension Purple Line Extension Regional Connector, Regional Connector,
Transit Project Section 1 Section 2 Little Tokyo Area 2nd/Broadway Segment
87%
Clients satisfaction rating
341 BIF Grantees goal: 100%
93%
189 Businesses remaining
open after six months
of grant award
goal: 100%
85% 83%
72
24 33 23 Businesses remaining Businesses remaining
open after 12 months open after 24 months
of grant award of grant award
Crenshaw/LAX Purple Line Extension Purple Line Extension Regional Connector, Regional Connector, goal: 100% goal: 100%
Transit Project Section 1 Section 2 Little Tokyo Area 2nd/Broadway Segment
“Metro’s BSC has been instrumental
in assisting us. The staff has and
53%
continues to provide much needed
help with grant funding, website
design and a host of other support
services. I am also grateful for the
assistance received from the BIF.
of bif grantees are community-anchored businesses
10
Thank you, Metro, for supporting
my business!” and have been operating for more than
years.
– Business owner Cary Jordan of
Jordan’s Hot Dogs has received
support from the BIF and BSC
during construction of Metro’s
Crenshaw/LAX Transit Project.
Spanning four years, Metro’s first-ever
Business Solution Center (BSC) continues to
provide hands-on business support services
and referrals to small businesses along the
Crenshaw/LAX Transit Project corridor.
The BSC was created to provide has provided hands-on assistance
business development, support to more than 300 small businesses.
services and referrals to a network Metro continues to deliver business
of providers to the small businesses development services to small
within the Crenshaw and Inglewood businesses within these communities,
communities impacted by and referrals to experts in areas
construction of the Crenshaw/LAX such as: accounting management,
transit line. The BSC has continued access to financial capital, brand
to serve the South Los Angeles development, marketing, social media
business community impacted by and specialized business service
transit rail construction through a areas resulting in more than 1,000
dedicated resource center located individual referrals. Referral experts
within the community along the are often partners and small business
Crenshaw/LAX corridor. owners located within the Crenshaw
and Inglewood communities allowing
The mission of the BSC is to enhance for community collaboration,
the capability of impacted businesses economic uplift and reinvestment.
to persevere through disruptions
caused by construction and ultimately Focusing on long-term business
take advantage of opportunities planning and leveraging technology,
arising from the completion of the Metro’s BSC has provided lasting
Crenshaw/LAX Transit Project. solutions through the development
of more than 20 first-ever business
Metro’s BSC is delivered by a team websites for small business owners.
of small business and economic Websites are designed at no cost in
development professionals. Metro consultation with each individual
in partnership with Del Richardson business owner. Metro’s BSC designs,
& Associates Inc. (DRA), through an tests and provides maintenance for
established collaborative with Vermont each site and assists with website
Slauson Economic Development content, photography of merchandise
Corporation (VSEDC) and the and business location, search engine
Los Angeles Urban League (LAUL), optimization, e-commerce and more.
Business Solution Center Facts at a Glance Areas of Service
quarterly as of cy2018 q4 quarterly as of cy2018 q4
4% 6% 5% 4% 3%
Businesses Contacted by Location – 460 4%
227
20% 14%
152 22% 27%
25%
32 22 27 20%
24% 22%
North of 48th to South of Inglewood Other Area
48th St 60th St 60th St Area
(Target Area)
Alignment 48th to 60th – At Grade
Method of Contact
340
Accounting Management Marketing
Access to Capital Social Media & Website
Business Development Zoning & Land Use
52 60
8 Business Interruption Fund
9%
16%
17%
Business Services
Education
Non-Profit
Religious
post BSC intake
goal: 100%
75% 94%
1% Food Services Retail Businesses sustained Client satisfaction
12%
14% 2% in operations 12 months rating (based on
Financial Services Other
13% post BSC intake 18 businesses)
3% goal: 100% goal: 90%
2%
300
the bsc has referred over
1,200
Interruption Fund has been able
more than
to help since construction began.
The assistance we received from
Metro for our business has really
made a difference.”
jobs have been sustained through financial
– Business owner Noboru Kakuma of
NT Auto Repair has received support assistance provided by the bif.
from the BIF during the construction
of Metro’s Regional Connector Transit
Project, Little Tokyo area.
Metro’s Business Interruption Fund
metro.net/bif