Just a follow-up to a post I did recently on the construction of the Crenshaw/LAX Line. In that post, I mentioned how difficult it was for businesses along Crenshaw to keep their heads above water with street closures and reduced parking. Local merchants have been complaining about a steep drop in revenue, and the Metropolitan Transportation Authority has been listening.
In September the MTA established a fund to aid small businesses affected by the construction. And in October, the MTA approved the creation of the Business Solution Center, which will provide assistance with marketing, financial planning and legal counseling, as well as help in securing loans. Here’s a link to the article in the LA Sentinel.
This is a smart move by the MTA. Sure, the Crenshaw/LAX Line will help the neighborhood in the long run, but it’s important to ensure the survival of existing businesses. By approving these two programs, the MTA has shown a commitment to supporting small merchants as they deal with the challenges of the construction phase.