In the summer of 2020, motivated by multiple reports that women and diverse-owned small businesses disproportionately did not access small business resources and the severity of the economic downturn caused by COVID-19, LISC LA and its regional partners explored ways to work together, and with the generous support of the Wells Fargo Open for Business Fund, launched the Together for LA (TFLA) Collaborative in July 2021. The founding members agreed to share information about their research, technical assistance programming, and as needed, originate joint programs to accelerate LA’s economic recovery.
On its one-year anniversary, the Collaborative has released the 2022 TFLA Small Business Recovery Report and Resource Guide, capturing the top technical assistance priorities for LA's small business ecosystem, as well as the network of small business and nonprofit services in LA. The online directory contains 1,017 Los Angeles-based business support organizations that provide technical support to access public, private, and philanthropic assistance from all over the country for women- and diverse-owned small businesses in the region.
LISC LA has been proud to work collaboratively with TFLA partners and help connect small businesses, nonprofits, and microentrepreneurs with over $4 billion in various federal, state, city, and county loans, grants, and other programs. As small business owners continue to feel the impact of the pandemic, LISC LA is committed to continuing several grant and technical assistance initiatives to keep their doors open.