Governor Kristi Noem and the Governor’s Office of Economic Development (GOED) announced the first 94 loan recipients of Governor Noem’s Small Business Relief Fund. This fund provides small businesses in South Dakota access to capital to help during this COVID-19 pandemic.

“This crisis is historic in the worst way. So many small businesses are hurting, but my team at GOED is working to help,” said nOEM. “My Small Business Relief Fund has already approved just shy of 100 loans, equaling more than $5 million, to help South Dakota communities from Keystone to Sioux Falls stay on their feet during this unprecedented pandemic.”

Industries that have been approved for loans include hotels, restaurants, retail, tourism, manufacturing, and others.