Yesterday, Governor Kristi Noem announced updates to expand the Small Business and Healthcare Provider Relief Program, which utilizes Coronavirus Relief Fund (CRF) dollars to assist small businesses, community-based healthcare providers, and non-profits negatively impacted by the COVID-19 pandemic.
“We are offering even greater flexibility for our small businesses and healthcare providers, the lifeblood of our community,” said Governor Noem. “South Dakota is in good shape, and these grant dollars will help our communities to bounce back stronger than ever.”
For all grants, the application period has been extended by a week, to October 30, 2020. Additionally, the minimum grant threshold has been decreased from $750 to $500.
For the Small Business COVID Interruption program, the Small Business Startup program, and the Small Nonprofit COVID Interruption program, the maximum grant has been increased from $100,000 to $500,000. Additionally, the eligibility requirement has been expanded from a reduction in business of more than 25% to a reduction in business of more than 15%.