PIERRE, S.D. — Gov. Kristi Noem provided the framework for how $400 million in Coronavirus Relief Funds will be used to assist South Dakota’s small businesses.
“South Dakota is in a good spot as we rebound from COVID-19, but some of our small businesses were still hurt by this pandemic,” Noem said in a news release. “These folks are the lifeblood of our communities and economy. When I asked folks to adjust their way of life to help us flatten the curve, South Dakotans exercised their personal responsibility and responded. That adjustment significantly impacted the day-to-day operations, customer traffic, and supply chains of a number of small business owners across our state.
"It’s my hope that this proposal will help folks stay open and overcome the unprecedented times we’ve faced these last several months. I’m looking forward to discussing it with the legislature.”
Under Noem’s proposal, businesses would qualify for this grant if they are located within the state, had at least $50,000 in gross revenue in 2019 and have had a reduction in businesses of at least 25% between March and May of this year as a result of COVID-19.
The calculation for “reduction in business” can be found here.
The proposed application period for the program would open Oct. 12 and close Oct. 23, according to the release. Grants would be rewarded once all applications are received. Following the initial reward period, a second allocation of funds would be considered if additional funds are still available, the release states.
Under current federal law, all funds must be distributed by Dec. 30, 2020. Grants would be awarded up to $100,000 per qualifying business, according to the release.
The state reported 168 more positive COVID-19 cases on Wednesday, Sept. 9, bringing the state’s total count to 15,571.
Current hospitalizations are at 76, an increase of eight from Tuesday. Active cases total 2,434 as of Wednesday.
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