Changes Announced and Deadline Extended for South Dakota Small Business and Non-Profit Grants
This morning, Governor Noem announced changes to the Small Business Grants which utilize Coronavirus Relief Fund dollars to assist small businesses and start-up businesses, and small non-profit businesses. The updates will help even more businesses and include:
- Increasing the maximum grant from $100,000 to $500,000
- Decreasing the minimum threshold from $750 to $500
- Broadening the eligibility requirement from reduction in business of more than 25% to a reduction in business of more than 15%
Additionally, the application deadline will be extended by one week, so the new deadline for applications will be October 30.
For eligibility, bill details and application information click the link to our original Grant blog at https://www.ktllp.cpa/additional-grants-available-for-south-dakota-small-businesses-affected-by-covid-19/