This past year has been a whirlwind of changes and innovative problem solving for nonprofits everywhere, and the last thing anyone needs is year-end adjustments to properly recording grants received. Hopefully, we can give you some comfort by providing a quick refresher! The process for deciding how to record a…
Starting at 7 a.m. MST this Friday, April 30, business owners can begin registering for the Restaurant Revitalization Fund (RRF) program, part of the $1.9 trillion aid package Congress passed in February. The applications can be submitted starting at noon on Monday, May 3, through the SBA website…
Many for-profit, nonprofit, and governmental organizations are receiving new federal and state grants funds during the pandemic. In some instances, organizations receive the funds in their bank account with limited information on how to use such funds. In addition to limited or vague information on how and when to use…
If you applied for Round One and/or Round Two of the South Dakota Small Business Grant Program, you may be expecting to receive your grant award this week. While some businesses have begun receiving grant funds, many are still waiting. The grant office initially stated that all grants would be…
The Office of Management and Budget (OMB) has updated the Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Audit (Uniform Guidance) originally effective in 2014. The revisions are intended to reduce burden of grant recipients, provide guidance and clarification on requirements, and improve overall federal grant management. Most…
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…
The SD Governor’s Office of Economic Development will be conducting a program overview via a Zoom call tomorrow afternoon (Tuesday, October 13th at 3:00 p.m. MDT) for business owners that would like to participate. The link to this call is below. There is a 1000 person limit. If you are…
The South Dakota State Legislature met yesterday in a special session and increased the state’s budget to include the $1.396 billion of additional federal aid received for COVID-19 support. During this session, Resolution 601 was passed which specifies how certain funds will be spent. This is good news for many…
From SD State News at https://news.sd.gov/Default.aspx PIERRE, S.D. – Governor Kristi Noem laid out a framework for up to $400 million in Coronavirus Relief Funds (CRF) to assist South Dakota’s small businesses negatively impacted by the COVID-19 pandemic. “South Dakota is in a good spot as we…
