Update on SD COVID Small Business and Non-Profit Grants
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 awarded by December 30, 2020. However, due to the addition of the second round of small business and non-profit grants, the review process is taking longer than originally anticipated. The state will still be reviewing applications and performing financial verifications to determine final award amounts into January 2021, and payments will continue to be distributed in the new year.