July 17, 2020Share:
Effective immediately, small businesses in Alabama can apply for Governor Kay Ivey’s Revive Alabama Small Business Grant Program. The program helps provide support for small businesses impacted by COVID-19. U.S. Department of the Treasury guidance allows the state to use Coronavirus, Aid, Relief, and Economic Security (CARES) Act dollars for expenditures “related to the provision of grants to small businesses to reimburse the costs of business interruption caused by required closures.”
Through the Revive Alabama Program, $100 million of the state’s CARES Act funding is being dedicated to providing cash grants of up to $15,000 to reimburse Alabama small businesses for these business interruption expenses. The application process for these grants is being administered by the Alabama Department of Revenue (ALDOR).
Qualifying businesses may receive the grant only if they have not received federal assistance for the corresponding item they are claiming with the state. There is no set cap on the number of businesses that may be awarded a Revive Alabama Small Business Grant. Grants will be awarded to qualifying applicants on a first-come, first-serve basis until the funds are exhausted.
The application period for the Revive Alabama Small Business Grant Program opened on July 16, 2020, and continues through midnight on July 25, 2020.
To learn more about whether your business is eligible and the application process, please click here.
For Frequently Asked Questions, click here.