HURON — A program detailing the framework for small businesses to obtain grants from South Dakota CARES Act Funding is set for 7 p.m. Wednesday on the second floor of the Huron Campus Center. Hosted by Greater Huron Development, the program will outline the proposed framework for businesses to qualify for Governor Noem’s $400 million in CARES Act Grants.
Businesses with at least $25,000 gross revenue in 2019, and experiencing 25% or larger loss of business from May to August, would be eligible to apply. Applications are proposed to open Oct. 12 and close on Oct. 23. Grants would be awarded up to $100,000 per qualifying business.
The free program will have a presentation on the proposed rules to qualify for a grant and examples that will assist businesses estimate the grant amount they could receive. On hand to take comments and answer questions will be Senator Jim White, Representative Roger Chase, and Representative Lynn Schneider.
This program is designed to help businesses understand the program and be prepared to submit their application during the proposed 12 day enrollment window. The next legislative hearing on the SD CARES Act Funding will be held by the Special Interim Committee on Appropriations on Sept. 30.
The meeting will also be available for attendance by Zoom video or via phone conference. Zoom attendees can also submit questions to the panel via the “chat” feature.
A direct Zoom link is available at www.GreaterHuron.com, or use Zoom credentials:
Meeting ID: 830 4887 2663.
