On Monday, the South Carolina Department of Administration released information regarding grants for small and minority businesses. Specifically, they shared the following information:

WHAT DO YOU NEED TO KNOW BEFORE YOU APPLY?

WHO
Minority or Small Businesses that meet the following criteria:
• Employ 25 or fewer employees;
• Physically located in the State of South Carolina;
• In operation from October 13, 2019 to present; and
• Experienced a business impact due to COVID-19

WHAT
• Up to $40 million in grant funds are available to reimburse qualifying expenditures for providing services or revenue loss due to COVID-19
• Grant awards will range from $2,500 to $25,000
• Qualifying expenditures include:
    o Business staffing costs (Ex. payroll and associated employee benefits, temporary and/or contract labor costs)
    o Business operating costs (Ex. supplies, raw materials, technology, marketing, communications)
    o Facility costs (Ex. rent, lease, or mortgage payments; equipment leases and purchases; utility costs)
    o Personal Protective Equipment (Ex. protective/sanitation supplies and equipment, installation of protective barriers, temperature detection equipment, disinfecting services)
    o Revenue loss (due to being partially or completely closed due to the COVID-19 public health emergency)

WHEN The application window opens on October 19, 2020 and closes on November 1, 2020.

WHERE A link to the application will be made available HERE.

For more detailed information, click HERE.