Governor launches ‘Revive Alabama’
Published 10:10 pm Thursday, July 16, 2020
By Lauren Johnson
Gov. Kay Ivey’s small-business grant program “Revive Alabama” launched Thursday afternoon. This program is designed to provide support for the small businesses of Alabama that were impacted by Covid-19.
“In case a small business owner did not receive funds from PPP or the EIDL, this is an option for them to receive another source of funding,” said Dana Sanders, the president of the Pike County Chamber of Commerce.
This grant will be first-come-first-serve, but as long as funds are available, the qualifying businesses can receive up to $15,000 to reimburse expenses that have incurred due to operational interruptions and closures.
“If a small business has not received federal assistance and has less than 19 full-time employees, the business qualifies,” Sanders explained. More information about eligibility can be found on the Alabama Department of Revenue’s website.
“Alabama small businesses are a vital component of our communities and our state’s economy,” stated the Alabama Department of Revenue. “Unfortunately, the ongoing Covid-19 outbreak has challenged our small businesses by forcing widespread closures, causing job losses, and threatening livelihoods.”
According to the Alabama Department of Revenue, the U.S. Department of Treasury guidance allows the state to use Coronavirus, Aid, Relief, and Economic Security (CARES) Act dollars for this reimbursement to the small businesses of Alabama.
“This is another course of revenue to help businesses that were affected by the pandemic. We strongly encourage any business that is applicable to apply,” Sanders said. Small business owners will have the chance to apply until midnight on July 25