Small Business Investment Grant.

Summary

The Senate bill appropriates $250 million from the General Fund for a one‑time COVID‑19 Small Business Recovery Program administered by the Department of Commerce. Eligible businesses—those with 2019 receipts of $8 million or less and a 25% drop in sales‑tax collections in 2020—can apply for a grant capped at $250,000 or the amount of their tax loss, whichever is lower. Grants are conditional on the business staying open for six months, with a clawback provision for early closures.

AI-generated summary — may be incomplete or inaccurate. Verify against the official bill text.

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