Small Business Investment Grant.

Summary

The bill appropriates $250 million for a one‑time grant program run by the Department of Commerce to aid small businesses that experienced a 25% drop in sales tax collections because of COVID‑19. Eligible firms must have 2019 receipts of $8 million or less and can receive a grant no larger than $250,000 or the amount of their tax loss, whichever is smaller. Grants are conditioned on the business remaining operational for six months, with a clawback if it closes early.

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

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