HB21-1302
Continue COVID-19 Small Business Grant Program
Concerning a grant program for small businesses affected by economic hardship caused by the COVID-19 pandemic, and, in connection therewith, making an appropriation.
Session:
2021 Regular Session
Subject:
Bill Summary
Business & Economic Development
Senate Bill 20-222, enacted in 2020, created a grant program financed through the federal "Coronavirus Aid, Relief, and Economic Security Act" to support small businesses suffering from the economic impacts of COVID-19 and related public health restrictions.
The act appropriates $15 million from the general fund to continue the grant program until the end of the 2021-22 state fiscal year, modifies the criteria pursuant to which grants are awarded, adds certain preferences for awarding grants, and establishes limits on the amount of a grant to an individual small business.
(Note: This summary applies to this bill as enacted.)