Tennessee Governor Bill Lee and the Financial Stimulus Accountability Group (FSAG) have announced an initial $50 million in federal Coronavirus Relief Funds for the new Supplemental Employer Recovery Grant (SERG) program to provide additional relief to small businesses suffering during the COVID-19 pandemic. This new wave of funding includes specific support for minority-owned, women-owned and veteran-owned businesses, as well as businesses owned by disabled persons. Small business owners and non-profit organizations can apply to receive reimbursement for eligible direct expenses or costs incurred as a result of business interruption due to the COVID-19 pandemic. The program?s application window will open October 7, 2020 and remain open until December 29, 2020, or until all funds are depleted. Funds will be distributed on a first-come, first-served basis and awards are capped at $30,000.
To apply and learn more about what is eligible for reimbursement, please visit https://tncaresact.tn.gov/SERG. For application assistance, please call 1-833-740-1438 or email support@TNCARESACT.com.