’Revive Plus’: $200 million small business grant program for Alabama

’Revive Plus’: $200 million small business grant program for Alabama
(Source: eric prado)

MONTGOMERY, Ala. (WBRC) - Governor Kay Ivey announced a program to support small businesses, non-profits and faith-based organizations in Alabama that have been impacted by COVID-19.

Revive Plus is a $200 million grant program. Revive Plus is the second wave of funding for these organizations with 50 or fewer employees and will award grants of up to $20,000 for expenses they have incurred due to operational interruptions caused by the pandemic and related business closures.

“As the state has rolled out over $1 billion of the CARES Act monies to the individuals and businesses affected by COVID-19, it became evident the group most overwhelmingly hurt during the pandemic were the small ‘mom and pop’ shops,” Governor Ivey said. “A second round of assistance through Revive Plus will ensure that the small business owners who have borne the brunt of the downed economy can be made as whole as possible. As we head into the holiday season, my hope is that this will be welcome news for our businesses and help ease their burdens from what has been a very hard year.”

Entities may receive up to $20,000 to reimburse qualifying expenses if they have not received federal assistance for the corresponding item they are claiming with the state of Alabama.

The Revive Plus grant is in addition to any state of Alabama Coronavirus Relief Fund grant previously received, including the Revive Alabama Small Business, Non-Profit, Faith-Based, and Health Care Provider grants.

“The Revive Plus program is much needed in our small business economy,” Senate General Fund Chairman Greg Albritton (R-Atmore) said. “I commend Governor Ivey for taking this action, recapturing unspent dollars and using a proven program to bring economic relief to our small business owners.”

Alabama received approximately $1.9 billion of CARES Act funding to respond to and mitigate the coronavirus pandemic. Alabama Act 2020-199 initially designated up to $300 million of the Coronavirus Relief Fund for individuals, businesses, non-profit and faith-based organizations directly impacted by the coronavirus pandemic. After the initial $100 million for small business that was reimbursed starting in July 2020, legislative leadership approved a second round of $200 million from allocations made to reimburse state government and from other grant programs that have ended with the full allocation unspent.

Entities may access grant information and the grant application through the Coronavirus Relief Fund website. The application period for the Revive Plus Grant Program will open at noon, November 23, 2020 and run through noon, December 4, 2020.

Qualifying entities must have been in business March 1, 2020, are currently in business and have a valid W-9 to apply for a Revive Plus Grant.

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