More dollars to TN’s Small Business Relief Fund?

Date: December 02, 2020

Today, Tennessee’s Financial Stimulus Accountability Group shared updated figures for pandemic relief provided to date. Of the $2.3 billion in CARES dollars Tennessee received, FSAG has deployed:

  • $939 million to the Unemployment Insurance Trust Fund, with no new funds projected to be needed.
  • $205 million to the Tennessee Business Relief Program (Small Business Relief), which closed on Sept. 30.
  • $125 million to SERG (Secondary Emergency Relief for Small Business); total applications exceeded $163 million.

FSAG leaders today indicated they may vote to allocate more dollars to SERG soon.

To date, more than half of coronavirus relief funds have gone directly to help businesses and their employees survive the pandemic. Unobligated CRF funds stand at $195 million.  NFIB thanks state leadership for helping thousands of small businesses stay afloat during these difficult times.

 

 

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