Coronavirus grants for Mississippi small businesses

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Mississippi Clarion Ledger

Mississippi’s struggling small companies, a few of them nonetheless closed as a result of coronavirus pandemic, may obtain grants of $1,000 to $25,000 from the state’s $1.25 billion in federal CARES Act funds, lawmakers mentioned Friday.

On Friday, the Mississippi Legislature started the method for the primary appropriation from the $1.25 billion the state obtained from the federal stimulus bundle.

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A Senate proposal requires spending at the very least $100 million largely for small companies together with barber shops, hair salons and nail salons.

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On Friday, In a new executive order, Gov. Tate Reeves mentioned barbershops, hair salons, and gymnasiums closed for greater than a month may start reopening on Monday, however the companies should adhere to strict social distancing tips and sanitation protocols. 

Reeves beforehand allowed dine-in providers to renew at eating places with some restrictions. He additionally allowed parks to reopen. The governor additionally has allowed retail companies to reopen with limitation on  the variety of clients allowed inside to 50% of regular capability.

Mississippi coronavirus instances Friday: 13 new deaths, record high 404 new cases

A recent survey reported practically 90% of Mississippi companies mentioned they’ve been negatively impacted by the COVID-19 pandemic.

Highlights of the Senate proposal for small enterprise embody:

  • Grants from $1,000 to $25,000 to companies with not more than 50  staff.
  • The preliminary precedence could be eligible companies compelled or voluntarily closed resulting from COVID-19 that have not obtained federal assist.
  • The proposal could be generally known as the “2020 COVID-19 Mississippi Enterprise Help Act.”
  • The Senate proposal requires $15 million put aside for minority-owned companies.
  • The Mississippi Improvement Authority would oversee the grant program and resolve particular particulars.

The proposal comes a day after Gov. Tate Reeves, Lt. Gov. Delbert Hosemann and Home Speaker Philip Gunn introduced a truce of their battle over management of the $1.25 billion.

The three high state political leaders agreed the Legislature will applicable the cash and the governor will administer it. Reeves had maintained he had the authority below an emergency to disburse the cash. Gunn and Hosemann mentioned Mississippi’s structure provides authority to the Legislature to applicable state funds.

Reeves mentioned he did not care about who has management over the funds, he needed to ensure the funds received into the fingers of the individuals who want it as rapidly as doable. Hosemann, who oversees the Senate, mentioned the Legislature will transfer as rapidly as doable to applicable the funds.

The method started Friday with discussions and committees assembly in each the Home and Senate on the way to applicable the CARES Act cash. Lawmakers agreed that companies affected by coronavirus pandemic could be the primary precedence.

Gunn mentioned Friday that unemployment and small enterprise assist are the 2 issues he hears about probably the most. He established committees within the Home on Friday to work on plans for spending CARES Act cash.

“Small companies is likely one of the issues to handle instantly,” Gunn mentioned.

Lawmakers recessed for the weekend on Friday. They may return to the state Capitol on Tuesday at 10 a.m. to additional focus on plans for spending the cash. A vote on a small enterprise spending plan is predicted subsequent week, lawmakers mentioned.

Contact Jimmie E. Gates at 601-961-7212 or jgates@gannett.com. Observe @jgatesnews on Twitter.

Learn or Share this story: https://www.clarionledger.com/story/information/politics/2020/05/08/legislature-coronavirus-grants-for-mississippi-small-businesses/3095020001/

— to www.clarionledger.com

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