Gov. Kristi Noem addresses the South Dakota Legislature during a special session on Monday, Oct. 5.

Companies in South Dakota now have an additional week to get help from the state authorities program established to assist make up for losses incurred attributable to COVID-19.

Whereas tens of 1000’s of entrepreneurs, small companies and nonprofits took benefit of federal help this spring when President Donald Trump signed the CARES Act into regulation, participation in this system established by Gov. Kristi Noem and the state Legislature has been a slower construct, mentioned Rep. Jean Hunhoff, R-Yankton.

However an replace authorized by lawmakers this month extends the applying deadline by per week, lowers the restrictions on which companies qualify, and widens up the quantity of {dollars} obtainable in a single grant.

“The governor definitely needed to see a rise in participation,” Hunhoff mentioned. “And dealing together with her employees and dealing the Legislature, got here to a conclusion that we wanted to make it no less than extra accessible.”

Gov. Noem’s employees didn’t instantly reply to a request for remark for this story.

South Dakota’s small enterprise grant program additionally makes use of CARES Act funding however is completely different from the Paycheck Safety Program that was administered by banks and the U.S. Small Enterprise Administration.

As an alternative, the state’s enterprise grants come from a bit of the $1.25 billion that was assigned to South Dakota to assist officers lend help to folks affected by the coronavirus pandemic. Lawmakers agreed Oct. 5 on how to divide the funds, together with utilizing parts for companies, tourism and well being care.

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