Expanded Small Business Relief; New Relief Programs for Ag, Tourism, and Workforce Development
New and expanded financial relief programs for small businesses, agribusinesses, displaced workers, and the tourism industry are now available through the federal Coronavirus Relief Fund (CRF). The Tennessee Small Business Relief Program will expand to include additional industries adversely impacted by reductions in commercial activity in April, with $83.5 million added to the program’s initial $200 million allotments.
Expansion of Tennessee Small Business Relief Program - $83,517,500 The Tennessee Small Business Relief Program will expand to include additional businesses provided they have less than $10 million in annual gross sales and fall within an industry impacted by executive order limitations on activities, gatherings, and other non-essential businesses and activities; or a retail industry that experienced a 25% reduction in taxable sales in the month of April due to the public health emergency.
In addition to the original list of eligible businesses, below are the categories of small businesses that will be eligible under this expansion:
Caterers, Mobile Food Services, and Food Service Contractors
Wedding and Event Planners
Convention and Trade Show Organizers
Wedding and Banquet Hall and Similar Property Rental
Linen Supply Services
Travel Agencies and Travel Arrangement Services
Car, Truck, Trailer, and RV Rental
Sightseeing and Tour Operators
Taxi, Limousine, Bus, and Other Transportation Services
Recreational Vehicle and Vacation Camps
Sports and Recreation Instruction
Fine Arts Instruction, Exam Prep, Driving Schools, and Other Similar Instruction
Motion Picture and Video Production and Distribution Services
Music Production, Distribution, and Publishing Services
Sound Recording Studios
The expansion list will also include, among others, the following businesses that are now eligible if their sales were reduced by at least 25%, as shown on their April sales tax returns (filed in May):
Party and Banquet Equipment and Other Supply Rental
Formal Wear and Costume Rental
Consumer Electronics and Appliances Rental
General Rental Centers and Other Consumer Goods Rental
Gasoline Stations and Convenience Stores
Warehouse Clubs and General Merchandise Stores
Home Centers, Hardware Stores, and Paint Stores
Household Appliance and Electronics Stores
Nurseries, Garden Centers, and Outdoor Power Equipment Stores
Pharmacies and Drug Stores
Optical Goods Stores
Cosmetics, Beauty Supply, and Perfume Stores
Supermarkets and Other Grocery Stores
Baked Goods and Other Specialty Food Stores
Beer, Wine, and Liquor Stores
Food Supplement Stores
Vending Machine Operators
New and Used Car Dealers
Recreational Vehicle, Boat, and Other Vehicle Dealers
Automotive Parts and Accessories Stores
Online Stores (selling from a Tennessee location)
Other Direct Selling Establishments
A full list of and instructions for eligible businesses will be available from the Tennessee Department of Revenue.
Agriculture and Forestry Economic Relief - $50 million The Tennessee Department of Agriculture will establish an economic support program for agricultural businesses and forestry businesses to help ensure stability of the food supply chain and agribusiness economy. The department will accept applications for funding between August 17 through August 31 to make grant awards the week of September 14.
Tourism Industry Recovery Support - $25 million The Tennessee Department of Tourist Development will utilize $25,000,000 from the CRF to remarket and support the State’s tourism industry recovery from the public health emergency. Of the total funding, $15,000,000 will be directly designated for destination marketing organizations (DMOs) in all 95 counties.
Workforce Development - $9.5 million Tennessee will allocate $7.5 million to two established workforce development programs: Reemployment Service and Eligibility Assessment (RESEA) Program Expansion and Career and Training Services, and $2 million to the Department of Labor and Workforce Development’s Virtual American Jobs Center. These funds will provide reemployment services to a proposed 17,000 participants to return them to gainful, sustainable employment.
To reach State Representative Kelly Keisling, call 615-741-6853 or email him at email@example.com.