08 Oct Gov. Lee announces Supplemental Employer Recovery Grant (SERG)
Supplemental Employer Recovery Grant to provide additional relief
Tennessee Governor Bill Lee and the Financial Stimulus Accountability Group (FSAG) today announced an initial $50 million in federal Coronavirus Relief Funds for the new Supplemental Employer Recovery Grant (SERG) program to provide additional relief to small businesses suffering during the COVID-19 pandemic. This new wave of funding includes specific support for minority-owned, women-owned and veteran-owned businesses, as well as businesses owned by disabled persons.
Small business owners and non-profit organizations can apply to receive reimbursement for eligible direct expenses or costs incurred as a result of business interruption due to the COVID-19 pandemic.
The program’s application window will open October 7, 2020 and remain open until December 29, 2020, or until all funds are depleted.