Establishes a small business recovery grant fund to assist eligible small businesses with costs due to extenuating circumstances.

The bill creates a small business recovery grant fund within the state treasury, administered by the Department of Economic and Community Development. The fund will provide grants to eligible small businesses to cover costs incurred due to extenuating circumstances, such as unforeseeable violent acts or construction disruptions. Eligible businesses must be independently owned, operate with a single physical location, and have gross receipts of up to $1 million over a three-year period. Grants can cover costs like payroll, rent, insurance, and utility expenses for up to six consecutive months.

Establishes a small business recovery grant fund to assist eligible small businesses with costs due to extenuating circumstances.

The bill creates a small business recovery grant fund within the state treasury, administered by the Department of Economic and Community Development. The fund will provide grants to eligible small businesses to cover costs incurred due to extenuating circumstances, such as unforeseeable violent acts or construction disruptions. Eligible businesses must be independently owned, operate with a single physical location, and have gross receipts of up to $1 million over a three-year period. Grants can cover costs like payroll, rent, insurance, and utility expenses for up to six consecutive months.