Tennessee Governor Bill Lee, Lt. Gov. Randy McNally, House Speaker Cameron Sexton, and the Financial Stimulus Accountability Group announced a new relief program for Tennessee businesses affected by the COVID-19 pandemic. The Tennessee Business Relief Program will direct approximately $200 million in federal Coronavirus Relief Funds through the Department of Revenue directly to small businesses that qualify.

Roughly 28,000 Tennessee businesses are expected to qualify, with more than 73% of those businesses earning annual gross sales of $500,000 or less.

Adjusted on 14 August 2020: Expansion of Tennessee Small Business Relief Program 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.

https://www.wkrn.com/community/health/coronavirus/gov-lee-announces-new…