Gov. McMaster announces grant funding to support small businesses impacted by COVID-19

South Carolina News

COLUMBIA, S.C. (WCBD) – Two new South Carolina CARES Act grant programs, the Minority and Small Business Relief Grant Program and the Nonprofit Relief Grant Program, will begin accepting applications next week.

Governor Henry McMaster said the programs will provide financial reimbursement to the state’s small businesses and nonprofits for coronavirus-related financial or operational impacts.

In an announcement on Friday, Gov. McMaster said “small businesses are the lifeblood of South Carolina’s economy, and many small businesses have been financially devastated by the COVID-19 pandemic.”

He went on to say, “These grants will help keep the doors open at many of our small businesses and will invigorate and accelerate our economic recovery. I encourage every single eligible small business and nonprofit to use resources available through accelerateSC to be prepared to apply for the program with it opens Monday.”

The Minority and Small Business Relief Grant Program will reimburse qualified recipients from $2,500 to $25,000. To qualify, minority and small businesses must employ 25 or fewer employees and be physically located in South Carolina. A full list of grant eligibility requirements can be found here.

The Nonprofit Relief Grant Program will reimburse qualified recipients from $2,500 to $50,000. To qualify, nonprofits must be designated as a 501(c)(3) nonprofit organization by the Internal Revenue Service, be registered as a public charity with the South Carolina Secretary of State, and be physically located in South Carolina. A full list of grant eligibility requirements can be found on accelerateSC’s website here.

The online application process for both grants will open Monday, October 19 and run through Sunday, November 1.

At that time, the application can be accessed by visiting the accelerateSC website. For help with the application process contact the SC Cares Call Center at 803-670-5170 or by email at SCCares@admin.sc.gov.

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