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25% Of $1.25 Billion Already Allocated by Mississippi Lawmakers

JACKSON, MS (Ben Caxton) — Mississippi lawmakers have voted to create grant programs for small businesses hurt by the coronavirus pandemic, using about 25 percent of the $1.25 billion in relief money that the federal government is sending the state. If Governor Tate Reeves signs the proposal into law, $60 million would create $2000 grants for businesses that were closed by government orders and for child care centers; the other $240 million would be for grants ranging from $1500 to $25,000. For the first 21 days, the only applications considered would be from businesses that did not receive aid from the federal Paycheck Protection Program; recipients would have to follow guidelines from the U.S. Treasury Department to use the money, the business would have to have existed before March 1st and have 50 employees or less.

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