MONTGOMERY, Alabama – Governor Kay Ivey on Wednesday announced the Revive Alabama grant program to support small businesses in Alabama that have been impacted by COVID-19. Revive Alabama will reimburse small businesses up to a combined $100 million for expenses they have incurred due to operational interruptions caused by the pandemic and related business closures.
“In many ways, our small businesses were hit the hardest from the coronavirus pandemic,” Governor Ivey said. “Ensuring these owners have every opportunity to recoup expenses incurred due the disruption of business is essential to getting our economy roaring once again.”
Alabama received approximately $1.9 billion of CARES Act funding to respond to and mitigate the coronavirus pandemic. Alabama Act 2020-199 designated up to $300 million of the Coronavirus Relief Fund for individuals, businesses, non-profit and faith-based organizations directly impacted by the coronavirus pandemic.