Alabama Governor Kay Ivey announced Monday that Revive Plus, the state government’s grant program that provided aid to small businesses and other institutions, has used up all available funding.
Revive Plus was created with $200 million of the federal funds sent to Alabama in the CARES Act. It allowed small businesses, non-profits and faith-based organizations to seek reimbursement for financial damages caused by the coronavirus pandemic. The max award an entity could receive was $20,000.
Information provided by the governor’s office showed that Revive Plus approved 11,215 grant applications for a total of $206,996,126 given out since the program began taking submissions in late November of 2020.
“At this point, the Revive Plus Program allocation has been exhausted and funding is no longer available to continue the review of applications,” Ivey said in a statement.
Revive Plus was itself an expansion and revision of the Revive Alabama program, a similar initiative from earlier in 2020 that was funded with $100 million in CARES Act monies.
Revive Alabama, which concluded in August 2020, gave out $96,584,526 in the form of 7,925 approved grants.
The U.S. Congress is currently in negotiations over a proposed $1.9 trillion coronavirus relief package that currently includes $350 billion to be given to state and local governments.
Though the ultimate amount sent to states is likely to change, funds of that type could potentially be used for a third Revive-esque program.
Ivey said Monday that even though Revive Plus has closed “all applications will be kept on file to be reviewed in the order which it was received should the U.S. Congress provide additional federal funds in the future.”
Henry Thornton is a staff writer for Yellowhammer News. You can contact him by email: [email protected] or on Twitter @HenryThornton95.
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