Much Needed Relief Bill to Business

Much Needed Relief Bill to Business

The Minnesota legislature has approved a relief package that will send roughly $217M to small businesses impacted by Governor Walz restrictions on bars, restaurants, fitness centers, and entertainment facilities.  The relief dollars will be distributed like this:

  • $88 million that the state Department of Revenue will distribute to bars, restaurants, health clubs, bowling alleys and other shuttered business that had a 30 percent or higher reduction in revenues compared with last year. The grants would range from $10,000 to $45,000 per business based on the size of their operations.
  • $14 million to movie theaters and convention centers to be distributed by the Department of Employment and Economic Development. Movie theaters would be eligible for up to $15,000 per screen, and event centers would get grants based on their capacity.
  • The state would allocate nearly $115 million to counties to distribute to local businesses and nonprofits as county leaders see fit. Some of those businesses may not have met the threshold of a 30 percent drop in revenues.
  • A set of fees that affect bars, restaurants, distilleries and breweries would be waived or refunded, including 1 a.m. liquor license and a wastewater fee levied by the Metropolitan Council.
According to the bill text, the initial grants will be distributed to businesses through the Department of Revenue in the next couple weeks.  Businesses will qualify for different amounts of grant funds.  The commissioner of revenue shall make payments to eligible businesses according to the following:
  • $10,000 to business does not participate in the unemployment insurance program;
  • $15,000 to business that employs 20 workers or less (Part-time employees included in all counts)
  • $25,00 to business that employs more than 20 workers but less than 101 
  • $35,000 to business that employs more than 100 workers but less than 301 workers 
  • $45,000 to business that employs more than 300 workers 
 

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