Dear Valued Clients and Friends of Burkhart & Company,

2020 has certainly been a year to remember. As challenges related to COVID-19 continue, it is important to stay informed as new relief measures are released. Even as Congress continues to work on a new round of stimulus, we wanted to let you know about a new program that was recently made available in Tennessee.

Last week, Governor Lee announced the creation of the Supplemental Employer Recovery Grant (SERG) program to assist TN small businesses affected by the COVID-19 pandemic. The state will be issuing grants of up to $30,000 to eligible small businesses that incurred direct expenses or experienced business interruption losses between May 1, 2020 and August 31, 2020 related to the COVID-19 health crisis. The grants will be distributed on a first-come, first-serve basis and are available until December 29, 2020, or until the available funds are exhausted.

To be eligible, businesses must have annual gross receipts of $10 million or less, among other requirements. Direct expenses eligible for the grants include the following costs incurred to meet public health requirements or recommendations:

  • Costs to create social distancing measures
  • Costs to clean or disinfect areas due to COVID-19
  • Personal protective equipment
  • Contactless equipment
  • Expenses to facilitate teleworking
  • Necessary reopening expenses

Costs related to business interruption are also eligible for the grant. In order to prove interruption, businesses must show that their net income for the 4-month period ending on August 31st decreased from 2019 to 2020.

If you think that you qualify or would like more information about this program, please contact us, and we would be glad to assist. More information and the application can be found on the state’s website at https://tncaresact.tn.gov/serg.