Noem proposes $400 million in CARES Act funds for businesses

South Dakota News
Kristi Noem

FILE – In this Jan. 2019 file photo, South Dakota Gov. Kristi Noem speaks in Pierre, S.D. Noem said in a statement Thursday, Oct. 24, 2019, that as part of the state’s settlement with the American Civil Liberties Union, the state will not enforce parts of the laws that made it a crime to direct or encourage others to “riot.” The ACLU sued over the laws, saying they infringed on free speech rights. (AP Photo/James Nord, File)

SIOUX FALLS, S.D. (AP) — South Dakota Gov. Kristi Noem has laid out a proposal that would make $400 million in federal coronavirus relief funds available to businesses in the state.

The state received $1.25 billion in federal funding as part of the CARES Act to address the coronavirus crisis.

Legislators are conducting public hearings this month for people to weigh in how the funds should be used.

Under Noem’s plan, South Dakota businesses can qualify for grants of up to $100,000 if they can demonstrate a 25% budget reduction between March and May as a result of COVID-19.

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