Governor launches COVID-19 relief program
Gov. Kevin Stitt recently announced $100 million from the federal Coronavirus Relief Fund will be used to create the Oklahoma Business Relief Program to support Oklahoma businesses affected by COVID-19. Applications will be available beginning Friday and the deadline is July 10.
To qualify, the business must have suffered a revenue loss of 25% or more from January to May compared with the same months in 2019. The revenue loss must be substantially caused by the impact of COVID-19.
Grant awards will be an amount equal to two months of average total payroll with a maximum award of $25,000. The business may choose from the average of its 2019 total payroll or the average of its total payroll in January and February. There are no mandates for the grant expenditures, but suggested usage includes payroll, inventory, equipment and working capital.