$8.9 Billion In COVID Relief Funds To South Carolina

I will be asking the House Democratic Caucus and the Black Legislative Caucus to once again aggressively work on behalf of minority owned businesses in South Carolina still feeling the effects of the COVID-19 Pandemic. South Carolina will receive a nearly $8.9 billion share from the latest federal COVID-19 relief package pushed by the Biden administration.

That new influx of money is nearly as much as the state’s general fund budget and represents a third of total spending by all state agencies when combining all sources.

The funding allocated to the state, as part of the larger $1.9 trillion American Rescue Plan passed by Congress on March 11, also is just under the $9.5 billion the state would otherwise collect this year in federal tax dollars. So, with all the money coming in, where will the General Assembly and the Governor decide to spend the funds. I will once again be advocating relief for small businesses, particularly minority-owned enterprises.

Small Business Assistance:

Small and Minority-Owned Businesses are still feeling the devastating impact of COVID 19 on their bottom line and future plans. Make sure you get certified as a Minority Business and get your services or product on the procurement list of local government agencies.