Revive Plus Grant Relief Program For Small Businesses

On November 18, Governor Kay Ivey announced a $200 million COVID-19 relief grant program, called Revive Plus. The program allows Alabama-based businesses with fifty or fewer employees, Alabama-based non-profits, and Alabama-based faith-based organizations to apply for grants up to $20,000 to reimburse business interruption expenses. This grant program is in addition to any previous state of Alabama Coronavirus Relief Fund grants.

The Alabama Department of Finance is administering the application process and will distribute available funds within the CARES Act parameters and other federal and state laws. Entities that are eligible for grant consideration must apply through the COVID-19 Relief Grant Program website. The Revive Plus program is time-sensitive, and grants will be rewarded on a first-come, first-serve basis.

Here are some of the basic requirements:

  • The funds must be used for COVID-related expenses incurred between March 1, 2020 and December 30, 2020.
  • Funds cannot be used for expenses covered under a federal program such as the Paycheck Protection Program (PPP), Pandemic Unemployment Assistance (PUA), or reimbursed by insurance.
  • Funds cannot be used for workforce bonuses (exception: hazard pay; overtime), severance pay, or legal settlements.
  • Grants are made on a first-come, first-serve basis.

Deadline for application: Noon, December 4, 2020. For more information, consult your financial advisor or tax professional. You can also CLICK HERE.


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$20,000 Relief for Small Businesses

  1. $200 million for COVID-related expenses
  2. First come, first serve
  3. Deadline: December 4
  4. Exceptions: No PPP, PUA, Insurance
  5. More Info Google: Alabama Revive Plus


professional photo of certified financial planner Stewart Welch wearing black suit and red tie

Stewart H. Welch, III, CFP, AEP, is the founder of THE WELCH GROUP, LLC, which specializes in providing fee-only investment management and financial advice to families throughout the United States. He is the author or co-author of six books, including  J.K. Lasser’s New Rules for Estate, Retirement and Tax Planning- 6th Edition (John Wiley & Sons, Inc.); THINK Like a Self-Made Millionaireand 100 Tips for Creating a Champagne Retirement on a Shoestring Budget.



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