Minnesota has approved a stimulus package that will provide relief payments to certain businesses impacted by the COVID-19 pandemic and the subsequent executive orders issued by the governor in response to it.
The stimulus package includes:
- $88 million in direct payments to restaurants, bars, gyms, and certain other businesses that saw at least a 30 percent drop in revenue. The payments will be based on the employer's workforce size, with a maximum payment of $45,000.
- $14 million for grants to movie theaters and convention centers.
- $114.8 million for counties to distribute to businesses, which must use the grants for operations expenses incurred during the COVID-19 pandemic.
Minnesota employers should read the text of the stimulus package to see if they may be eligible for the direct payments and/or grants. Please contact your dedicated service professional with any questions.