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Economic relief announced for ag, forestry companies | Agriculture

Tennessee Section of Agriculture (TDA) joined Governor Invoice Lee and the Financial Stimulus Accountability Team Saturday, Aug. 15 in asserting new monetary aid systems for firms adversely impacted by the COVID-19 pandemic.

“We’ve witnessed how the economic impacts of COVID-19 have affected all forms of firms,” Gov. Lee said. “The Economic Stimulus Accountability Group has been operating considering that April to guarantee appropriate fiscal management of stimulus money, and these relief systems can be video game changers for quite a few agricultural and forestry corporations.”

TDA has set up the Coronavirus Agricultural and Forestry Company (CAFB) Fund to enable guarantee stability of the food items offer chain and agribusiness economic system during the COVID-19 pandemic. Purposes began becoming acknowledged Monday, Aug. 17 and will go on to be accepted by Monday, Aug. 31.

“Agriculture was not immune to the economic affect of COVID-19,” Commissioner Charlie Hatcher, D.V.M. mentioned. “It is Tennessee’s amount 1 market and we’re grateful that our leaders figure out its value to the state’s economic recovery.

“This relief will be helping farm and forestry households maintain their small businesses, utilize many others, and continue to feed, dress, and shelter all citizens of Tennessee.”

The fund will deliver economical assistance to agricultural, meals, forestry, and nonprofit agricultural entities in Tennessee. Qualified classes involve business disruption, charge connected with pandemic reaction, source chain improvement, and increased meat processing ability. Precedence will be presented to candidates who have not acquired COVID-19 aid funding from other available aid programs.

Grant applicants have to display enterprise disruption effect from March 1, 2020 to December 30, 2020. Businesses that get money help from the CAFB Fund are not essential to repay the funds. Funding is disbursed on a reimbursement foundation. Applicants can count on to be notified of their application status by September 15.

CAFB Fund information can be observed at tncaresact.tn.gov/tda. For more data get in touch with TDA’s Small business Advancement Division at 615-837-5160.

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