State stops accepting Main Street aid applications

State Treasurer John M. Schroder announced the Main Street Recovery Program stopped accepting new applications at noon Tuesday after obligating all available funding.
As of Monday, small business awards stood at $80 million. Based on the number of existing applications not yet paid, the program is at capacity. Main Street will continue to process applications and award grants daily until all available funding is used.
Business owners who submitted an application but have not received a grant award or denial can continue to use the portal to check on the status of their application.
"I just wish we had more funding because it's hard to turn businesses away," said Schroder. "We'll continue to process existing applications and make grant awards."