News November 13, 2020

Business Council to Audit COVID-19 Grants

by Jackson Hole Radio News

Wyoming wants to make sure CARES Act funds distributed in the state have not been misused. At a special meeting of the Board of Directors yesterday, the Wyoming Business Council announced the process it will follow to audit entities that received CARES Act funds through the COVID-19 Business Relief Program. This program includes five funds: Interruption, Relief, Mitigation, Agriculture and Endurance funds. While the Business Relief Program was intended to deliver funds rapidly to businesses suffering losses due to COVID-19, securing against fraud and ensuring accurate applications have been priorities of the Business Council since the launch in May. Before approval or payment, each application is reviewed by the Business Council, Wyoming Secretary of State’s Office and the Wyoming State Auditor’s Office to verify applicants meet eligibility criteria. Through this process, 6% of the applications were rejected in the first three funds. The Business Council has set up the tip form to collect information from anyone concerned about Wyoming businesses and nonprofits that received funds as reported on the State Auditor’s website at wyopen.gov.