Economic and Community Development, Dept. of - As introduced, creates the small business recovery grant fund, to be administered by the department, to assist eligible small businesses temporarily with costs incurred as a result of extenuating circumstances. - Amends TCA Title 4; Title 9; Title 50 and Title 67.

SB 1009 creates a state-administered "small business recovery grant fund" to cover eligible costs for Tennessee small businesses impacted by unforeseen events like violent acts or disruptive construction. Eligible businesses must have under $1 million in annual revenue, no more than 15 employees, and a single physical location in Tennessee. Grants cover costs such as payroll, rent, utilities, and property repairs for up to six months but exclude pandemic-related expenses or events covered by disaster declarations. The Department of Economic and Community Development will distribute funds through local governments or nonprofits, not directly to businesses.