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.

HB 1364 creates a state-administered "small business recovery grant fund" to help eligible small businesses cover specific costs after unexpected events. The fund, managed by Tennessee's Department of Economic and Community Development, provides grants covering payroll, rent, insurance, and property repairs for businesses experiencing a substantial revenue decline due to qualifying events like violent acts or disruptive construction. To qualify, businesses must have under $1 million in annual revenue, employ no more than 15 people, maintain a single physical location, and prove disruption from events *not* covered by disaster declarations (excluding the pandemic). Grants are distributed through nonprofits or local governments - not directly to businesses - and are limited to costs incurred over a six-month period.