Small Business Relief Grants
Michigan Grants Are Now Available
The Michigan Small Business Relief Grant process is now open and will provide up to $10 million in grant funding to one or more local economic development organizations or nonprofit economic development organizations to provide grants up to $10,000 to support certain small businesses statewide that have realized a significant financial hardship as a result of the COVID-19 outbreak. Amount per lead local economic development partner will be determined based on potential impact per region.
The company is in an industry outlined in Executive Order (“EO”) 2020-9, or any subsequent Executive Order of similar intent;
Demonstrates it is otherwise affected by the COVID-19 outbreak, that meets one or more of the following: provides support to impacted employees, is located in a downtown district or high impact corridor, or is a company that provides services to companies outlined in the EO and requires additional employees to support to companies or employees impacted by EO;
The company has 50 employees or less;
The company needs working capital to support payroll expenses, rent, mortgage payments, utility expenses, or other similar expenses that occur in the ordinary course of business;
The company is able to demonstrate an income loss as a result of the EO or COVID-19.
Grants may be used for working capital to support payroll expenses, rent, mortgage payments, utility expenses, or other similar expenses that occur in the ordinary course of business.
Support for West Michigan Businesses with COVID-19 Grant
This grant fund will bring relief to some businesses in Southwest Michigan that are wondering how to pay their bills during the stay-at-home order because of the coronavirus disease 2019, or COVID-19, pandemic. The Michigan Strategic Fund allocated $10 million in grant money to help out across the state. Southwest Michigan First is managing $800,000 of that grant money and hopes to distribute it in early April. Southwest Michigan First CEO Ron Kitchens said that the organization will grant up to $10,000 each to small employers impacted by the Michigan stay-at-home order in Kalamazoo, St. Joseph, Berrien, Calhoun, Van Buren, Cass, and Branch counties. He mentioned bars, restaurants, hotels, salons and barber shops as impacted businesses. "Really it's just intended to help those companies stay alive," Kitchens said. According to Kitchens, it's important companies apply for the grant money quickly, so they can distribute it. "$800,000 is a lot of money, but it won't go that far as hard hit as our companies are," Kitchens said. This content was provided by WWMT, SW MI 1st & Milwood Neighborhood Watch Assn. Article Source