Over $55 million will be given to small businesses through the Michigan Small Business Survival Grant Program. Small businesses impacted by the COVID-19 pandemic can apply for the grant from 9 a.m. on Jan. 19 through noon on Jan. 22.
This is one of 23 COVID-19 relief programs that the Michigan Economic Development Corporation has initiated.
“This program provides a significant opportunity to address the immediate needs of these businesses, and I strongly encourage all eligible businesses to apply for assistance,” Gov. Gretchen Whitmer said in a press release Monday morning.
Businesses that were completely closed during the pandemic are eligible for up to $20,000 in grants. Businesses that were partially closed are eligible for up to $15,000.
15 nonprofit economic development organizations (EDO) across Michigan will administer the grants to small businesses that meet the following criteria:
Had 1 to 100 employees (including full-time, part-time employees and owners) on a world-wide basis on Nov. 17, 2020.
Is in an industry that demonstrates it is affected by the “gatherings and face mask orders.”
Needs working capital to support payroll expenses, rent, mortgage payments, utility expenses or other similar expenses.
Can demonstrate an income loss as a result of the orders as determined by the EDO in which an eligible business is located.
Is not a live music and entertainment venue that is eligible for the Michigan Stage Survival grant program.
Each EDO may also have additional criteria. Unlike past COVID-19 relief grants, rewards will not be given on a first-come, first-served basis. Eligible businesses can apply for the grant at www.michiganbusiness.org/survival. Instructions, tutorials, and other resources can also be found here.
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