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Michigan Small Business Restart Program

Michigan Small Business Restart Program – LANSING, MICHIGAN (WLUC) – Michigan’s Small Business Restart Program has awarded a total of nearly $100 million in critical relief to more than 14,000 small businesses across the state to date, Governor Gretchen Whitmer announced Tuesday.

“Families across the state rely on small businesses for their livelihoods, and these grants, along with additional COVID-19 business relief provided by MEDC, help create a strong foundation for a long-term economic recovery.” Gretchen said. Whitmer. “By earmarking federal funding for Michigan’s small businesses and additional COVID-19 relief efforts, we’ve made a real impact on our families and communities. Of course, our work isn’t done yet. We still need Speaker and Senate Majority Leader Mitch McConnell to work across the aisle with a bipartisan stimulus plan that supports our families, frontline workers, and small businesses. We need our partners to make sure this gets done for our small business owners.” We will continue to work with all states and unions.

Michigan Small Business Restart Program

Michigan Small Business Restart Program

Tuesday’s announcement increased the total amount awarded under the program to $95.6 million, up from the $69 million announced at the end of September. 5% of the total program funds were allocated for the administrative costs of the EDAs administering the grants.

Michigan Small Business Restart Program Apply Now

In July, the Michigan Small Business Restart Program, authorized by the Michigan Strategic Fund, allocated $100 million in federal CARES Act funds to support Michigan small businesses and nonprofits reopening and experiencing revenue loss due to COVID-19. crisis Funds were provided by 15 regional or non-profit Economic Development Organizations (EDOs) spread across all 83 counties in the state to support small businesses and non-profit organizations facing significant financial hardship due to the COVID-19 pandemic.

4,617 of the businesses that received subsidies were minority-owned. 6,314 were women-owned, 743 were veteran-owned, and some businesses selected multiple categories. At least 30% of the funds awarded under the program go to women; Must go to qualified businesses owned by minorities or veterans, and all EDOs must meet or exceed this requirement in awards made.

“The Michigan Small Business Restart Program provides critical support to small businesses and nonprofits in helping them get through this critical period and on the path to economic recovery,” said Mark A. Burton, CEO of the Michigan Economic Development Corporation. “We are grateful for the efforts of our economic development partners who have provided these critical financial resources to their regions and created a path to economic recovery for small businesses in Michigan.”

Grants under the Michigan Small Business Restart Program cover payroll costs; rent mortgage payments; It can be used as working capital to cover utility costs or other similar costs.

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Ellison Brewery and Spirits in East Lansing received a $20,000 grant through the Lansing Economic Area Partnership, and the funds helped the veteran-owned small business weather the COVID-19 pandemic, according to Aaron Hanson, owner and president.

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“As a veteran business, Ellison Brewing is pleased to be selected for the Restart grant program, which allows us to continue to create a clean and socially distanced environment for customers to enjoy locally brewed products safely,” said Hanson.

Mastercraft Homes in Sterling Heights received a $2,500 grant through Macomb County, and the funds helped the veteran-owned small business install and pay bills, owner Dennis Bolo said.

Michigan Small Business Restart Program

“This grant has helped us a lot in a small way. All we have to do is to pay us regularly so we can continue. We are grateful for the amount we received,” said Bolo.

Detroit Economic Growth Corporation Distributes $7.25 Million In Restart Grants To Over 900 Detroit Small Businesses For Covid 19 Assistance

Hard-to-find artifacts at Swartz Creek; Howe Art Supplies, which offers workshops and classes, received a $10,000 grant through the Flint and Genesee Chamber of Commerce, but owner Sharlene L. Howe said the funds were not forthcoming. A better time.

“The Michigan Small Business Restart Grant is a boon for small businesses like mine. The grant funding has allowed me to keep my doors open and keep personal protective equipment in place to keep my customers safe during the current health crisis,” Howe said.

The Michigan Small Business Restart Program follows the Michigan Small Business Relief Program approved March 19 by the Michigan Strategic Fund, providing $10 million in grants and nearly $10 million in loans to 83 small businesses affected by the COVID-19 crisis. Countries, states, districts.

Grand total, MEDC has launched 19 COVID-19 relief and recovery programs supporting more than 18,500 businesses in the state and sustaining nearly 147,000 jobs in 83 districts. To learn more about MEDC’s COVID-19 response plans and impact on economic recovery efforts, visit michiganbusiness.org/covid19response. Michigan businesses struggling with business losses can find resources online at michiganbusiness.org/covid19, as well as other resources for business reopening efforts due to the COVID-19 virus.

More Than 11.3k Michigan Businesses Awarded Grants Through Small Business Restart Program

About Michigan Economic Development Corporation (MEDC): The Michigan Economic Development Corporation is an economic development; The state’s marketing department is a key advocate for job awareness and community development, and is focused on growing Michigan’s economy. For more information about MEDC and our initiatives, visit www.MichiganBusiness.org. For Pure Michigan® travel information; Your journey begins at www.michigan.org. Facebook Instagram, LinkedIn and chat on Twitter.LANSING, Michigan – The Michigan Economic Development Corporation is reminding Michigan small businesses and nonprofits that are working to recover from the ongoing impact of the COVID-19 virus that there is still time to apply. Grants of up to $20,000 from Michigan’s Small Business Restart Program were announced in early July. The program will provide $100 million in economic relief to Michigan small businesses and nonprofits to help support workers and their families during the pandemic. The application deadline is August 5. Information on how to apply, as well as eligibility criteria and program guidelines, is available at michiganbusiness.org/restart.

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In addition, Governor Gretchen Whitmer today signed an amendment to the program that now allows small businesses to receive small business grants approved by the Michigan Strategic Fund in March. Resume program grants. The combined total of the two grants cannot exceed $20,000. Businesses that previously received grants under the Small Business Relief Program are not eligible to apply for restart grants.

“The Michigan Small Business Restart Program provides an important opportunity to address the immediate needs of small businesses and nonprofits negatively impacted by COVID-19, and we encourage any small business or nonprofit in Michigan that has not yet applied for a grant by August 5,” said MEDC CEO Mark A. Burton. Short- and Long-Term Effects of the COVID-19 Outbreak.”

Michigan Small Business Restart Program

The Michigan Small Business Restart Plan, approved July 7 by the Michigan Strategic Fund, allocates $100 million in federal CARES Act funds to support Michigan small businesses and nonprofits. 19 crisis. The funds will go to 15 regional or non-profit Economic Development Organizations (EDOs) spread across all 83 counties in the state to support small businesses and nonprofits facing financial hardship due to the COVID-19 virus.

Small Business Restart Program Offering $100m In Grants

The application period for the Michigan Small Business Restart Program is Wednesday. It will remain at michiganbusiness.org/restart until Aug. 5, and all applications received during this three-week period will be considered. Grants will be awarded after the application closes based on the criteria set by the EDOs. Funds are used for payroll expenses; rent mortgage payments; It can be used to fund expenses or other similar expenses.

To qualify for a grant; Companies must meet the following criteria based on the program’s official requirements:

In addition, At least 30% of the funds provided under the program go to women; Must be awarded to qualified businesses owned by minorities or veterans.

A monthly report will be sent to the Legislature containing the list of grants awarded during the previous month and the name of each grant awarded under the program in accordance with statutory requirements. All reporting forms are also available at michiganbusiness.org/restart.

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Michigan အသေးစားစီးပွားရေးပြန်လည်စတင်ခြင်းအစီအစဉ်သည် COVID-19 အကျပ်အတည်းကြောင့် အသေးစားစီးပွားရေးလုပ်ငန်းများကိုထောက်ပံ့ရန် Michigan Strategic Fund မှ မတ်လ 19 ရက်နေ့တွင် အတည်ပြုခဲ့သော Michigan အသေးစားစီးပွားရေးကယ်ဆယ်ရေးအစီအစဉ်ပြီးနောက် နမူနာပုံစံဖြစ်ပါသည်။

မစ်ရှီဂန် အသေးစား စီးပွားရေး ကယ်ဆယ်ရေး အစီအစဉ်တွင် ချက်ချင်းအကူအညီ လိုအပ်နေသော စီးပွားရေးလုပ်ငန်းများကို ကူညီပံ့ပိုးရန် ရည်ရွယ်သည့် စုစုပေါင်း ဒေါ်လာ သန်း 20 ပါဝင်သည်။ Hi

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