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Michigan Small Business Survival Grant Application

Michigan Small Business Survival Grant Application – January 14, 2021 Michigan Small Business Survival Grant Program to provide $55 million in COVID-19 relief aid

The Michigan Strategic Fund today approved two grant programs – Michigan Small Business Survival Grants and Michigan Stage Survival Grants – totaling $58.5 million to help meet the needs of small businesses and event venues. The Economic Development Corporation has announced.

Michigan Small Business Survival Grant Application

Michigan Small Business Survival Grant Application

The state of Michigan provided funding through SB 748, which was signed into law by Governor Gretchen Whitmer on December 29, to establish programs to support Michigan’s small businesses that have been hit hardest by the COVID-19 pandemic.

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The Michigan Small Business Survival Grant Program provides $55 million to meet the emergency needs of Michigan’s small businesses that have experienced financial hardship as a result of the recent COVID-19 “emergency.” Up to $20,000 is awarded to businesses that are fully closed, and $15,000 is awarded to businesses that are partially closed or open and can demonstrate impact.

MSF also approved a $3.5 million Michigan Stage Survival Grant Program, which will provide $40,000 in one-time aid to Michigan’s live music and entertainment industries that have experienced financial hardship due to the COVID-19 pandemic.

The Michigan Small Business Survival Grant Program was created to meet the emergency needs of Michigan businesses that have experienced financial hardship due to the COVID-19 “collection and face control” that was issued by the Michigan Department of Health in December. 2020.

Small business funding in Michigan is administered by 15 local or not-for-profit organizations (EDOs) that cover 83 counties throughout the state. A single, statewide application for the program will be at michiganbusiness.org/survival from 9:00 a.m. EST on Tuesday, January 19 until 12:00 p.m. (noon) EST Friday, January 22. Offers will be reviewed and awarded by EDOs based on eligibility requirements and regional requirements and objectives, not on a first-come, first-served basis.

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Individual EDOs have other eligibility requirements, which businesses can find from the home page at michiganbusiness.org/survival. EDOs will also consider awards of up to $20,000 for fully closed businesses and $15,000 for partially closed or open businesses that demonstrate impact.

The michiganbusiness.org/survival homepage provides resources for businesses to prepare their applications, including application questions and video tutorials that explain each step.

Businesses must have an account in ConnectSpace to submit a job, a link to the landing page, which can be called. For the convenience of job applicants, the electronic listing system will also be approved and businesses will enter the listing before entering employment. Businesses can sign up to receive notifications when they are at the front of the list, with all registrants on the list by 12:00 p.m. (noon) EST on Friday, January 22nd will have the opportunity to complete the project and be considered for funding.

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Michigan Small Business Survival Grant Application

Check out the full story from MEDC for more information on the Survival Grant Program and more on the Michigan Stages Survival Grant Program. Detroit Economic Growth Corporation Distributes Over $4 Million in Survival Grants to Over 370 Detroit Small Businesses for COVID – 19 Help

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DETROIT— The Detroit Economic Growth Corporation () is distributing $4.06 million to support 375 Detroit small businesses as part of MEDC’s Michigan Small Business Survival Program. This brings to $15 million the total amount of money Detroit businesses have taken since the beginning of the COVID-19 crisis.

Grants of up to $20,000 are being offered to businesses that have experienced financial hardship due to the pandemic. More than 90 percent of the proceeds go to small or women-owned businesses in Detroit.

“This funding highlights the importance of protecting small businesses as the economic drivers of the city of Detroit,” said Kevin Johnson, President and CEO. “This new bill is one of the fastest-moving budgets in history, and it will get a lot of help in the hands of small business owners later this month. The numbers for COVID-19 are improving, and we are encouraged to distribute vaccines, but restaurants, coffee shops, coffee shops, local parks and other businesses are still suffering from the loss of income.

Approved by the Michigan Strategic Fund on January 14, the State of Michigan provided $55 million to use the Michigan Small Business Survival Grant Program to support the needs of Michigan businesses that are unprepared due to COVID-19 and the Assembly and Order Window. Funds are distributed among 15 regional or non-profit organizations (EDOs) in all 83 regions of the state. was also appointed EDO to represent the City of Detroit.

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The Survival Grant application period started from January 19 to January 22. All funds will be distributed on February 28. All closed businesses will be eligible to receive $20,000. ; Partially closed businesses can receive loans of up to $15,000. Loans can be used to help pay wages, rent, housing, utilities and similar.

“Our small businesses are still feeling the economic impact of COVID-19,” said Mayor Mike Duggan. “We are all very grateful that Detroit received $4 million, the largest single city award in the state. A large portion of Detroit’s money goes to small businesses – small and women because of those who are most affected. and the disease.

Fit4Life, a full-service fitness studio located at 19522 W. McNichols in west Detroit, was one of the businesses most affected by the recent order. Since the outbreak, owner Felicia Maxwell has run outdoor bootcamps and classes as a way to raise money. With gym restrictions still in place, Maxwell was eager for the help she received from the Small Business Life grant.

Michigan Small Business Survival Grant Application

“Until more people are vaccinated against COVID-19, I won’t be able to refund all of my customers,” Maxwell said. “I depend on money and other help I can get. Although I am very grateful to receive the Survival Grant, I like to go back to business and help my community to stay alive.”

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Survival Aid is the third COVID-19 funding program conducted in partnership with MEDC to support small businesses during the pandemic. The first is the Michigan Small Business Relief Program, which was launched in March 2020 and will provide $800,000 to Detroit businesses. It was combined with additional dollars from the Economic Development Corporation of the City of Detroit (EDC) for a total of $4 million distributed to 740 Detroit small businesses. The second recovery program is the Michigan Small Business Restart Program, which ran from July to August 2020 and provided $7.25 million to more than 900 small businesses in Detroit.

A list and map of Detroit Small Business Rescue grant recipients is available at. Here is an overview of the gift program and requirements to qualify.

“The Michigan Small Business Recovery program is providing great support to small businesses that are helping them through this difficult time with an economic recovery strategy,” said Josh Hundt, Chief Development Officer. Business and Executive Vice President at the Michigan Economic Development Corporation. “We are grateful for the efforts of the Detroit Economic Growth Corporation, which worked quickly and efficiently to provide these important resources to their community.”

In total, the MEDC has implemented 23 programs to treat the disease of COVID-19 which have helped 24, 460 businesses in the state and have helped to save about 200,000 jobs in all 83 provinces.

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The Detroit Economic Growth Corporation is a non-profit organization that serves as Detroit’s agency for business retention, attraction and economic development. provides support to senior authorities who administer incentives and other funding mechanisms for projects that bring innovation and capital to the City. also develops programs that support small businesses and expand local business opportunities. it is dedicated to inclusive economic development and works to eliminate barriers to economic opportunity. Follow us on Facebook, Twitter, Instagram and LinkedIn. .

The Michigan Economic Development Corporation is the state’s business organization and leader in business development, job creation and community development with the goal of growing Michigan’s economy. For more information about MEDC and our programs, visit www.MichiganBusiness.org. To learn more about the Pure Michigan® journey, your journey begins at www.michigan.org. Join the conversation on: Facebook, Instagram, LinkedIn, and Twitter. (January 14, 2021 5:13 PM) The Michigan Strategic Fund today approved two grant programs – Michigan Small Business Survival Grants and Michigan Stages Survival Grants – totaling $58.5 million. to help meet the emergency needs of small businesses and event centers affected by the COVID-19 virus, the Michigan Economic Development Corporation said.

The State of Michigan was awarded the prize

Michigan Small Business Survival Grant Application

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