New Grant Program to Bolster Relief for Michigan Businesses Impacted by the COVID-19 Public Health Emergency
The Michigan Department of Treasury is administering a $409 million business grant relief program designed to help certain Michigan businesses that have experienced a financial hardship due to the COVID-19 public health emergency.
Under the Afflicted Business Relief Grant Program, eligible businesses in operation before Oct. 1, 2019, may receive a percentage of their loss in total state sales through a grant. Eligible businesses that began operating between Oct. 1, 2019, and June 1, 2020, may receive a grant equal to 25% of certain specified costs.
Depending upon the number of businesses that apply, the grants may be prorated to ensure that all eligible businesses can receive funding.
The application will become available at 8 a.m. EST on Tuesday, March 1, atwww.michigan.gov/abr.
Eligible businesses applying for a grant will be required to include tax and other financial information and documentation to support their claims.
Businesses must submit a completed online application to the state Treasury Department no later than 11:59 p.m. EST Thursday, March 31. Grant awardees will be notified in the spring and grant awards will be distributed by July 1, 2022.
Businesses interested in applying are encouraged to attend one of the following informational webinars hosted by the state Treasury Department:
- Thursday, Feb. 17 at 9-10 a.m. EST
- Tuesday, Feb. 22 at 10-11 a.m. EST
- Monday, March 7 at 1-2 p.m. EST
Details for signing up for a webinar can be found on the grant program’s website.
Initiate Small Business Training Platform
The resource portal is a free small business tool that covers topics such as money, marketing, management, and COVID-19 resiliency resources by using a variety of learning methods including videos, templates, and guides. To best position our Michigan place-based business owners to access this tool, the MEDC is partnering with community and economic development organizations, financial institutions, and other small business support organizations to receive training on the Platform and then work one on one with businesses at the local level.
The deadline to apply is Tuesday, January 4th. Register HERE.
Find current demographics for Center Line.
Utilize this online training to improve your business skills.
The Michigan Economic Development Corporation, in collaboration with more than 100 economic development partners, markets Michigan as the place to do business, assists businesses in their growth strategies, and fosters the growth of vibrant communities across the state.
The Macomb County Department of Planning & Economic Development supports an environment where businesses prosper and people thrive. Its activities and programs are focused on stimulating the local economy through business retention, expansion and attraction while improving the overall quality of life for residents. The department specializes in providing services to businesses at all stages of development with a concentration on the high-growth industries of aerospace, alternative energy, advanced manufacturing, defense and homeland security.
We are a local, Warren-based business organization focused on the needs of those doing business in the City of Warren.
he Michigan Department of Insurance and Financial Services (DIFS) is informing Michiganders of new federal flood insurance cost reductions and other consumer benefits available now available under the National Flood Insurance Program’s (NFIP) new Risk Rating 2.0 program.
Federal Resources - FEMA