Small corporations in Michigan can access $55 million in COVID aid

Little organizations in Michigan impacted by the COVID-19 pandemic can utilize for further grant money subsequent week — and $4 million of the pot will be out there to Detroit firms. 

The Michigan Strategic Fund approved Thursday the Michigan Modest Organization Survival Grant System, which provides $55 million in grants to eligible little businesses. The application period will run from 9 a.m. Jan. 19 to noon Jan. 22.

Detroit Mayor Mike Duggan on Thursday lays out the COVID-19 vaccination plan for Detroit residents that will begin at the TCF Center garage next week.

The more funding is a end result a aid monthly bill Gov. Gretchen Whitmer signed into legislation on Dec. 29. The application is among the practically two dozen COVID reduction packages the Michigan Economic Development Corp. has applied, officials mentioned, resulting in the distribution of a lot more than $240 million to little corporations across the state.

“From the starting, my administration has been deeply fully commited to supplying some crucial assist to Michigan’s compact corporations that have been strike tough by the COVID-19 pandemic,” Whitmer mentioned in a statement. “With these grant plans, we can deliver instant help to these organizations. As we get the job done to distribute the protected and helpful vaccine and end the pandemic after and for all, I will keep on to companion with leaders throughout the state to give reduction for our compact businesses and their workforce.”

To qualify, companies should fulfill standards together with:

  • Had 1 to 100 workers on Nov. 17, 2020.
  • Is in an sector that demonstrates it is impacted by the Department of Overall health and Human Providers epidemic orders.
  • Demands operating money to help bills including payroll charges, rent, property finance loan payments and utility expenditures.
  • Can reveal an revenue decline as a result of the order.
  • Is not a reside music and amusement location qualified for the Michigan Phase Survival grant method, which was also permitted Thursday.