Pure Michigan Small Business Relief Initiative grant applications of $ 15,000 accepted on December 15
LANSING, Mich. – Michigan small businesses that have been disproportionately affected by COVID-19 will be able to apply for grants of up to $ 15,000 through the Pure Michigan Small Business Relief Initiative.
Companies can start applying from 9 a.m. on December 15. The program will use $ 10 million in US federal housing and urban development (HUD) CARES Act funding. Grants will be awarded to eligible businesses on a “first come” basis.
“The Pure Michigan Small Business Relief Initiative is providing federal funding to most of Michigan’s small businesses hardest hit by the COVID-19 pandemic,” said Governor Gretchen Whitmer.
$ 10 million available to support small businesses affected by COVID-19 crisis
Applications will be considered on a “first in” basis.
Small businesses are encouraged to review documents before applying
Michigan Strategic Fund approved on November 30, the Pure Michigan Small Business Relief Initiative is allocating $ 10 million in federal CARES Act funding to support Michigan small businesses.
The program is intended to help Michigan businesses, including restaurants and bars, accommodation providers, live event venues and cinemas, conference and meeting rooms, indoor recreation facilities, and gymnasiums and fitness centers.
The grants aim to support businesses facing drastic cuts in their cash flow and continued support for their workforce. It can be used to cover salary expenses, rent, mortgage payments, or utility expenses.
My administration will continue to work to support our small businesses and their employees as they continue to navigate and persevere in this pandemic, thanks to the Pure Michigan Small Business Relief Initiative and all of the COVID-19 business relief efforts that MEDC has to offer. implemented this year. As we head into the holiday season, I also want to remind the Michiganders to support your favorite local businesses by shopping small. And as always, mask yourself, practice social distancing, and wash your hands frequently.
Governor Gretchen Whitmer
MEDC selected the Michigan Municipal League (MML) Foundation as the sole statewide grant administrator for the Pure Michigan Small Business Relief Initiative.
The MML Foundation will consider applications submitted by all 10 prosperous regions across the state once the application window opens on December 15.
To qualify for a grant, companies must meet a number of criteria:
Be a company in one of the targeted sectors
Identification of a need for payroll, rent or mortgage payments and / or utility expenses necessary to continue or restart business operations
Have at least two employees (including the owner) but less than 50
Be a for-profit business, as directed by HUD
Achieve HUD’s national goal of job retention by retaining jobs that would otherwise be lost without assistance through job verification;
Applicants will have to self-certify that they are following all state and local orders related to COVID-19.
A complete list of Pure Michigan Small Business Relief Initiative grant recipients will be posted on michiganbusiness.org/relief.
“We remain focused on delivering much-needed help to businesses that need it most,” said Mark A. Burton, CEO of MEDC. “The Pure Michigan Small Business Relief Initiative builds on our commitment to providing funds to Michigan small businesses and creating a solid foundation for the success of Michigan workers and the economy. “
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