Small Business Grant Opportunity - Michigan Small Business Restart Program
Application Closes on 8/5/2020 at 11:59 p.m.
Michigan Businesses May Now Apply for Federal Paycheck Protection Program
Small businesses across Michigan are now able to apply for $349 billion in Paycheck Protection Program forgivable loans through the U.S. Small Business Administration. These loans are designed to help small businesses to keep their workers on the payroll. Loans may be forgiven in all or in part if employees are kept on the payroll for eight weeks and the funds are used toward payroll, rent, mortgage interest or utilities. The program will award loans on a first come, first served basis with funding caps in place, and Michigan businesses are encouraged to apply early.
The application period for small businesses opens today (April 3), and for independent contractors and sole proprietors on April 10.
Pure Michigan Business Connect Offering up to $1 Million in Grants to Manufacturers Looking to Retool and Produce Critical Service Supplies
Michigan’s small business manufacturers looking to produce critical health and human service supplies can now apply for up to $150,000 in grants through the Michigan Economic Development Corporation’s PMBC COVID-19 Emergency Access & Retooling Program. The newly launched grant program will provide up to $1 million in grants to Michigan’s manufacturers that can quickly and effectively retool and produce critical supplies in response to the COVID-19 outbreak.
Virtual Matchmaking Platform Expands to Support COVID-19 Response Efforts
The MEDC’s Pure Michigan Business Connect program has expanded its free, online procurement platform to now include donations from suppliers capable of filling health and human service needs across a broad range of product and service categories.
The platform is also offering a place for companies with manufacturing capabilities for personal protection equipment to indicate which items (i.e. masks, gowns, ventilators) they are able to produce, along with quantity and timing detail.
More than 2,000 Michigan Companies Hiring Now
Michigan companies have an immediate need to fill thousands of critical vacancies to support work during the COVID-19 outbreak, including those in logistics, healthcare, manufacturing and agribusiness industries. The State of Michigan’s employment search engine - Pure Michigan Talent Connect - provides job seekers and employers with an online portal to post, search and connect to these job openings.
Thousands of new jobs are being posted each day. Employers looking to hire during the COVID-19 outbreak should use the COVID-19 On-Demand Hiring Intake Form.
Additional Resources Available Online
Access additional resources by visiting michiganbusiness.org/covid19.
Visit michigan.gov/coronavirus to find valuable resources for employers, workers, residents and communities and stay informed on Michigan’s latest efforts to mitigate the impact of the virus on our state’s residents and economy.
In response to the COVID-19 crisis, The Michigan Economic Development Corporation, in conjunction with the Detroit-based crowdfunding platform, Patronicity, has developed “MI Local Biz”, a creative funding mechanism to offer quick access to capital for small local businesses in this great time of need. The MEDC will match crowdfunding raises on a 1:1 basis up to $5,000 for eligible small businesses experiencing economic challenges as a result of COVID-19. Pre-check Applications Open Monday, May 18th at 8:00 a.m.
The MI Local Biz program is a matching grant program that utilizes donation-based crowdfunding to generate public interest, to raise funds to assist small businesses negatively affected by the COVID-19 crisis, and help position that business for re-opening as the crisis eases. By utilizing web-based donations, businesses are accessible to anyone willing to make a donation in real time. This crowdgranting model engages the public as each person contributes in the effort to assist their local businesses. In addition, this model instills community pride as residents become a conduit of support for their local economy.
Please visit this link for more information!
4:45 Club- TBA
Please join us and meet the mentors of SBDC and SCORE!! Both organizations provided FREE business assistance out of the Otsego County Economic Alliance office. See you there!! ***Please note NEW day- 4:45 Club will be the third Tuesday of each month.