Programs for Pure Michigan Small Enterprise Reduction Initiative grants go reside on Dec. 15

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LANSING, Mich. (WILX) – Tiny companies in Michigan that have been disproportionately impacted by the COVID-19 virus will be able to apply for grants of up to $15,000 beginning Tuesday.

Friday the Michigan Economic Growth Corporation (MEDC) declared grants are accessible by the Pure Michigan Smaller Business Relief Initiative commencing at 9:00 a.m. on Tuesday, Dec. 15. The system will use $10 million in federal U.S. Housing and Urban Progress (HUD) CARES Act funding to offer economic assistance to modest enterprises across Michigan.

The grants will be awarded in the sum of up to $15,000 for every suitable organization on a “first-in” foundation. Info on how to use, application concerns and recommendations, and a online video tutorial on the application procedure can be located Listed here. The internet site also lists eligibility standards and software guidelines.

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“The Pure Michigan Modest Business Aid Initiative puts federal funding to do the job for several of the small organizations in Michigan toughest hit by the COVID-19 pandemic,” reported Governor Gretchen Whitmer. “My administration will go on working to help our modest companies and their staff as they carry on to navigate and persevere via this pandemic, through the Pure Michigan Little Small business Relief Initiative and all of the COVID-19 small business relief attempts MEDC has executed this year. As we head into the holiday getaway period, I also want to remind Michiganders to assist your favorite area enterprises by browsing smaller. And as generally, mask up, observe social distancing, and wash your hands commonly.”

The Michigan Strategic Fund authorized the initiative on Nov. 30, which allocates $10 million of federal CARES Act funding to present support to Michigan’s little businesses that have professional a decline of revenue as a result of each the COVID-19 disaster and the the latest DHHS epidemic orders, which were not long ago extended to Dec. 20.

The program aims to meet up with the urgent have to have of Michigan enterprises these as dining establishments and bars, live occasion venues and motion picture theaters, indoor recreation services, and fitness centers and health centers. The grants awarded will assist people corporations experiencing steep reductions in profits and the ongoing assist of their workforce. The grants could be used for doing the job funds to assist payroll fees, hire, mortgage loan payments, or utility costs.

MEDC has selected the Michigan Municipal League (MML) Basis as the only, statewide grant administrator for the Pure Michigan Compact Company Aid Initiative. MML Basis will review submitted apps from all 10 prosperity areas across the condition when the software window opens on December 15.

“The Michigan Municipal League Basis is energized to provide as the administrator of the Pure Michigan Small Business enterprise Aid grant system,” explained Helen Davis Johnson, president of the MML Foundation. “These grants intention to aid job retention in little businesses specifically impacted by the modern 3-week shutdown caused by COVID-19. Small businesses are key to constructing neighborhood wealth, and the League is dedicated to supporting these actions and a lot more in Michigan communities.”

The money will be awarded on a initial-in basis and the software window will close once the qualified allocations within just just about every of the locations are moderately envisioned to be fulfilled. The table down below demonstrates the funding allocations for every prosperity area.

In purchase to qualify for grant support, enterprises need to meet up with several requirements, which include but not minimal to:

• Getting a company in a single of the targeted industries
• Identifying a need to have for payroll, hire, or home finance loan payments, and/or utility expenditures vital to keep on or restart company functions
• Getting at minimum two workers (including the proprietor) but fewer than 50
• Be a for-income enterprise, per HUD guidance
• Fulfill the HUD National Objective for Position Retention by retaining employment that would in any other case be dropped with no support by employment verification

Applicants will be necessary to self-certify that they are adhering to all condition and area orders connected to COVID-19, like, but not minimal to, those issued by DHHS and county wellness departments.

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