Application for Pure Michigan Small Business Relief Initiative Grants Opens Dec. 15December 11, 2020
Application for Pure Michigan Small Business Relief Initiative Grants Goes Live on Dec. 15
- $10 million available to support small businesses disproportionally impacted by COVID-19 crisis, recent DHHS epidemic orders
- Application live on michiganbusiness.org/relief beginning Dec. 15 at 9 a.m. EST with applications reviewed on a “first-in” basis
- Small businesses encouraged to review materials, including application questions and tutorial, before applying
- Michigan Municipal League Foundation to serve as statewide grant administrator
LANSING, Mich. – Michigan’s small businesses that have been disproportionately impacted by the COVID-19 virus will be able to apply for grants of up to $15,000 through the Pure Michigan Small Business Relief Initiative beginning at 9 a.m. EST on Tuesday, Dec. 15, the Michigan Economic Development Corp. (MEDC) announced today. The program will utilize $10 million in federal U.S. Housing and Urban Development (HUD) CARES Act funding to provide economic assistance to small businesses across Michigan.
Grants will be awarded in the amount of up to $15,000 per eligible business on a “first-in” basis. Information on how to apply – including application questions and instructions and a video tutorial on the application process – as well as eligibility criteria and program guidelines are available at www.michiganbusiness.org/relief.
Approved by the Michigan Strategic Fund on Nov. 30, the Pure Michigan Small Business Relief Initiative allocates $10 million of federal CARES Act funding to provide support to Michigan’s small businesses that have experienced a loss of income as a result of both the COVID-19 crisis and the recent DHHS epidemic orders, which were recently extended to Dec. 20.
The program is intended to meet the urgent need of Michigan businesses including restaurants and bars, lodging providers, live event venues and movie theaters, conference and meeting facilities, indoor recreation facilities, and gyms and fitness centers. The grants under the program will support those businesses facing drastic reductions in cash flow and the continued support of their workforce and may be used for working capital to support payroll expenses, rent, mortgage payments, or utility expenses.
MEDC has selected the Michigan Municipal League (MML) Foundation as the single, statewide grant administrator for the Pure Michigan Small Business Relief Initiative. MML Foundation will review submitted applications from all 10 prosperity regions across the state once the application window opens on Dec. 15.
Funds will be awarded on a first-in basis and the application window for small businesses will close once the targeted allocations within each of the state’s prosperity regions are reasonably expected to be met. The table below provides funding allocations per prosperity region.
To qualify for grant support, businesses must meet a number of criteria, including but not limited to:
- Being a business in one of the targeted industries;
- Identifying a need for payroll, rent, or mortgage payments, and/or utility expenses necessary to continue or restart business operations;
- Having at least two employees (including the owner) but fewer than 50;
- Be a for-profit business, per HUD guidance;
- Meet the HUD National Objective for Job Retention by retaining jobs that would otherwise be lost without assistance through employment verification;
- Additional eligibility requirements can be found on www.michiganbusiness.org/relief.
In addition, applicants will be required to self-certify that they are following all state and local orders related to COVID-19, including, but not limited to, those issued by DHHS and county health departments. For the full list of requirements, visit here.
These federal CARES Act dollars were distributed by the U.S. Department of Housing and Urban Development to the Michigan Community Development Block Grant program. A complete list of Pure Michigan Small Business Relief Initiative grant recipients will be posted to michiganbusiness.org/relief.
To learn more about MEDC’s COVID-19 response programs and the impact they are having on economic recovery efforts, visit michiganbusiness.org/covid19response. Other resources for economic reopening efforts as well as businesses across Michigan struggling with economic losses as a result of the COVID-19 virus can be found online at michiganbusiness.org/covid19.