Supplied below is a summary of resources and information for Michigan organizations during the COVID-19 (Coronavirus) outbreak. We shall continue steadily to upgrade these pages much more resources become available. For those who have any relevant questions or want to talk to MEDC straight, please phone 888.522.0103.
COVID-19 Newsletter Stay up to date on important info linked to business that is small programs for COVID-19.
COVID-19 Grants & Resources for Michigan Companies
Pure Michigan Business Relief Initiative
This program offer $10 million in CARES Act CDBG capital to get small enterprises that continue steadily to disproportionally afflicted with the negative effects associated with the pandemic. Applications for companies to apply open on December 15, 2020.
COVID-19 Workplace Protection Guidance
Find employee workplace security resources including posters, videos, reality sheets and industry particular needs, in addition to guidelines and information from MIOSHA.
Governor Gretchen Whitmer’s MI secure begin Arrange outlines exactly exactly exactly how Michigan will start to re-engage while continuing to help keep our communities safe. Re-engagement may happen in stages and the ones continuing companies that are necessary to safeguard and sustain life seem to be available.
PMBC COVID-19 Procurement Platform
Help neighbors in need of assistance while assisting generate business that is new Michigan. The program often helps source PPE materials for companies re-opening after the COVID-19 outbreak.
Created mainly for companies and workers, the internet device permits users to enter information day-to-day to aid determine signs that would be caused by the COVID-19 virus also to make decisions about when you should look for appropriate health care bills. Local and state public wellness will additionally make use of the collective information to help identify the potential for new outbreaks associated with illness.
COVID-19 Support Products for Smaller Businesses
Detroit Developing Fund
Detroit developing Fund is accepting applications from organizations in Detroit, Highland Park, and Hamtramck who’ve been influenced by the virus that is COVID-19. Organizations enthusiastic about trying to get that loan should contact DDF at (313) 784-9623, or by e-mail at vholsey@detroitdevelopmentfund.com.
Metro Community Development
Micro and small company loans which range from $5,000 to $250,000 can be obtained to Michigan smaller businesses in 13 counties, with an increased exposure of companies based in economically disadvantaged areas. To learn more, contact mrankins@metroflint.org.
Northern Initiatives System
This program provides as much as $2 million in loan funds to Northern Initiatives through MEDC’s Capital Access system to aid businesses relying on the virus that is COVID-19.
MI State Trade Expansion Program (MI-STEP)
The MI-STEP program has increased the cap amount for certain activities to help support companies going global with their business, making it more favorable to participate in export activities in response to COVID-19.
MSF Awardee Relief Initiative
Authorizes crisis relief to organizations and community tasks which have formerly received grants, loans, or other kinds of financial the assistance of the Michigan Strategic Fund.
Capital Access System
MEDC’s Capital Access system utilizes general public resources to build lender that is private, supplying smaller businesses in Michigan use of money which may maybe not otherwise be accessible.
SBA Economic Injury Disaster Loans
SBA resumed processing EIDL applications that have been submitted prior to the portal stopped accepting brand brand new applications on April 15 and you will be processing those applications for a first-come, first-served foundation. On June 15, SBA started accepting brand new EIDL and EIDL Advance applications from qualified smaller businesses and U.S. agricultural companies.
COVID-19 Support Tools for Communities
Community Capital Resources
Small enterprises will be the foundation of the thing that makes Michigan’s downtowns authentic and unique. Investment-based crowdfunding provides a forward thinking tool that is financial offer the creation, retention, and development of companies on primary road.
EDA Grant Application
MEDC is accepting proposals from qualified Michigan businesses to aid needed capital match towards the U.S. Economic developing Administration’s (EDA) CARES Act healing Assistance system.
Initiate Company Retention Training Series
MEDC’s Community Development and Capital Access groups have actually partnered with north Initiatives to supply an online learning portal that provides small enterprises use of valuable resources to assist them to develop and thrive in today’s economy.
Reopen Principal Street
MEDC has partnered with Reopen principal Street to compile many different data data recovery resources into one, easy-to-use site. The brand new internet site includes reopening methods, tips, tips and hints for companies, company districts and businesses.
COVID-19 Support Tools for Entrepreneurs/Startups
Michigan Entrepreneur Resilience Fund
MEDC has partnered with Michigan Women ahead generate this $1.5 million investment to greatly help business owners and businesses that are small relying on COVID-19 get over the outbreak, also as assist them in meeting increased demands meant for COVID-19 response efforts. Note: Microloan applications will always be available.
MEDC COVID-19 Reaction
If the State of crisis had been announced, MEDC relocated swiftly to present vital support that is economic organizations, business owners, employees and communities throughout Michigan. Start to see the effect MEDC’s COVID-19 reaction programs are experiencing in the state’s financial data data recovery.
Extra information and past COVID-19 support programs
Michigan Agricultural Safety Grants
Their state of Michigan allocated $15 million of CARES Act money to make usage of the Michigan Agricultural protection Grant to aid COVID-19 monitoring and mitigation approaches for Michigan’s agricultural processors and farms of 10 workers or even more.
MEDC Small Farm Safety Grant Program
To check the Agricultural protection give, MEDC established the MEDC Small Farm protection give Program available to Michigan farms with significantly less than 10 workers. As a whole, $1.25 million in funds had been accessible to fund COVID-19 mitigation expenses at Michigan farms.
Michigan Small Company Restart System
As a result into the financial effect of COVID-19, the State personal loans in Wyoming of Michigan has allocated $100 million of CARES Act financing to implement the Michigan Small Business Restart system to guide the requirements of Michigan companies straight influenced by COVID-19.
Michigan Business Relief System
Michigan Small organizations Relief Grants are going to be administered by 15 neighborhood and nonprofit development that is economic (EDOs) around Michigan. Applications are now actually closed.
FAQs for Organizations and Communities
Review this range of faq’s and responses for organizations and communities through the COVID-19 outbreak.
MEDC Contacts for Personalized Support
MEDC’s Regional Company Development Managers
Contact your MEDC company developing Manager for individualized help also to get linked to resources that are additional.
Contact your Community Assistance Team Member
Make use of the Community Assistance Team user map to get the local contact. pet downline could possibly offer support that is personalized.
Economic Developing Partners
MEDC works together with significantly more than 100 financial development lovers over the state. Make use of this list to get additional support that is local your neighborhood.
