Two new relief programs open to Michigan small businesses hurt by pandemic
The state of Michigan has authorized a $58.5 million grant program for businesses hurt by the 2020 pandemic, split into two separate programs:
- Michigan Small Business Survival Grant Program, a $55 million program with grants of up to $20,000 to help businesses that had to close or partially close during the pandemic. Funds can be used for business related expenses, like payroll expenses, building expenses and other business related expenses. To be eligible for a grant, businesses must have had one to 100 employees on Nov. 17 and show the impact pandemic restrictions had on them; and,
- Michigan Stages Survival Grant Program, $3.5 million in one-time grants up to $40,000 to help entertainment venues pay workers who were laid off. To be eligible for a grant, businesses must venues must normally produce or provide live performances. They must also employ less than 30 full-time employees and can’t apply for the Michigan Small Business Survival Grant Program.
For more information or assistance applying, please contact a ShindelRock tax professional.