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DEADLINE TOMORROW at 12PM: Apply for Michigan Small Business Survival Grant Program
January 22, 2021 @ 12:00 pm
The State of Michigan has allocated $55 million to implement the Michigan Small Business Survival Grant Program to support the needs of Michigan businesses that have been disproportionately impacted by the COVID-19 virus and the Gatherings and Mask Order.
The application to apply is now open and will close at 12:00 p.m. EST on Friday, January 22, 2021.
In order to be eligible for funding under the Program, small businesses must be a for-profit or non-profit company and meet all criteria below. Furthermore, each local EDO may have additional eligibility criteria.
- Had 1 to 100 employees (including full-time, part-time and owner/employees) on a world-wide basis on November 17, 2020.
- Is in an industry that demonstrates it is affected by the Order.
- Needs working capital to support payroll expenses, rent, mortgage payments, utility expenses, or other similar expenses.
- Demonstrates an income loss as a result of the Order as determined by the EDO in which an eligible business is located.
- Is not a live music and entertainment venue that is eligible for funds under Section 401 of Public Act 257 of 2020: Michigan Stages Survival Grant Program.
- January 19, 2021: application window opens at 9:00 a.m. EST
- January 22, 2021: application window closes at 12:00 p.m. EST
- Week of January 25, 2021: EDOs carry out grant selection process
- January 29 – February 28, 2021: Funds disbursed