Mackinac Economic Alliance
COVID Disaster Assistance Update
Michigan Small Business Restart Program
In response to the economic impact of COVID-19, the State of Michigan has allocated $100 million of CARES Act funding to implement the Michigan Small Business Restart Program to support the needs of Michigan Businesses directly impacted by COVID-19. The application for businesses to apply for funding will open on July 15, 2020. Read More to Here.
The programming includes:
- CFAP will provide direct support based on actual losses for agricultural producers where prices and market supply chains have been impacted; and
- CFAP will assist producers with additional adjustment and marketing costs resulting from lost demand and short-term oversupply for the 2020 marketing year caused by COVID-19.
COVID-19 testing criteria in Michigan has been expanded to include individuals with mild symptoms and essential workers that have to leave home to work (even if they don’t have symptoms). Find your nearest testing location HERE.
Additional Resources Available Online
- Access additional resources by visitingmichiganbusiness.org/covid19
- Visit michigan.gov/coronavirus to find valuable resources for employers, workers, residents, and communities and stay informed on Michigan’s latest efforts to mitigate the impact of the virus on our state’s residents and economy.
- Information around this outbreak is changing rapidly. The latest information is available athttps://www.michigan.gov/coronavirus and https://www.cdc.gov/coronavirus
When preparing your application to either the EIDL or PPP program, please consider the recommendations of the SBA & SBDC to reduce your funding needs by:
- Request your Bank to waive loan payments for the next 2 – 3 months.
- Request your Landlord to defer lease/rent payments for 2 – 3 months.
- Request Vendors / Creditors to suspend payments for 2 – 3 months.
- Apply for SBA funding for remaining needs for the next 2 – 3 months.
- Laid-Off Employees should be directed to apply for Expanded Unemployment Benefits.
In tough times, such as the uncertainty surrounding the current novel coronavirus pandemic, we recognize that accessing the vast knowledge and resources of MSU is more important than ever. The MSU Extension Remote Learning and Resources online space can bring you the resources you need, wherever you need them.
Content areas include:
Adult Online Learning Resources
COVID-19 Pandemic and Tourism
Educational Resources for School Closures
Family and Community Resources
Health and Wellness Resources
Local Government Resources for Novel Coronavirus Response
MSU Extension’s Local Government Resources for Novel Coronavirus Response page is updated regularly with resources and webinars to help Michigan local governments navigate novel coronavirus pandemic. The page content is organized into:
Business Webinars for Busy Entrepreneurs
Answers to your specific questions.
Want to talk something through, one-on-one? Our business consultants are available to help you strategize for the future of your business.
Connect with an SBDC Consultant
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