We shall always revise these pages much more methods being available. If you have questions or want to talk to MEDC straight, be sure to phone 888.522.0103.
COVID-19 Newsletter Stay up to date on important information about small business comfort programs for COVID-19.
COVID-19 Grants & Sources for Michigan Companies
Cafe Revitalization Investment
The American recovery Arrange operate established the bistro Revitalization account to present financial support to greatly help dining and various other eligible people keep their unique doors open. The program will give you restaurants with capital comparable to online installment loans IN their particular pandemic-related revenue control to ten dollars million per businesses no a lot more than $5 million per actual venue. Registration opens April 30, 2021 because of the application orifice on May 3.
Michigan SBDC Return Kit
The return package is designed for Michigan small business owners that happen to be trying to come back from the impacts and effects of the pandemic. This studying component can help small enterprises to judge their financials, read in which they have been nowadays, and recognize what they need to complete to have healthier tomorrow.
Paycheck Safeguards Regimen
The income Safety Program (PPP) provides financial loans to help businesses keep their staff used through the COVID-19 situation. The U.S. small company management is actually having tips with all the income security system to further highlight equitable therapy when it comes down to smallest small enterprises.
Employee Preservation Tax Credit Score Rating (ERTC)
The Internal Revenue provider urges employers to use the newly-extended employee maintenance credit, built to enable it to be easier for companies that, despite issues presented by COVID-19, decide to hold their employees from the payroll.
MI discomfort is a no cost means which will help companies, schools, also companies across Michigan easily conform to symptom evaluating requirement while keeping their unique organizations secure. Workforce, college students, and customers get day-to-day web surveys on which signs they’re having, and directors can immediately check if any folks are at-risk for COVID-19 plus grab business sign survey benefit research.
COVID-19 Work Environment Safety Guidelines
Select personnel office safety tools such as posters, clips, truth sheets and field specific requisite, including regulations and facts from MIOSHA.
Governor Gretchen Whitmer’s MI protected Start program outlines just how Michigan will start to re-engage while continuing keeping the forums secure. Re-engagement may happen in phases and the ones companies that are necessary to secure and maintain lifestyle already are available.
PMBC COVID-19 Procurement System
Support friends in need while assisting create new customers within Michigan. This system can really help supply PPE stuff for businesses re-opening following COVID-19 outbreak.
A trio of Bay condition pols continuing their particular crusade to terminate around $50,000 of national student loan personal debt went into weight on Tuesday from specialist just who informed a widespread wipeout could find yourself helping extra well-off borrowers.
U.S. Sen. Elizabeth Warren, U.S. Rep. Ayanna Pressley and condition lawyer standard Maura Healey once again also known as on President Biden to make use of their executive expert to broadly terminate education loan loans because they affirmed during a Senate subcommittee hearing Warren chaired on Tuesday.
“America is actually experiencing a student-based loan times bomb that, when it explodes, could place an incredible number of people over an economic cliff,” Warren stated, noting approximately 43 million Americans are obligated to pay significantly more than $1.7 trillion in figuratively speaking.
Pressley mentioned wide termination would-be “one of the very successful techniques” to overcome the nation’s pandemic-induced economic crisis.
But U.S. Rep. Byron Donalds, R-Fla., who’s repaying figuratively speaking himself, blasted their force as a “political ploy meant to keep Democrats in electricity.”
Dominique Baker, an assistant degree coverage professor at Southern Methodist college, observed the racial disparities in student loan payment, mentioning how 4percent of white graduates defaulted on their debts in comparison to 21% of dark graduates.
But Constantine Yannelis, an institution of Chicago associate funds professor, stated broad forgiveness “is maybe not how you can shut” the racial wide range space, keeping in mind it could price $1.7 trillion to shrink the difference by 3percent.