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Friday, January 8, 2021
By Michael Nichols
Categories: Michael J. Nichols
On January 14, 2021, the Michigan Strategic Fund Board will meet to present details on the State’s COVID-19 relief program and fund availability. MEDC will host the applications and materials businesses will need to apply for assistance, and that information will appear on MEDC’s website within 3 days of that meeting. But which businesses qualify?
If your business shut down completely due to the executive orders, your business will be eligible for a $20,000 grant. 2,750 grants are available at that level, and those that were partially shutdown are eligible for a $15,000 grant. That is great for business owners, but what about the workers?
Employees in industries that were most impacted by the closure orders can apply, through the Michigan Department of Treasury and the Michigan Restaurant and Lodging Association, for a grant of up to $1,650. A maximum of 27,000 applicants may receive this relief.
We’ll be reporting more on this as more information becomes available.