Supplied below is a list of resources and information for Michigan organizations during the COVID-19 (Coronavirus) outbreak. We will continue steadily to update these pages much more resources become available. When you yourself have any questions or want to talk to MEDC straight, please phone.
COVID-19 Newsletter Stay up to date on important info linked to business that is small programs for COVID-19.
To assist smaller businesses effectively navigate the winter ahead and stop the spread of COVID-19, the Michigan Department of Labor and Economic chance offers federal CARES Act funds to aid qualifying small enterprises increase their capability by including weatherized, short-term outdoor facilities.
Find worker workplace security resources posters that are including videos, reality sheets and industry certain needs, along with guidelines and information from MIOSHA.
Governor Gretchen WhitmerвЂ™s MI secure begin Arrange describes exactly just how Michigan will quickly re-engage while continuing to help keep our communities safe. Re-engagement can happen in stages and people companies that are essential to guard and sustain life are usually available.
PMBC COVID-19 Procurement Platform
Help neighbors in need of assistance while assisting generate home based business within Michigan. The program will help source PPE materials for companies re-opening following a outbreak that is COVID-19.
Created primarily for companies and workers, the web device permits users to enter information day-to-day to greatly help recognize symptoms that would be brought on by the COVID-19 virus and also to make choices about when to look for appropriate health care. Local and state health that is public website link additionally utilize the collective information to simply help recognize the potential for new outbreaks associated with the illness.
COVID-19 Support Products for Small Enterprises
Detroit Developing Fund
Detroit developing Fund is accepting applications from organizations in Detroit, Highland Park, and Hamtramck who’ve been influenced by the COVID-19 virus. Organizations enthusiastic about trying to get that loan should contact DDF.
Metro Community Developing
Micro and small company loans which range from $5,000 to $250,000 can be found to Michigan small enterprises in 13 counties, with a focus on companies situated in economically disadvantaged areas. To find out more, contact.
MI State Trade Expansion Program (MI-STEP)
The MI-STEP program has increased the cap amount for certain activities to help support companies going global with their business, making it more favorable to participate in export activities in response to COVID-19.
MSF Awardee Relief Initiative
Authorizes crisis relief to companies and community tasks which have formerly gotten funds, loans, or other kinds of financial some help from the Michigan Strategic Fund.
Capital Access Program
MEDC’s Capital Access system makes use of general general public resources to create personal loan provider financing, supplying small enterprises in Michigan use of capital which may maybe perhaps maybe maybe not otherwise be around.
SBA Economic Injury Disaster Loans
SBA resumed processing EIDL applications that have been submitted ahead of the portal stopped accepting new applications on April 15 and will also be processing those applications on a first-come, first-served foundation. On June 15, SBA started accepting EIDL that is new and Advance applications from qualified small enterprises and U.S. agricultural organizations.
COVID-19 Support Tools for Communities
Community Capital Resources
Smaller businesses would be the foundation of the thing that makes MichiganвЂ™s downtowns unique and authentic. Investment-based crowdfunding provides a cutting-edge tool that is financial offer the creation, retention, and development of organizations on primary road.
EDA Grant Application
MEDC is accepting proposals from qualified Michigan businesses to aid needed capital match towards the U.S. Economic developing Administration’s (EDA) CARES Act healing Assistance system.
Initiate Company Retention Training Series
MEDCвЂ™s Community developing and Capital Access groups have actually partnered with north Initiatives to supply an on-line learning portal that offers small enterprises usage of valuable resources to assist them to develop and flourish in todayвЂ™s economy.
Reopen Principal Street
MEDC has partnered with Reopen principal Street to compile a number of data data recovery resources into one, easy-to-use internet site. The website that is new reopening methods, a few ideas, tips and hints for companies, company districts and businesses.
COVID-19 Support Tools for Entrepreneurs/Startups
Michigan Entrepreneur Resilience Fund
MEDC has partnered with Michigan ladies ahead to generate this $1.5 million investment to simply help business owners and small enterprises adversely relying on COVID-19 cure the outbreak, additionally as assist them in meeting increased needs meant for COVID-19 reaction efforts. Note: Microloan applications remain available.
MEDC COVID-19 Reaction
Whenever State of crisis had been announced, MEDC relocated swiftly to give you vital financial help to companies, business owners, employees and communities throughout Michigan. Start to see the effect MEDC’s COVID-19 reaction programs are receiving in the state’s financial data recovery.
Extra information and previous COVID-19 support programs
Their state of Michigan allocated $15 million of CARES Act financing to implement the Michigan Agricultural protection give to aid COVID-19 monitoring and mitigation approaches for MichiganвЂ™s agricultural processors and farms of 10 workers or maybe more.
MEDC Small Farm Safety Grant Program
To fit the Agricultural protection give, MEDC established the MEDC Small Farm protection give Program available to Michigan farms with not as much as 10 workers. In total, $1.25 million in funds had been accessible to fund mitigation that is COVID-19 at Michigan farms.
Michigan Small Company Restart System
In reaction into the financial effect of COVID-19, the State of Michigan has allocated $100 million of CARES Act money to make usage of the Michigan Small Business Restart system to guide the requirements of Michigan companies straight influenced by COVID-19.
Michigan Small Company Relief System
Michigan Small organizations Relief Grants will likely to be administered by 15 regional and nonprofit financial development companies (EDOs) around Michigan. Applications are actually closed.
FAQs for Companies and Communities
Review this a number of faqs and responses for companies and communities through the outbreak that is COVID-19.
MEDC Connections for Personalized Help
MEDC’s Regional Company Development Managers
Speak to your MEDC company developing Manager for individualized help and also to get attached to extra resources.
Contact your Community Assistance Team Member
Utilize the grouped Community Assistance Team user map to locate your neighborhood contact. pet downline will offer support that is personalized.
Economic Developing Partners
MEDC works together with a lot more than 100 financial development lovers over the state. Utilize this list to get extra support that is local your neighborhood.