Ready for reliable and friendly service in a towing company? Combined with competitive rates? Call Force 1 Towing and Auto Body in Catasauqua at 610-266-6721
More than 11,300 businesses across Michigan already awarded grants through Michigan Small Business Restart Program
Businesses statewide receive $69 million in grants to assist with COVID-19 recovery efforts
At least 72,950 jobs retained for Michigan workers
Grants were chosen and administered by 15 economic development organizations
LANSING, Mich. – More than 11,300 small businesses and nonprofits across Michigan have been awarded $69 million in grants by local economic development organizations as of September 10, 2020 through the Michigan Small Business Restart Grant Program, the Michigan Economic Development Corporation announced today. The program was launched to provide relief for small businesses that have been negatively impacted by the COVID-19 pandemic.
“Over the past six months, small business owners who have spent their entire lives building their businesses have made incredible sacrifices to protect their communities and our brave frontline workers from COVID-19. I know it hasn’t been easy, which is why we’re working around the clock to provide support for our small business owners. The Michigan Small Business Restart Program is providing much-needed relief to those small businesses and nonprofits hardest hit by the impact of COVID-19 as they work to recover from the pandemic,” said Governor Gretchen Whitmer. “This program puts federal funding to work for Michigan’s small businesses and builds on additional COVID-19 business relief efforts offered by the MEDC to create a strong foundation for Michigan’s long-term economic recovery.”
Approved in July, the Michigan Small Business Restart Program allocated $100 million of federal CARES Act funding to provide support to Michigan’s small businesses and nonprofits that are reopening and have experienced a loss of income as a result of the COVID-19 crisis. The funding was distributed across 15 local or nonprofit economic development organizations (EDOs) covering all 83 counties in the state for grants up to $20,000 to support certain small businesses and nonprofits that have realized a significant financial hardship as a result of the COVID-19 pandemic.
As of September 10, $69 million in grants have been awarded, with all remaining grants to be awarded by September 30, 2020 and reported by mid-October. At least 72,950 jobs have been retained for Michigan workers through these initial grant awards. Of the businesses to receive an award to date, 3,030 reported as minority-owned, 4,365 reported as woman-owned, and 550 reported as veteran-owned, with some businesses selecting multiple categories. At least 30 percent of the funds awarded under the program were required to be provided to women-owned, minority-owned or veteran-owned eligible businesses, and all EDOs are on track to meet, or exceed, this requirement in the awards being made.
“The Michigan Small Business Restart Program is providing a significant opportunity to address immediate needs of small businesses and nonprofits as they work to recover from the impacts of COVID-19,” said Michigan Economic Development Corporation CEO Mark A. Burton. “We are proud to work with our economic development partners to deliver these vital financial resources and create a path toward economic recovery for small businesses throughout Michigan.”
The grants under the Michigan Small Business Restart Program may be used as working capital to support payroll expenses, rent, mortgage payments, utility expenses or other similar expenses.
Facial spa Skin Bar VII of Detroit was awarded a grant through the Detroit Economic Growth Corporation, and the funds have helped the newly-opened business weather the COVID-19 pandemic and put them in a position to hire more employees in the future, according to owner Sevyn Jones.
“Skin Bar VII opened late last year on Detroit’s Avenue of Fashion,” Jones said. “We were just hitting our stride when the COVID-19 crisis hit. We have been blessed to received funding from both relief grant programs. As a result, we are open today both online and at our store on Livernois practicing newly implemented cleaning, health and safety regulations. As our customer traffic increases, we are looking to hire additional employees as we adjust to the new normal.”
To qualify for grant support, businesses had to meet the following criteria, based on statutory requirements for the program:
Selected EDOs were responsible for reviewing applications of small businesses in their region and ultimately determining grant awards through the program. Each EDO established a review committee that could include representatives from local workforce agencies, local SBDC representatives, business and nonprofit leaders, among others. The full list of EDOs administering Michigan Small Business Restart grants, the counties they served, and the number of businesses supported is below.
To see the full list of businesses that were awarded Restart grants as of September 10, 2020, visit here.
Paint a Pot, a paint-your-own pottery shop in Holland, was awarded a $20,000 grant, and owner Kerri DeVries said the funds could not have come at a better time.
“Our local pottery shop was hit hard by spring shutdowns brought on by COVID-19,” DeVries said. “The Michigan Restart Grant is exactly what our company needed to jump-start our recovery. This funding will allow us to serve more customers by extending our hours, adding staff, and utilizing more space in our building – just in time for our busy holiday season.”
The Michigan Small Business Restart Program is modeled after the Michigan Small Business Relief Program, approved on March 19 by the Michigan Strategic Fund to support small businesses impacted by the COVID-19 crisis.
The Michigan Small Business Relief Program consisted of a total of $20 million aimed at supporting businesses in need of immediate relief. The program included $10 million that was distributed to 15 local EDOs to provide grants up to $10,000 to certain small businesses impacted by COVID-19. Additionally, the program authorized $10 million for small business loans of not less than $50,000 and not more than $100,000 to eligible borrowers impacted by COVID-19 that were not able to seek alternative, suitable financing.
Prior to today’s announcement, the MEDC had launched 19 COVID-19 relief and recovery programs expected to support up to 10,000 businesses in the state and helping to retain more than 21,000 jobs across all 83 counties. To learn more about MEDC’s COVID-19 response programs and the impact they are having on economic recovery efforts, visit michiganbusiness.org/covid19response. Other resources for economic reopening efforts as well as businesses across Michigan struggling with economic losses as a result of the COVID-19 virus can be found online at michiganbusiness.org/covid19.
About Michigan Economic Development Corporation (MEDC)
The Michigan Economic Development Corporation is the state’s marketing arm and lead advocate for business development, job awareness and community development with the focus on growing Michigan’s economy. For more information on the MEDC and our initiatives, visit www.MichiganBusiness.org. For Pure Michigan® tourism information, your trip begins at www.michigan.org. Join the conversation on Facebook, Instagram, LinkedIn and Twitter.
“Over the past six months, small business owners who have spent their entire lives building their businesses have made incredible sacrifices to protect their communities and our brave frontline workers from COVID-19. I know it hasn’t been easy, which is why we’re working around the clock to provide support for our small business owners. The Michigan Small Business Restart Program is providing much-needed relief to those small businesses and nonprofits hardest hit by the impact of COVID-19 as they work to recover from the pandemic,” said Governor Gretchen Whitmer. “This program puts federal funding to work for Michigan’s small businesses and builds on additional COVID-19 business relief efforts offered by the MEDC to create a strong foundation for Michigan’s long-term economic recovery.”
Approved in July, the Michigan Small Business Restart Program allocated $100 million of federal CARES Act funding to provide support to Michigan’s small businesses and nonprofits that are reopening and have experienced a loss of income as a result of the COVID-19 crisis. The funding was distributed across 15 local or nonprofit economic development organizations (EDOs) covering all 83 counties in the state for grants up to $20,000 to support certain small businesses and nonprofits that have realized a significant financial hardship as a result of the COVID-19 pandemic.
As of September 10, $69 million in grants have been awarded, with all remaining grants to be awarded by September 30, 2020 and reported by mid-October. At least 72,950 jobs have been retained for Michigan workers through these initial grant awards. Of the businesses to receive an award to date, 3,030 reported as minority-owned, 4,365 reported as woman-owned, and 550 reported as veteran-owned, with some businesses selecting multiple categories. At least 30 percent of the funds awarded under the program were required to be provided to women-owned, minority-owned or veteran-owned eligible businesses, and all EDOs are on track to meet, or exceed, this requirement in the awards being made.
“The Michigan Small Business Restart Program is providing a significant opportunity to address immediate needs of small businesses and nonprofits as they work to recover from the impacts of COVID-19,” said Michigan Economic Development Corporation CEO Mark A. Burton. “We are proud to work with our economic development partners to deliver these vital financial resources and create a path toward economic recovery for small businesses throughout Michigan.”
The grants under the Michigan Small Business Restart Program may be used as working capital to support payroll expenses, rent, mortgage payments, utility expenses or other similar expenses.
Facial spa Skin Bar VII of Detroit was awarded a grant through the Detroit Economic Growth Corporation, and the funds have helped the newly-opened business weather the COVID-19 pandemic and put them in a position to hire more employees in the future, according to owner Sevyn Jones.
“Skin Bar VII opened late last year on Detroit’s Avenue of Fashion,” Jones said. “We were just hitting our stride when the COVID-19 crisis hit. We have been blessed to received funding from both relief grant programs. As a result, we are open today both online and at our store on Livernois practicing newly implemented cleaning, health and safety regulations. As our customer traffic increases, we are looking to hire additional employees as we adjust to the new normal.”
To qualify for grant support, businesses had to meet the following criteria, based on statutory requirements for the program:
- Is a business or nonprofit with fewer than 50 employees that can demonstrate it is affected by the COVID-19 emergency
- Needs working capital to support eligible expenses
- Demonstrates an income loss as a result of the COVID-19 emergency
Selected EDOs were responsible for reviewing applications of small businesses in their region and ultimately determining grant awards through the program. Each EDO established a review committee that could include representatives from local workforce agencies, local SBDC representatives, business and nonprofit leaders, among others. The full list of EDOs administering Michigan Small Business Restart grants, the counties they served, and the number of businesses supported is below.
To see the full list of businesses that were awarded Restart grants as of September 10, 2020, visit here.
Paint a Pot, a paint-your-own pottery shop in Holland, was awarded a $20,000 grant, and owner Kerri DeVries said the funds could not have come at a better time.
“Our local pottery shop was hit hard by spring shutdowns brought on by COVID-19,” DeVries said. “The Michigan Restart Grant is exactly what our company needed to jump-start our recovery. This funding will allow us to serve more customers by extending our hours, adding staff, and utilizing more space in our building – just in time for our busy holiday season.”
The Michigan Small Business Restart Program is modeled after the Michigan Small Business Relief Program, approved on March 19 by the Michigan Strategic Fund to support small businesses impacted by the COVID-19 crisis.
The Michigan Small Business Relief Program consisted of a total of $20 million aimed at supporting businesses in need of immediate relief. The program included $10 million that was distributed to 15 local EDOs to provide grants up to $10,000 to certain small businesses impacted by COVID-19. Additionally, the program authorized $10 million for small business loans of not less than $50,000 and not more than $100,000 to eligible borrowers impacted by COVID-19 that were not able to seek alternative, suitable financing.
Prior to today’s announcement, the MEDC had launched 19 COVID-19 relief and recovery programs expected to support up to 10,000 businesses in the state and helping to retain more than 21,000 jobs across all 83 counties. To learn more about MEDC’s COVID-19 response programs and the impact they are having on economic recovery efforts, visit michiganbusiness.org/covid19response. Other resources for economic reopening efforts as well as businesses across Michigan struggling with economic losses as a result of the COVID-19 virus can be found online at michiganbusiness.org/covid19.
About Michigan Economic Development Corporation (MEDC)
The Michigan Economic Development Corporation is the state’s marketing arm and lead advocate for business development, job awareness and community development with the focus on growing Michigan’s economy. For more information on the MEDC and our initiatives, visit www.MichiganBusiness.org. For Pure Michigan® tourism information, your trip begins at www.michigan.org. Join the conversation on Facebook, Instagram, LinkedIn and Twitter.
Are you looking for a shipping solution? Maybe you need to change freight carriers? Find out what the hard working and reliable people at Team Worldwide can do over land, sea and air
