Michigan Small Business Restart Program
The Michigan Strategic Fund (MSF) approved a $100 million program that will provide grants to Michigan small businesses working to recover from the ongoing impacts of the COVID-19 virus, the Michigan Economic Development Corporation announced. Called the Michigan Small Business Restart Program, it will support Michigan’s small businesses that are reopening and have experienced a loss of income as a result of the COVID-19 crisis. Governor Gretchen Whitmer said, “We can further our economic recovery in Michigan by putting federal dollars through the CARES Act to work for the people and businesses across our state through efforts like these grants.”
Partnering Local Economic Development Organizations
The MSF authorized distribution of the funding across 15 local or nonprofit economic development organizations (EDOs) covering all 83 counties in the state; locally, Southwest Michigan First was allocated $7,545,455 to distribute to qualifying small businesses in the seven-county region it serves. At least 30 percent of the funds awarded under the program must be provided to woman-owned, minority-owned, or veteran-owned eligible businesses.
Grant Eligibility and Scoring Criteria
To qualify for grant support, businesses must meet the following criteria, based on statutory requirements for the program:
- Has 50 employees or less
- Is a business or nonprofit that can demonstrate it is affected by the COVID-19 emergency
- Needs working capital to support eligible expenses
- Demonstrates an income loss as result of the COVID-19 emergency
Update for Michigan Small Business Relief Program Grant Recipients
- You are eligible to apply. This is a change to initial communications.
Grants must be used for expenditures made between March 1, 2020 and December 30, 2020 that meet the following criteria:
- Necessary expenditures incurred due to the public health emergency with respect to COVID-19 (such as resulting from employment or business interruptions due to COVID-19)
- Working capital to support payroll expenses, rent, mortgage payments, utility expenses, costs related to reopening a business or nonprofit, or other use authorized under the CARES Act.
Watch This Zoominar to Learn More
On Monday, July 27, Southwest Michigan First CEO and Senior Partner Ron Kitchens, co-hosted an informational session on the program with James Liggins Jr., senior counsel at Warner Norcross + Judd. Watch the Zoominar now.
How to Apply
The Michigan Small Business Restart Program application will go live starting on July 15, 2020 at 9:00 am and close on August 5, 2020 at 11:59 pm. Here’s a link to the Application Questions. Applicants will apply through the portal on the Michigan Economic Development Corporation (MEDC)’s website.
The application on the state website will close on Wednesday August 5, 2020 at 11:59 pm (midnight). THE APPLICATION IS NOW CLOSED.
|Applications Open||July 15, 2020 at 9:00 am|
|Applications Close||August 5, 2020 at 11:59 pm|
|Application Review and Selection||August 30, 2020|
|Notification to Awardees||September 1, 2020 to September 30, 2020|
|Disbursement of Awards||September 1, 2020 to December 30, 2020|
|Announcement of Awardees by MEDC and Southwest Michigan First||September 20, 2020|
Contact Kelsey McKague by email at firstname.lastname@example.org or call at 269.330.4312.
Frequently Asked Questions, Program Guidelines & Resources
- Frequently Asked Questions
- Frequently Asked Questions – Spanish
- Michigan Small Business Restart Program Guidelines
- Southwest Michigan First Interactive Program One-Page PDF
- Press Release: Michigan Small Business Restart Program to provide $100 million in grants for COVID-19 recovery efforts
Last Updated: August 6, 2020 | 01:00 pm