Michigan Small Business Survival Grant
Survival Grant for Detroit Small Businesses
New funds are available to Detroit small businesses as part of the Michigan Small Business Survival Grant Program.
Michigan Strategic Fund approved $58 million in additional state funds to help small businesses. $55 million will go to small businesses that have been disproportionately impacted by the COVID-19 virus and the Gatherings and Mask Order, which was issued by the Michigan Department of Health and Human Services in December 2020. Detroit’s share will be $4 million.
Application for the Survival Grant is live Tuesday, Jan. 19th at 9:00 a.m. through noon Friday, Jan. 22.
Businesses must meet the following eligibility requirements:
- Has 1 to 100 employees (including full-time, part-time and owner/employees) on a world-wide basis on November 17, 2020.
- Is in an industry that demonstrates it is affected by the DHHS epidemic orders.
- Needs working capital to support payroll expenses, rent, mortgage payments, utility expenses, or other similar expenses.
- Can demonstrate an income loss as a result of the Order as determined by the EDO in which an eligible business is located.
- Is not a live music and entertainment venue that is eligible for the Michigan Stage Survival grant program.
- Grants of up to $20,000 may be awarded to eligible businesses that have been temporarily closed; $15,000 may be awarded for eligible businesses that has been partially closed, or are otherwise open and can demonstrate an impact.
- Grants may be used for payroll expenses, rent/ mortgage payments, utility expenses and business-related costs.
- Business that have received funds through the Relief Grant and Restart Grant are eligible to apply for the Survival Grant.
DEGC is one of 15 economic development organizations selected to receive and distribute Survival Grant funds. DEGC staff will evaluate applications, select recipients and distribute grant funds as quickly as possible. Grant recipients will not be awarded on a first-come, first-served basis.
Since the pandemic began in 2020, DEGC has distributed more than $11 million in COVID relief funds to more than 1,700 small businesses in Detroit. More than two-thirds of those businesses are minority owned.
If your business is selected for an award, it is crucial for your business contact to respond in a timely manner to the awarding EDO’s requests for a completed W-9, signed grant contract and any other requested information. Please monitor email regularly.
Please continue to watch this space for new information.
$3.5 Million Available for Live Event Venue Grants
The Michigan Strategic Fund approved a $3.5 million Michigan Stages Survival Grant program to provide relief to live music and entertainment venues that have experienced a significant financial hardship due to the COVID-19 pandemic. The program was part of Senate Bill 748 signed into law by Governor Whitmer on Dec. 29, 2020.
The application period for the grant will open at 9 a.m. on Thursday, Jan. 21 and run through Noon EST on Thursday, Jan. 28.
Grants of up to $40,000 will be awarded to eligible venues. All applications received during the application period will be reviewed by the Michigan Independent Venue and Promoter Association, who will recommend final grant awards to the MEDC by Feb. 28 for disbursement.
Learn more about program guidelines, eligibility requirements and resources to help businesses prepare for the application process ahead of time.