The Michigan House and Senate approved $100 million to be spent on grants to help small businesses as they reopen. As a continuation of the $10 million Michigan Small Business Relief grant program created back on March 19th, the program will provide grants up to $20,000 to small businesses to help cover payroll, rent, mortgage payments, utility expenses, costs associated with reopening or other uses authorized in the federal CARES Act.
To be eligible for a grant under the program a business must:
- 50 employees or less
- not have received a grant under the old program
- have been negatively impacted by COVID-19
More information on the grant program should become available soon. The Michigan Chamber will keep members up to date on developments.