Michigan Business Grant

Dear Michigan Business Owners,

The State of Michigan just announced $100 million of new funding to support Michigan Businesses impacted by the COVID-19 pandemic. Applications will open on July 15, 2020.

Grant Eligibility:

Businesses and nonprofits with 50 or fewer employees, worldwide, located in Michigan who have NOT received a grant under the Michigan Small Business Relief Program (MSBRP) are eligible to apply. Businesses must also demonstrate the following:

  • Part of an industry or nonprofit that can demonstrate it has been impacted by the COVID-19 emergency
  • Needs working capital to support payroll expenses, rent, mortgage payments, utility expenses or other similar expenses
  • Demonstrates an income loss as result of the COVID-19 emergency as determined by the Michigan Strategic Fund (MSF).

Additionally, at least 30 percent of the funds awarded under this program will be provided to women-owned, minority-owned or veteran-owned eligible businesses. The MEDC anticipates that more than 5,000 businesses across the state will benefit from this program.

Click here for more information.

As always, feel free to contact your H&S professional with questions!

 

Small Business Restart Grants Approved by the Legislature

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 soonThe Michigan Chamber will keep members up to date on developments.

The Latest from H&S

We have some urgent news regarding the PPP / ERTC / EIDL, as well as an update on our H&S Cares Matching Program benefiting the Food Bank Council of Michigan, and our stance on social injustice and racism. Click the image below to read our June Newsletter!

The Latest from H&S:

As we do our best to keep up-to-date with the ever-changing situation, we thought we’d put it all together in a newsletter. Click the image below to read up on the latest on Economic Impact Rebates, Financial Advice, Re-opening plans, a special fundraiser, and more!

 

Click here to view PDF

Loan Forgiveness Guide

Looking for a list of what you “must know” and “must do” in order to qualify for full payroll protection program loan forgiveness? Click on the image below to download a PDF of our PPP Loan Forgiveness Guide.

Governor Whitmer Takes Step to Make Child Care Affordable & Accessible

Dear Child Care Providers,

We encourage you to check out this press release from Governor Whitmer and Michigan.gov today regarding a $130 Million investment in child care, to make it more affordable and accessible during the Coronavirus pandemic. There will be an online application for the grant at www.michigan.gov/childcare. Please see below for the full release:

As always, please feel free to contact your H&S professional with any questions about how this might impact you.

Haven’t Received Your Stimulus Payment?

If you haven’t received your Economic Impact payment yet, you’re not alone. There is a way to check on its status, though! Check out the ‘Get My Payment‘ tool on IRS.gov and enter the required information.

There are also answers to commonly asked questions on their Economic Impact Payment Information Center page.

U.S. Chamber Funds Applications Closed

We are sorry to report that the U.S. Chamber of Commerce has closed applications for their ‘Save Small Business Fund.’ Due to an overwhelming response, they have reached their capacity for the fund, and are no longer taking applications at this time.

If you were not able to apply for the grant, please check out their other resources by clicking here.

As always, please know that we are here for you, and available to answer your questions. Keep checking our News page, as we will keep it updated with new information as we get it!

U.S. Chamber “Save Small Business Fund’

Dear Friends,

If you own a small business you may qualify for a grant from the U.S. Chamber of Commerce. The U.S. Chamber of Commerce is working to provide financial relief to small businesses affected by COVID-19. The Save Small Business Fund will offer $5,000 grants that provide short-term relief for employers across the United States. These grants are available for businesses with 3 to 20 employees, in certain zip codes.

The application will go live Monday, April 20 at 3:00 PM EST. To find out if your area qualifies and to apply, click the ‘Save Small Business Fund’ link above.

Thank you to our friends at the Muskegon Lakeshore Chamber of Commerce for making us aware of the fund!

 

IRS Payment Status Website

Dear Friends,

We wanted to let you know that there is now a place on the IRS website where you can login to check on payment status, payment type, or whether they require more information from you, including bank account information.

Click the link below to check it out:

https://www.irs.gov/coronavirus/get-my-payment

You may need:

  • 2019 return if filed
  • 2018 return

You may be asked for: SSN, DOB, address

As always, feel free to reach out to us with questions. We are here for you!