By K.D. Norris
From the Wyoming-Kentwood Area Chamber of Commerce, to the regional business advocate The Right Place, to the Governor, small businesses severely impacted by COVID-19 and related governmental restrictions are being urged — strongly urged — to waste no time in applying for the Michigan Small Business Survival Grant Program.
The $55 million grant program, signed into law late last year but approved for funding by the Michigan Strategic Fund last week, is open for businesses to apply starting today, Jan. 19, but closing at noon Friday. Jan. 22.
According to a statement from the local chamber of commerce, “the $55 million Michigan Small Business Survival Grant program (is designed) to meet the urgent need of Michigan small businesses that have experienced a significant financial hardship” due to the recent COVID-19 emergency “gatherings and face mask orders” and those orders either forcing the closing a small business or the significant reduction in revenue.
“Grants of up to $20,000 will be awarded to businesses that are fully closed, with grants of up to $15,000 awarded to businesses that have been partially closed, or otherwise are open and can demonstrate an impact,” Bob O’Callaghan, president/CEO of the Chamber, said in the statement. “All applications received during this period will be reviewed and scored according to predetermined criteria. Funding is not first come, first serve.”
To apply and for more information, visit michiganbusiness.org/survival/.
Local grants facilitated through The Right Place
The Grand Rapids based economic development organization (EDO) The Right Place, Inc., is assisting the state’s Michigan Economic Development Corporation (MEDC) in facilitating grants to businesses in 11 West Michigan counties affected by COVID-19.
According to a statement from The Right Place, it will be coordinating the distribution of $5.25 million to business applicants from Kent, Barry, Ionia, Mason, Mecosta, Montcalm, Muskegon, Newaygo, Oceana and Osceola counties.
“West Michigan’s small businesses continue to be critically impacted by the COVID-19 pandemic,” Birgit Klohs, president and CEO of The Right Place, Inc., said in supplied material. “As we approach nearly a year of navigating this pandemic the demand for assistance remains high, and the Survival Grants will offer a needed financial lifeline to small business throughout our region.”
According to The Right Place statement, businesses must meet eligibility requirements including having had 1 to 100 employees (including full-time, part-time and owner/employees) on a worldwide basis on Nov. 17, 2020; be 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; and can demonstrate an income loss as a result of the state health orders “as determined by the EDO in which an eligible business is located” — for local businesses, The Right Place.
Local small businesses, to qualify, also must not be a live music and entertainment venue that is eligible for the separate Michigan Stage Survival Grant Program.
(The $3.5 million Michigan Stages Survival Grant Program will provide up to $40,000 in one-time grants to eligible Michigan live music and entertainment venues that have experienced a significant financial hardship due to the COVID-19 pandemic. For more information visit michiganbusiness.org/stages/.)
“The Michigan Small Business Survival Grants Program will help small businesses throughout Michigan hardest hit by the impact of COVID-19, especially as they continue to experience additional strain in the winter months,” Gov. Gretchen Whitmer said in supplied material. “This program provides a significant opportunity to address the immediate needs of these businesses, and I strongly encourage all eligible businesses to apply for assistance.”
The state also advises applicants that an electronic queue system will also be in effect with businesses entering the queue prior to entry into the application. Businesses will be able to sign up to receive an alert when they have reached the front of the queue with 15 minutes to start the application once they have been notified that they have reached the front of the queue.
