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As communities across Michigan face budget uncertainties due to unanticipated costs associated with COVID-19, the Michigan Economic Development Corporation (MEDC) has made available $20 million in federal Community Development Block Grant (CDBG) CARES Act funding to 77 non-entitlement counties to provide economic relief. Funds may be used to reimburse for unbudgeted expenditures by counties to prevent, prepare for, and respond to the Coronavirus.
The Michigan Strategic Fund has approved modifications to the BAF to provide greater support to business accelerators in Michigan’s Statewide SmartZone network that serve startups and high-tech companies impacted by COVID-19. SmartZone services can be accessed at Houghton/Hancock MTEC, Marquette SmartZone Innovate Marquette and Sault Ste. Marie SmartZone/Sault Ste. Marie EDC
These funds are available to businesses in Marquette County to help alleviate sudden and severe economic dislocation caused by COVID-19.
Beginning in early 2020 as part of the first COVID-relief law, businesses with fewer than 500 employees were required to provide paid sick leave and paid family leave to employees who were dealing with certain consequences of the ongoing pandemic.
Under the law, businesses may be entitled to a tax credit equal to 100% of the paid sick leave and paid family leave provided to employees, up to a certain level.
How do I get a quick loan to tide my business over?
Express Bridge Loan Pilot Program
How can I receive economic relief for a temporary loss of revenue?
Economic Injury Disaster Loan Program
For more information, please contact your Local Economic Development representative.
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Last Updated 6/21
