Relevant Business Resources

Financial assistance and support

FOR: 77 non-entitlement counties in Michigan

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.

FOR: Previous MSF Awardees
The MSF Awardee Relief Initiative program authorizes emergency relief to businesses and community projects that have previously received grants, loans, or other forms of economic assistance from the Michigan Strategic Fund.
FOR: Suppliers of PPE-related equipment
Does your business have Personal Protective Equipment (PPE) that can support organizations responding to the COVID-19 (Coronavirus) outbreak? Click here to be included in the list of suppliers.
FOR: Early stage tech companies

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

U.P. programs

FOR: Businesses in Marquette County

These funds are available to businesses in Marquette County to help alleviate sudden and severe economic dislocation caused by COVID-19.

Internal Revenue Services

FOR: Employers who are closed, partially closed or experiencing significant revenue losses
Employee Retention Credit, designed to encourage businesses to keep employees on their payroll. The refundable tax credit is 50% of up to $10,000 in wages paid by an eligible employer whose business has been financially impacted by COVID-19.
FOR: Employers with less than 500 employees that offered paid sick or familly leave after April 1, 2020 and had employees take paid leave due to illness, quarantine, or caregiving.

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.

Federal Programs and Resources

Small Business Administration (SBA) Programs