Financial Assistance

Financial assistance and support

State of Michigan Programs

FOR: Businesses disproportionately impacted by COVID-19 and the MDHSS Gathering and Face Mask Order in various targeted industries

This application is now closed.

In an effort to continue to support small businesses, the Michigan Small Business Survival Grant Program will provide funding to eligible small businesses disproportionately impacted by COVID-19 and the Gatherings and Mask Order issued by the Michigan Department of Health and Human Services on December 7, 2020 through December 20, 2020 and the order taking effect on November 18, 2020 that is rescinded and replaced. $2.5 million is allocated to U.P. small businesses.

FOR: Employees impacted by the MDHHS Gathering and Face Mask Order of November 18, 2020, in various industries

This application is now closed.

The Michigan Restaurant & Lodging Association is administering grants up to $1,650 to employees that were impacted by the MDHHS Gathering and Face Mask Order of November 18, 2020. Eligible industries include restaurants, hotels, motels, bed & breakfasts, resorts, bars, food trucks, bowling alleys, theaters, nightclubs, golf courses, banquet halls, caterers, casinos, cafeterias and other impacted industries. A total of $45 million is available.

FOR: Small business in targeted hospitality, tourism, and fitness industries

This application is now closed. Small business grantees will be notified of awards early January 2021.

The Pure Michigan Small Business Relief Initiative will utilize federal CARES Act funding to provide $10 million in grants to small businesses. $500,000 of the grant has been allocated to Upper Peninsula businesses. Grantees will be notified in early January 2021 and funds will be disbursed by Michigan Municipal League Foundation in mid-late January. Learn more here.

FOR: Employers with less than 250 employees or less that come under the jurisdiction of MIOSHA

DEADLINE: Ongoing

MIOSHA is awarding qualifying employers for a dollar-for-dollar match up to $5,000 to purchase safety and health-related equipment and equipment-related training to create a safer and healthier work environment.

FOR: 77 non-entitlement counties in Michigan

DEADLINE: Ongoing

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

DEADLINE: Ongoing

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

DEADLINE: Ongoing

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

DEADLINE: Ongoing

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

DEADLINE: Ongoing

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

DEADLINE: Ongoing

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.