We are going to always update these pages as more sources become readily available. When you have questions or need to talk with MEDC immediately, kindly phone 888.522.0103.
COVID-19 publication Stay updated on important info about small company relief applications for COVID-19.
COVID-19 Funds & Methods for Michigan Companies
Cafe Revitalization Investment
The United states Rescue program Act demonstrated the Restaurant Revitalization Fund to give capital to assist diners as well as other qualified companies keep their unique doors available. The program will offer restaurants with financial support add up to their particular pandemic-related income loss doing ten dollars million per business with no over $5 million per real area. Registration opens April 30, 2021 utilizing the software orifice may 3.
Michigan SBDC Keep Coming Back Package
The reappearance Kit is perfect for Michigan small business owners that are trying to return from influences and negative effects of the pandemic. This reading component will help small enterprises to gauge their own financials, understand in which these are generally today, and identify what they need to complete to obtain much healthier the next day.
Paycheck Security System
The salary defense regimen (PPP) provides loans to simply help people keep their workforce applied while in the COVID-19 problems. The U.S. home business government is actually taking strategies making use of salary Protection plan to advance advertise equitable comfort for your littlest small enterprises.
Staff Preservation Tax Credit (ERTC)
The Internal sales Service urges businesses to use the newly-extended staff member storage credit score rating, designed to create more relaxing for companies that, despite problems posed by COVID-19, decide to keep their staff from the payroll online title loans LA.
MI signs and symptoms try a free of charge software which will help businesses, education, alongside businesses across Michigan quickly comply with sign assessment requisite while maintaining their own companies safer. Staff members, college students, and users just take everyday internet surveys about what signs and symptoms they’re having, and directors can quickly find out if any people are at-risk for COVID-19 and grab organization symptom review lead research.
COVID-19 Place Of Work Security Assistance
Find employee office security tools such as posters, videos, truth sheets and market particular requisite, plus rules and details from MIOSHA.
Governor Gretchen Whitmer’s MI secured begin Arrange describes exactly how Michigan will quickly re-engage while continuing maintain our forums safer. Re-engagement can happen in stages and people companies that are necessary to protect and maintain lifetime are usually open.
PMBC COVID-19 Procurement System
Supporting neighbors in need while assisting create home based business within Michigan. This product can help origin PPE components for organizations re-opening after the COVID-19 episode.
A trio of Bay county pols continuing their own campaign to terminate around $50,000 of federal student loan obligations went into opposition on Tuesday from pros who cautioned a widespread wipeout could finish gaining most well-off consumers.
U.S. Sen. Elizabeth Warren, U.S. Rep. Ayanna Pressley and condition attorneys standard Maura Healey once again also known as on President Biden to utilize his executive expert to broadly cancel student loan financial obligation as they testified during a Senate subcommittee hearing Warren chaired on Tuesday.
“America is dealing with a student loan times bomb that, if it explodes, could toss countless family members over a monetary cliff,” Warren stated, observing around 43 million People in america owe significantly more than $1.7 trillion in figuratively speaking.
Pressley stated broad termination is “one quite effective tactics” to combat the nation’s pandemic-induced financial crisis.
But U.S. Rep. Byron Donalds, R-Fla., who’s repaying student education loans themselves, blasted their unique drive as a “political ploy meant to hold Democrats in power.”
Dominique Baker, an assistant training policy professor at Southern Methodist University, observed the racial disparities in student loan repayment, citing exactly how 4% of white students defaulted on their debts versus 21% of dark graduates.
But Constantine Yannelis, a college of Chicago associate money professor, mentioned wide forgiveness “is not the way to close” the racial money space, keeping in mind it could charge $1.7 trillion to shrink the gap by 3per cent.