We’ll always update this page much more tools become readily available. When you have any questions or want your website to communicate with MEDC directly, please call 888.522.0103.
COVID-19 Newsletter keep updated on important information connected with home business cure software for COVID-19.
COVID-19 Grants & Budget for Michigan Businesses
Restaurant Revitalization Fund
The American save program Act established the eatery Revitalization account in order to financing to aid restaurants alongside qualified organizations keep her gates open. The program will provide restaurants with investment corresponding to their own pandemic-related profits loss around ten dollars million per companies without more than $5 million per actual location. Subscription starts April 30, 2021 with all the program opening may 3.
Michigan SBDC Come-back System
The Comeback Kit is designed for Michigan small business owners who’re trying to keep coming back through the impacts and negative effects of the pandemic. This training component will help small businesses to gauge her financials, see where they are now, and know what they need to accomplish to have much healthier the next day.
Paycheck Coverage Program
The income Safety system (PPP) supplies financial loans to help companies hold their particular workforce used during COVID-19 problems. The U.S. home business Administration is actually having measures together with the income defense Program to advance market fair cure when it comes to littlest small enterprises.
Personnel Retention Taxation Credit Score Rating (ERTC)
The interior income solution urges employers to take advantage of the newly-extended staff member storage credit, built to allow more relaxing for companies that, despite challenges presented by COVID-19, decide to keep their employees on payroll.
MI problems is actually a no cost software that helps companies, schools, as well as other companies across Michigan effortlessly conform to sign assessment specifications while maintaining their companies secure. Staff, college students, and people bring everyday web surveys on which problems they’re having, and administrators can quickly verify that any folks are at-risk for COVID-19 along with install business symptom study consequences states.
COVID-19 Place Of Work Safety Guidance
Pick worker place of work security info including prints, films, truth sheets and field certain requirement, and additionally procedures and details from MIOSHA.
Governor Gretchen Whitmer’s MI secure Start Plan outlines just how Michigan will quickly re-engage while continuing keeping our very own forums secure. Re-engagement will happen in levels and people companies that are necessary to shield and uphold lives happen to be open.
PMBC COVID-19 Procurement System
Support neighbors in need of assistance while helping generate start up business within Michigan. This product might help origin PPE items for people re-opening following the COVID-19 outbreak.
A trio of Bay State pols continuing her campaign to terminate to $50,000 of federal education loan financial obligation went into weight on Tuesday from pros just who informed a widespread wipeout could finish helping more well-off borrowers.
U.S. Sen. Elizabeth Warren, U.S. Rep. Ayanna Pressley and county attorneys standard Maura Healey again called on President Biden to utilize his executive expert to generally terminate student loan personal debt because they affirmed during a Senate subcommittee reading Warren chaired on Tuesday.
“America try dealing with a student-based loan opportunity bomb that, with regards to explodes, could throw countless individuals over an economic cliff,” Warren said, keeping in mind around 43 million People in the us owe over $1.7 trillion in student education loans.
Pressley stated broad cancellation will be “one of the most extremely successful steps” to fight the nation’s pandemic-induced overall economy.
But U.S. Rep. Byron Donalds, R-Fla., who’s repaying student education loans himself, blasted their drive as a “political tactic supposed to keep Democrats in electricity.”
Dominique Baker, an associate degree plan professor at Southern Methodist institution, observed the racial disparities in education loan payment, citing just how 4per cent of white students defaulted to their financing in comparison to 21percent of Black graduates.
But Constantine Yannelis, an institution of Chicago assistant fund professor, stated wide forgiveness “is not how to nearby” the racial money gap, observing it would costs $1.7 trillion to shrink the space by 3per cent.