Business Economic Relief & COVID-19 Resources

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Please see the resources below to help businesses and workers that may have hardships due to the closings that are taking place to prevent the spread of the Coronavirus.  As Cascade Township receives tool kits and resources to help businesses, we will pass them along to you.  

1. Michigan Small Business Survival Grant Program - The Michigan Economic Development Corp. (MEDC) plans to open applications for $58.5 million in grant funding to aid small businesses and entertainment venues that were impacted by the COVID-19 pandemic.  Application will open January 19 at 9am EST at www.michiganbusiness.org/survival.   The application period closes Friday, January 22 at 12:00 p.m. (noon).
 
The Michigan Small Business Survival Grant Program will provide $55 million in grants to meet the urgent need of Michigan small businesses that have experienced a significant financial hardship due to the recent COVID-19 emergency “gatherings and face mask orders.” Grants of up to $20,000 will be awarded to businesses that are fully closed, with grants of up to $15,000 awarded to businesses that have been partially closed, or otherwise are open and can demonstrate an impact.
 
 The Michigan Stages Survival Grant Program will provide $3.5 million in grants up to $40,000 in one-time grants to eligible Michigan live music and entertainment venues that have experienced a significant financial hardship due to the COVID-19 pandemic.
 
 2. Paycheck Protection Program - Round 2 - The Paycheck Protection Program is a loan designed to provide a direct incentive for small businesses to keep their workers on the payroll.  You can apply through any existing SBA 7(a) lender or through any federally insured depository institution, federally insured credit union, and Farm Credit System institution that is participating.

3. Pure Michigan Small Business Relief Initiative - The Pure Michigan Small Business Relief Initiative is using federal CARES Act funding to provide $10 million in grants across the state to meet the urgent need of Michigan small businesses disproportionately impacted by the COVID-19 crisis.

Applications for businesses to apply will open on December 15, 2020 and grants will be awarded on a first-come, first-serve basis, so please ensure your businesses are applying as soon as possible when the application opens! Past grants have been exhausted in just minutes because of extremely high interest and demand levels.

Details of the program can be viewed here.

4. Kent County Back to Work - The Kent County Health Department is helping Kent County businesses with 100 employees or fewer through its PPE program. If your business is in need, please click here.  

5. Michigan Economic Development Corporation - For more information regarding the State of Michigan's resources relative to the COVID-19 situation, please click here.  
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