FINANCIAL SUPPORT
An overview of programs available and where to find additional information and support.
GRANTS & LOANS
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TAX RELIEFEMPLOYEE RETENTION CREDIT
If you have been able to retain some of your employees you may qualify for a federal tax credit against certain employment taxes equal to 50 percent of the qualified wages an eligible employer pays to employees after March 12, 2020, and before January 1, 2021. If you need help assessing if you are eligible for this credit please contact Daniel Yoder at the SBDC (contact info below). Match on Main Grant Awarded Main Street Calumet working in conjunction with the Keweenaw Economic Development Alliance (KEDA) won a grant of $50,000 from the Michigan Economic Development Corporation (MEDC) to support businesses affected by the COVID-19 pandemic. This grant will support nine businesses in our traditional downtown recover from economic injury. Got Questions?
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WORKFORCE RELATIONS
Employers will not be charged for unemployment benefits if their employees become unemployed because of an executive order requiring them to close or limit operations.
LAYOFFSif you've had the difficult task of laying off employees recently or are contemplating it now, review your options on layoffs, temporary leave and work share programs. Follow the link below to a view a presentation on what the state is providing for employers and employees.
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FMLA BENEFITSLearn more about the expanded coverage provided for covered employees under the Family Medical Leave Act, and the tax credit provided to employers.
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WORK-
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UNMET
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