FINANCIAL SUPPORT
We know you're thinking about how to manage your business through this crisis,
here are some things that we hope will help.
here are some things that we hope will help.
GRANTS & LOANS |
TAX RELIEF |
The Michigan Small Business Relief Program will provide up to $20 million in support for small businesses negatively impacted by COVID-19. The funding is divided between $10 million in small business grants and $10 million in small business loans to support businesses facing drastic reductions in cash flow and the continued support of their workforce. Funds for the program are expected to be available no later than April 1, 2020.
|
The SBA Economic Injury Disaster Loans are now available for Michigan businesses. Please click here to review the application details and requirements. As a reminder, there are credit requirements: a credit history acceptable to SBA and applicants must show the ability to repay the loan. Follow the link below to start your application.
|
|
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.
We've chosen a few hot topics below, for the full slate of unemployment related resources visit the State of Michigan.
We've chosen a few hot topics below, for the full slate of unemployment related resources visit the State of Michigan.
UNMET
|
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.
|
FMLA BENEFITSLearn more about the expanded coverage provided for covered employees under the Family Medical Leave Act, and the tax credit provided to employers.
|
WORK
|