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. 

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.

MEDC GRANTS & LOANS

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. 
​

SBA LOAN

STATE OF MICHIGAN - SUW
Department of Treasury is waiving penalty and interest for the late payment of tax or the late filing of the SUW return due on March 20, 2020. The waiver will be effective for a period of 30 days; therefore, any return or payment currently due on March 20, 2020 may be submitted to the Department without penalty or interest through April 20, 2020. 

waiver notice

​FEDERAL - INCOME TAXES
Individual and corporate taxpayer now have an additional 90 days to pay their taxes. Taxpayers will have until July 15, 2020 to pay the taxes owed but a tax return or an extension must be filed by April 15.
This applies only to Federal income tax payments (including payments of tax on self-employment income) due on April 15, 2020, for the 2019 taxable year, and Federal estimated income tax payments (including payments of tax on self-employment income) due on April 15, 2020, for an Affected Taxpayer’s 2020 taxable year.

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.

UNMET
​NEEDS

if 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.  

LAYOFFS

if 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.  

unemployment options

FMLA BENEFITS

Learn more about the expanded coverage provided for covered employees under the Family Medical Leave Act, and the tax credit provided to employers. ​

FMLA PROGRAM

WORK
​SHARE

The state of Michigan supports employers who can keep workers on by paying part of their wages. Learn more by following the link below. 

work share fact sheet