Pure Michigan Small Business Relief Initiative
The Pure Michigan Small Business Relief Initiative will provide federal CARES Act funding for $10 million in grants to meet the urgent need of Michigan small businesses disproportionately impacted the COVID-19 virus. Applications for businesses to apply will open on December 15, 2020.
These federal CARES Act dollars were distributed by the U.S. Department of Housing and Urban Development to the Michigan Community Development Block Grant program. To qualify for grant support, businesses must meet eligibility criteria including but not limited to:
- Being a business in one of the targeted industries
- Must be in compliance with all State and local orders related to COVID-19, including, but not limited, to the Michigan Department of Health and Human Services
- Be a for-profit entity (i.e., a sole proprietorship, partnership, corporation, or LLC)
- Have a physical establishment in the Michigan County of Application and is NOT a home-based business
- Provide goods or services to multiple clients or customers
- Have an active and valid state license(s)/registration(s), if applicable
- Business or Business owner has not filed for bankruptcy in the last 10 years
- Can identify a need for payroll, rent or mortgage payments, and/or utility expenses necessary to continue/restart business operations relative to the total grant amount
- Had annual gross revenues in 2019 greater than $25,000
- Has at least two employees, including the owner(s)
- Has fewer than 50 employees (including full-time, part-time, and owner(s) on a world-wide basis)
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