MEDC’s Small Business support application is open
Hello again ORAC members, and Michigan outdoor industry partners,
I’m writing today simply to let you know that the process to apply for funding through the Michigan Small Business Relief Program is now open.
The situation, as you know, is changing so quickly that it’s sometimes hard to know when to push the “send’ button on some of these resources, but a few of the deadlines for these specific funds are coming very soon — some within a few days – so I wanted to share them today. These new grants and loans will support businesses facing drastic reductions in cash flow and the continued support of their workforce, and may be used for working capital to support payroll expenses, rent, mortgage payments, utility expenses, or other similar expenses that occur in the ordinary course of business.
This specific program will be administered by 15 local and nonprofit economic development organizations (EDOs) around Michigan. These EDOs are responsible for reviewing applications of small businesses in their region and entering into agreements with eligible small businesses. Each EDO will establish a review committee that may include representatives from local workforce agencies, local SBDC representatives, business and nonprofit leaders, among others. The loans will be coordinated by the EDO’s and then passed through to MEDC.
Links to each of the EDOs administering Michigan Small Business Relief grants and the counties they serve is at the bottom of this email.
Given that these limited funds are likely going to be getting a lot of pressure (read: oversubscribed), it’s also worth keeping up with other programs coming online through the federal government, or new state resources that are being discussed. To help with that, I’ve assembled a few of the sites I’ve found useful in navigating and keeping on the latest programs and economic aid packages:
- MEDC Resources for Michigan Businesses During COVID-19: https://www.michiganbusiness.
- Labor and Economic Opportunity links for Employers: https://www.michigan.gov/
- SBDC’s Supporting Your Small Business During COVID-19: https://sbdcmichigan.org/
- Executive Order 2020-21: Guidance for Business: https://www.michigan.gov/
coronavirus/0,9753,7-406- 98178_98737—,00.html and FAQ’s for determining critical workers: https://www.michigan.gov/ coronavirus/0,9753,7-406- 98178_98455-522631–,00.html
- Small Business Association of Michigan: Covid-19 resources: https://www.sbam.org/
Resources/COVID-19-Resources Michigan Retailers Association resources : https://www.retailers.com/ news/2020/03/covid19/
- 100K Ideas: Resources for small business during Covid-19: https://www.100kideas.org/
In a small bit of positive news worth sharing, it’s also incredible to see some of Michigan’s most iconic outdoor brands transitioning to produce needed personal protective equipment (PPE) for our health care workers, or donating needed gear, including:
- Stormy Kromer is making face masks
- Shaggy’s Skis is making face shields
- Chaco is retrofitting their ReChaco factory operations to aid in the production of protective masks
- Merrell donated 1,200 pairs of shoes to crises responders
I’m sure there are more Michigan outdoor companies either in or entering this space; if you know of any, please share them with me and also send them to the Pure Michigan Business Connect site where such suppliers can be connected to those in need of their PPE: https://pmbc.connect.space/
As promised, here are direct links to the local economic development organizations you’d work with on the new Small Business Relief Funds (depending on your county). I wish you the best, and please feel free to reach out and let me know how you are weathering the storm, and if there are specific tools or resources I can help you navigate.
Counties Covered: Keweenaw, Houghton, Ontonagon, Gogebic, Baraga, Iron, Marquette, Dickinson, Menominee, Alger, Delta, Schoolcraft, Luce, Mackinac, Chippewa
Counties Covered: Emmet, Grand Traverse, Charlevoix, Antrim, Kalkaska, Missaukee, Wexford, Manistee, Benzie, Leelanau
Counties Covered: Otsego, Crawford, Roscommon, Montmorency, Ogemaw, Oscoda
Counties Covered: Iosco, Alcona, Alpena, Presque Isle, Cheboygan
Counties Covered: Barry, Ionia, Kent, Lake, Mason, Mecosta, Montcalm, Muskegon, Newaygo, Oceana, Osceola
Counties Covered: Allegan, Ottawa
Counties Covered: Isabella, Gratiot, Clare, Gladwin
Counties Covered: Arenac, Bay, Midland, Saginaw
Shiawassee, Genesee, Lapeer, St. Clair, Tuscola, Sanilac, Huron
Counties Covered: Clinton, Eaton, Ingham
Counties Covered: Kalamazoo, St. Joseph, Berrien, Calhoun, Van Buren, Cass, Branch
Counties Covered: Livingston, Washtenaw, Hillsdale, Jackson, Lenawee, Monroe
Counties Covered: Oakland
Counties Covered: Macomb
Counties Covered: Wayne County
Brad Garmon, Director
Michigan Office of Outdoor Recreation Industry
525 West Allegan Street, 5th Floor
Lansing, MI 48909-7528
If you enjoyed this post, make sure you subscribe to my RSS feed!
Category: MCBA News