Governor Gretchen Whitmer on Wednesday announced a new $409 million grant program starting March 1 that will provide additional financial support to help create or keep jobs.
“This program will support Michigan businesses that have been impacted by COVID-19 and help us build on our economic momentum,” Whitmer said. “I am focused on putting the people of Michigan first and growing Michigan’s economy as we work together to leverage our $7 billion surplus and invest in the issues that matter most to families. . Right now, Michigan’s resilient and innovative small businesses need support, and we should continue to support them as they strive to expand their businesses and create more jobs.
Businesses eligible for the program could receive a portion of their loss in total state sales through a grant of up to $5 million.
“The Treasury is committed to ensuring that these payments are received by eligible businesses,” said state treasurer Rachael Eubanks. “We are working with our business and community partners to ensure that potential applicants are aware of this funding opportunity. I encourage companies to check if they are eligible for a grant.
Businesses must complete the online application through the state treasury office by March 31. Grant winners will be notified in the spring and prizes will be distributed by July 1.
The app will be available March 1 on the Afflicted Business Relief website.
Residents can register for a webinar on the grant program website.