The Michigan Strategic Fund today approved the $55 million Michigan Small Business Survival Grant program to meet the urgent need of Michigan small businesses that have experienced a significant financial hardship due to the recent COVID-19 emergency “gatherings and face mask orders.” The program was part of Senate Bill 748 signed into law by Governor Whitmer on Dec. 29, 2020.
The application period for the grant will only be open from 9 a.m. on Tuesday, Jan. 19 until Noon on Friday, Jan. 22. Grants of up to $20,000 will be awarded to businesses that are fully closed, with grants of up to $15,000 awarded to businesses that have been partially closed, or otherwise are open and can demonstrate an impact. All applications received during this period will be reviewed and scored according to predetermined criteria. Funding is not first come, first serve.
To apply and for more information, click HERE.
Please let me know if you have any questions.