New Grant Program to Bolster Relief for Michigan Businesses
Impacted by the COVID-19 Public Health Emergency
The Michigan Department of Treasury is administering a $409 million business grant relief program designed to help certain Michigan businesses that have experienced a financial hardship due to the COVID-19 public health emergency.
Under the Afflicted Business Relief Grant Program, eligible businesses in operation before Oct. 1, 2019, may receive a percentage of their loss in total state sales through a grant. Eligible businesses that began operating between Oct. 1, 2019, and June 1, 2020, may receive a grant equal to 25 percent of certain specified costs.
Businesses must submit an online application no later than 11:59 p.m. EST Thursday, March 31. Businesses interested in applying are encouraged to attend one of the following informational webinars hosted by the state Treasury Department scheduled for March 7.