Watch Now

The Rebound West Michigan

Actions

Application for Small Business Relief Initiative grants goes live next week

Government lending program on hold after reaching $349 billion limit
Copyright 2020 The Associated Press. All rights reserved
Paul Sancya/AP
FILE - In this April 2, 2020 file photo, a notice of closure is posted at The Great Frame Up in Grosse Pointe Woods, Mich. The government is closing in on the $349 billion lending limit on its Paycheck Protection Program that is sending relief money to the nation’s small businesses. The Small Business Administration says that it has approved more than 1.6 million loans worth more than $339 billion. The program will likely reach its ceiling Thursday, April 16. (AP Photo/Paul Sancya, File)
Government lending program on hold after reaching $349 billion limit
Posted at 10:37 AM, Dec 11, 2020
and last updated 2020-12-11 10:37:41-05

LANSING, Mich. — Applications for Michigan small businesses to apply for grants of up to $15,000 through the Pure Michigan Small Business Relief Initiative open next week, the Michigan Economic Development Corporation said Friday.

Businesses can begin applying at 9 a.m. on Dec. 15.

The program will utilize $10 million in federal U.S. Housing and Urban Development CARES Act funding to provide economic assistance to small businesses across the state.

Grants will be awarded on a “first-in” basis.

The program is intended to meet the urgent need of Michigan businesses including restaurants and bars, lodging providers, live event venues and movie theaters, conference and meeting facilities, indoor recreation facilities, and gyms and fitness centers.

The program was approved by the Michigan Strategic fund Nov. 30.

Applications and more information can be found here.

Copyright 2020 Scripps Media, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.

The Rebound West Michigan: Resources

Forest View Hospital (sponsor) Asian Pacific American Chamber of Commerce (Michigan) Choose Michigan Farmer Relief Fund Going Pro in Michigan Grand Rapids Chamber Rapid Response Fund Local First Michigan Apprenticeships Michigan Bureau of Labor Market Information and Strategic Initiatives Michigan Career Events Calender Michigan Career Explorer Michigan COVID-19 Mobility Solutions Grant Michigan Department of Treasury Michigan Economic Development Corporation Michigan Emergency Relief Fund nonprofit and cultural grants Michigan Labor Education and Training Michigan Northern Initiatives business loan Michigan Pathfinder student career planner Michigan PPE procurement and donation Michigan Rehabilitation Services Michigan Small Business Development Center Michigan Small Business Relief Program Michigan Strategic Fund Awardee Relief Initiative Michigan Tech Startup Stabilization Fund Michigan Training Connect Michigan Unemployment Insurance Agency Michigan Unemployment Insurance Agency Employee FAQs Michigan Unemployment Insurance Agency Employer FAQs Michigan Unemployment Insurance Agency Toolkit for Claimants Michigan Veterans' Employment Services Michigan Works! Association Michigan Workforce Development Michigan Youth Employment Pure Michigan Talent Connect The Right Place Urban League of West Michigan U.S. Small Business Administration Michigan District Offices West Michigan Asian American Association