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Michigan Small Business Survival Grant Program to Begin Accepting Applications Tuesday

The State has designated $55 million to implement the Michigan Small Business Survival Grant Program (Program), approved by the Michigan Strategic Fund (MSF).

 

How the Program Will Work

 

The Program will be administered by the Michigan Economic Development Corporation (MEDC) in conjunction with regional Economic Development Organizations (EDO) throughout the state. The MEDC will accept applications beginning at 9:00 a.m. EST on Tuesday, January 19, 2021 and stop at Friday, January 22, 2021 at 12:00 pm EST.  Applications will be submitted through the statewide portal, michiganbusiness.org/survival

 

Grants are not awarded on a first come, first serve basis.  All grants received during the application window will be considered.  Amounts awarded are at the discretion of each EDO administering the grants. The EDOs are responsible for accepting, reviewing and approving applications, awarding and distributing funds to the businesses selected.  

An eligible business that has been temporarily closed may receive up to $20,000 and an eligible business that has been partially closed, or is otherwise open, may receive up to $15,000.

 

For more information on the how to apply, eligibility requirements, industries affected, timelines, and a list of the EDOs overseeing the grant process, visit michiganbusiness.org/survival.

 

Any accounting, business, or tax advice contained in this communication, including attachments and links to outside sources, is not intended as a thorough analysis of specific issues, nor a substitute for a formal opinion, nor was it written to be used to avoid tax related penalties.

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