Approved in July, the Michigan Small Business Restart Program allocated $100 million of federal CARES Act funding to provide support to Michigan’s small businesses and nonprofits that are reopening and have experienced a loss of income as a result of the COVID-19 crisis.
More than 11,300 small businesses and nonprofits across Michigan have been awarded $69 million in grants by local economic development organizations as of September 10, 2020 through the Michigan Small Business Restart Grant Program. At least 72,950 jobs have been retained for Michigan workers through the initial grant awards.
MEDC will annouce the second round of Restart grants awarded in mid-October. For questions regarding your submitted Restart grant application, please contact the local economic development organization that covers the county in which your business is located.
Selected EDOs were responsible for reviewing applications of small businesses in their region and ultimately determining grant awards through the program. The full list of EDOs administering Michigan Small Business Restart grants and the counties they serve is below.
Of the businesses to receive an award to date, 3,030 reported as minority-owned, 4,365 reported as woman-owned, and 550 reported as veteran-owned, with some businesses selecting multiple categories. At least 30 percent of the funds awarded under the program were required to be provided to women-owned, minority-owned or veteran-owned eligible businesses, and all EDOs are on track to meet, or exceed, this requirement in the awards being made.
Partnering Local Economic Development Organizations
The Michigan Strategic Fund approved the distribution of grant funding across 15 local or nonprofit economic development organizations (EDOs) covering all 83 counties in the state. Participating EDOs are listed below.
Applications were open to businesses and nonprofits with 50 or fewer employees, worldwide, located in Michigan. Businesses had to also demonstrate the following:
Grants must be used for expenditures made between March 1, 2020 and December 30, 2020 that meet the following criteria:
Please review the following for more information:
The Michigan Small Business Restart Program is modeled after the Michigan Small Business Relief Program, approved on March 19 by the Michigan Strategic Fund to support small businesses impacted by the COVID-19 crisis.
Under the Michigan Small Business Relief grant program, local EDOs selected more than 2,700 businesses across the state covering all 83 counties that received grant support expected to retain approximately 11,000 jobs. To date, more than 130 small business loans totaling more than $8 million have also been approved.
The Michigan Strategic Fund also approved the $15 million Michigan Agricultural Safety Grant Program to support the needs of Michigan’s agricultural processors and farms. The program supports the implementation of COVID-19 monitoring and mitigation strategies to protect agricultural employees and the state’s overall food production industry. For more information, visit: https://www.michiganbusiness.org/agsafety/.