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Economic recovery and relief efforts continue as MEDC prepares to deliver $60 million in additional small business relief in the new year
Governor Gretchen Whitmer signed a bipartisan relief bill today to provide much-needed resources and support for Michigan’s small businesses, families and frontline workers. The legislation includes $55 million to help small businesses impacted by COVID-19; $3.5 million for grants to live music and entertainment venues; and $45 million in direct payments to workers who have been laid off or furloughed as a result of the virus.
In response, Mark Burton, CEO of the Michigan Economic Development Corporation, issued the following statement:
“We saw in December and throughout the year an overwhelming need for additional COVID-19 small business relief funds. Ensuring nearly $60 million in additional relief will make it into the hands of businesses across the state is not only welcome news, but desperately needed. The MEDC stands ready to ensure small businesses and their employees across Michigan can access this critical relief quickly, efficiently and with the greatest impact possible in early 2021.”
In total, the MEDC has launched 21 COVID-19 relief and recovery programs that have supported more than 18,500 businesses across all 83 Michigan counties, helping to retain more than 147,000 jobs for Michigan workers.
To learn more about MEDC’s COVID-19 response programs and the impact they are having on economic recovery efforts, visit michiganbusiness.org/covid19response. Other resources for economic reopening efforts as well as businesses across Michigan struggling with economic losses as a result of the COVID-19 virus can be found online at michiganbusiness.org/covid19.
About Michigan Economic Development Corporation (MEDC)
The Michigan Economic Development Corporation is the state’s marketing arm and lead advocate for business development, job awareness and community development with the focus on growing Michigan’s economy. For more information on the MEDC and our initiatives, visit www.MichiganBusiness.org. For Pure Michigan® tourism information, your trip begins at www.michigan.org. Join the conversation on: Facebook Instagram LinkedIn, and Twitter.