Thursday, April 16, 2020

Tech Startup Stabilization Fund Offers Support for Early-Stage Tech Companies During COVID-19 Outbreak

• $3 million fund will provide investment and loan support for Michigan tech startups and companies • Administered by ID Ventures, applications now available for startups across the state at TSSFund.com

Wednesday, April 15, 2020

Pure Michigan Business Connect Grants Support Retooling Efforts of 12 Small Businesses and Nonprofits in Response to COVID-19

• A total of $1 million in grants awarded through PMBC COVID-19 Emergency Access and Retooling Grants program • Immediate funding of up to $150,000 being granted to qualified manufacturers looking to produce supplies needed in response to COVID-19

Tuesday, April 14, 2020

Assistance for communities, small businesses, early stage tech companies impacted by COVID-19 approved by Michigan Strategic Fund

• MSF Awardee Relief Initiative will provide emergency relief to MSF-supported projects • Northern Initiatives loans to increase access to capital for small businesses • Funds awarded to MSU Foundation to support early-stage tech companies

Wednesday, April 8, 2020

National Filters Retooling to Manufacture Healthcare Masks, Respirators with Support from Michigan Strategic Fund

• Harbor Beach filter manufacturer shifts production focus in response to COVID-19 virus, working with medical facilities across Michigan • Company rehiring employees who were laid off due to outbreak

Friday, April 3, 2020

State Expands Support Services Available for Startups, Entrepreneurs in Response to COVID-19

• State expands eligibility for the Business Acceleration Fund (BAF) to help Michigan’s SmartZones support more startups, small businesses, and certain non-tech businesses manufacturing, distributing necessary personal protection equipment

Friday, April 3, 2020

Lt. Governor Gilchrist & former Lt. Governor Calley team up to announce coalition to support small businesses, improve access to federal loans

Launch statewide effort to encourage Michigan businesses to apply for $349 billion SBA Paycheck Protection Program, starting today

Wednesday, April 1, 2020

Pure Michigan Business Connect offering grants to manufacturers looking to retool and produce critical health and human service supplies

• PMBC COVID-19 Emergency Access and Retooling Grants program will provide $1 million in grants to Michigan small businesses and nonprofits • Immediate funding up to $150,000 will be awarded to qualified manufacturers

Friday, March 27, 2020

Application process now live for Michigan Small Business Relief Program funding

• Up to $20 million in grants and loans now available to Michigan’s small businesses impacted by COVID-19 outbreak •Program now accepting applications, with key information available at michiganbusiness.org/covid19

Tuesday, March 24, 2020

Pure Michigan Business Connect updates virtual, statewide matchmaking platform for critical COVID-19 response efforts

• Donations of supplies critical to COVID-19 response efforts now also available on platform • Provides health and human services providers and local municipalities with direct access to suppliers of goods and services

Friday, March 20, 2020

New funding, tools available for Michigan’s small businesses impacted by COVID-19

Small businesses around the state have a growing number of resources available to assist them in recovering from economic losses as a result of the COVID-19 virus.