Michigan Economic Development Corporation:
Small Business Relief Program Grants
The State of Michigan has announced a grant program totaling $10 million statewide. The Upper Peninsula applied for $1 million and received $500,000 total to available businesses across the U.P. It is estimated that Chippewa County will receive about $35,000 to distribute to qualified businesses. To qualify for this, program your business must meet these fundamental criteria:
Does your company have 50 or fewer employees?
Does your company need working capital to support payroll, rent, mortgage payments, utility expenses, or other similar expenses that occur in the ordinary course of business?
Can your company demonstrate an income loss resulting from an Executive Order and/or the COVID-19 outbreak?
Applications are due by April 5, 2020. Please forward the completed application to the EDC at firstname.lastname@example.org. Please note that there are two pages to complete. Grant recipients will be notified the week of April 13, 2020
Business for All Emergency Grant:
Hello Alice has partnered with Verizon to help small business throughout the nation who have been severely impacted by the COVID-19 pandemic.
From the Hello Alice Website: " We recognize this is a particularly difficult time. If your business has been severely impacted by COVID-19, please complete the full application as well as the COVID-19 Business for All Grant section... to apply for immediate support in the form of $10,000 grants. Thanks to our partners for stepping up to support business owners through the COVID-19 pandemic.
In partnership with Verizon, as part of the Business for All movement, every applicant will receive access to opportunities, guides and networks to help their business grow."
Manufacturers: MEDC Retooling Grants
From MEDC: "Do you have the capability to produce critical health & human service supplies, but need assistance in scaling or purchasing equipment? Pure Michigan Business Connect is providing grant assistance to help companies or non-profits begin or ramp up production of critical supplies across a broad range of product categories."
Paycheck Protection Program Application
From the Small Business Administration of Michigan: "The Paycheck Protection Program is designed to provide a direct incentive for small businesses to keep their workers on payroll by providing each small business a loan up to $10 million for payroll and certain other expenses.
If all employees are kept on payroll for eight weeks, SBA will forgive the portion of the loans used for payroll, rent, mortgage interest, or utilities. Up to 100 percent of the loan is forgivable. Small businesses and eligible nonprofit organizations, Veterans organizations, and Tribal businesses described in the Small Business Act, as well as individuals who are self-employed or are independent contractors, are eligible if they also meet program size standards. For a top-line overview of the program, click here. The application for borrowers can now be found here.
The Payroll Protection Program is live as of April 3, 2020.
Please note that is processed through your local SBA lender. We recommend checking with your current financial institution first."
Manufacturers: FEMA Solicitation for COVID-19 PPE and Medical Supplies
From Northwest Michigan PTAC: "FEMA is looking to do multiple awards to multiple vendors for immediate and longer term purchases of PPE and Medical Supplies that will become part of the Strategic National Stockpile to ensure availability of supplies in the future. This is an standing solicitation where offers may be submitted for consideration at any time up through Sept 2020 Supplies requested include: diagnostics and testing; RNA extraction kits; disinfection consumables/ bio-hazardous waste management; various medical equipment; isolation and surgical gowns; gloves (nitrile, Latex, and Non-Latex); disposable and reusable face shields and goggles; and face masks. The updated solicitation may be viewed here.
This solicitation has changed several times since first posted on March 26, so if you are interested in responding, PTAC recommends that you log in to Beta.SAM.gov and "follow" the solicitation so that you are up to date with future changes.
Upper Peninsula COVID-19 Resource Website:
A new website has been developed to share key business resources for businesses impacted by COVID-19. Businesses are invited to visit, share, and link to www.update906.com. Currently, the frequently updated website features the definition of critical infrastructure industries and workers, small business relief programs, COVID-19 business impact surveys, and key web links. In addition, there is a comprehensive list of contacts for local economic development organizations, along with regional, state, and federal representatives dedicated to the Upper Peninsula.
Click here to read the Michigan Economic Development Corporation's COVID-19 response newsletter.
For clarification on "essential worker" designations, visit this web page published by the U.S. Department of Homeland Security.
Click here to read Chippewa County Health Department's March 31 toolkit for essential businesses.
Click here to read the Michigan Economic Development Corporation's fact sheet on Michigan's COVID-19 response and information for businesses.
Click here to read the U.S. Department of Labor's fact sheet on employee rights through the Families First Coronavirus Response Act.
Click here to read the U.S. Senate Committee's Small Business Owner’s Guide to the CARES Act.
Click here to view further loan and funding opportunities that are available to businesses.
The Sault Ste. Marie Economic Development Corporation is dedicated to bringing prosperity to the City through economic growth in all industries with the expansion of current businesses and
the attraction of new ones. We help entrepreneurs take ideas and turn them into realities, and facilitate the process
of creating something entirely new, or helping an existing business grow. We
are dedicated to our community and value the businesses that bring
economic prosperity to the Sault.
Invest in the Sault and we will invest in YOU!
Temporary Office Space
Looking for a local launchpad for your growing business, a place to run your operation, or hire additional staff? Through the Sault SmartZone, we offer temporary office and manufacturing spaces to local start-ups. These spaces include full office amenities and are priced with start-ups in mind.
The EDC is open to the public and our conference room can be rented for workshops, meetings, seminars, and more. Our space fits 24 individuals comfortably and can be easily customized to the needs of your event, whether you have conference calls, guest speakers, or video presentations.
Coworking options at the EDC provide freelancers, telecommuters, and all businesspeople a drop-in office space where they work independently, meet with clients, and have access to office features located in the SmartZone without a long-term lease. Payment options are flexible to meet your schedule.