Michigan’s Small Businesses Grant Deadline Fast Approaching

Michigan Small Business Grant Deadline Fast Approaching

Time is running out for Michigan’s small businesses that suffered major financial losses as a result of the COVID-19 pandemic.

More than $400 million in state grants are up for grabs to help those businesses recover, but businesses need to act fast.

“We want every small business owner to apply to get a piece of this funding,” said Lt. Gov. Garlin Gilchrist.

Over $400 million is waiting to get into the hands of Michigan’s small business owners. It’s part of the Whitmer administration’s Growing MI Business program.

Gilchrist said that there is a lot of money still on the table.

“We want everyone to take advantage of this program. This money doesn’t exist to be in a program and not be spent and exist to be invested in people and neighborhoods and communities,” he said.

The program has been open since March 1 to eligible small business owners. They have until March 31 to apply.

To apply for the grants, the Lt. Governor said that it only takes about 10 minutes to complete online.

Nine types of businesses qualify for this grant. All ranging from entertainment venues, barbers and cosmetologists, to exercise facilities, athletic trainers, and more.

Small businesses operating before October 1, 2019, could receive up to $5 million. Those between October 1, 2019, and May 31, 2020, may receive a grant equal to 25% of specified costs.

“This is money to help pay to retain employees to pay rent going forward and going backward for utilities to upgrade your facilities and pay for façade improvements and invest in new marketing strategies to attract new customers. Whatever your business needs to do to move forward. That’s what this money is for,” said Gilchrist.

The deadline to get in an application is Thursday, March 31.

Those who applied will be notified in the coming weeks.

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