Michigan Small Business Restart Program
As of August 5, 2020 at 11:59 p.m. the Michigan Small Business Restart Program Application period has closed. Here are your next steps if you applied.
About the Michigan Small Business Restart Program
In an effort to support businesses that were impacted by COVID-19, the State of Michigan allocated $100 million of CARES Act funding to implement the Michigan Small Business Restart Program. Economic Development Organizations (EDOs) across the state were selected to assist in distributing these funds across all 83 Michigan counties.
The Midland Business Alliance, alongside its Economic Development Partners in Isabella, Arenac, Clare, Gladwin and Gratiot counties received a total of $3,500,000 to support small businesses who meet the criteria identified by the Michigan Economic Development Corporation (MEDC)
Application Review Timeline
The Midland Business Alliance, alongside its regional and state-wide fellow Economic Development Organizations, is in the process of reviewing and scoring applications received through the Michigan Small Business Restart Program.
All applications submitted between July 15 – August 5, 2020 will be reviewed and scored using the Michigan Economic Development Corporations scoring rubric. Grant award decisions are expected to be made by August 30, 2020, and communicated no earlier than September 1 or later than September 30. Funds will be distributed as quickly as possible, with all funds disbursed by 10/30.
The Midland Business Alliance is committed to being a resource for local businesses in the area.
If you have additional questions, please contact Nicole Wilson, VP of Economic Development at email@example.com.
Additional resources to support our business community can be found at www.mbami.org.
Diverse Business Definitions
Minority-Owned means, as applied to an otherwise Eligible Business, that the Eligible Business is at least fifty-one percent (51%) directly and unconditionally owned and controlled by one or more, or any combination of; Black or African Americans; Hispanic Americans; Native Americans (Alaska natives, native Hawaiians, or enrolled members of a federally or State recognized Indian tribe); Asian Americans; Arab or Middle Eastern Americans.
Woman-Owned means that the Eligible Business is at least fifty-one percent (51%) directly and unconditionally owned and controlled by one or more women in addition to meeting all other eligibility requirements.
Veteran-Owned means that the Eligible Business is at least fifty-one percent (51%) directly and unconditionally owned and controlled by one or more veterans of any military branch of the United States in addition to meeting all other eligibility requirements.