Small Business Support/Funding
The President announced loans through the Small Business Administration on Thursday evening. Here is a great resource page
that gives some highlights on this program.
Here in Michigan, the Small Business Development Corporation (SBDC) and Department of Labor are also providing resources:
Additionally, the Michigan Economic Development Corporation’s (MEDC) call center stands ready to support businesses lo oking for assistance through other available state programs. For more information, visit MEDC’s website
or call (888) 522-0103.
On Friday, the US House of Representatives passed legislation aimed at combating a few immediate concerns created by the spread of COVID-19. Congressman John Moolenaar provides a summary of the bill here
The MBA will be monitoring the legislation, and will keep you updated as the Senate takes it to a vote.
Your employees may be affected by the temporary restrictions put in place. Under a recent Executive Order by Governor Whitmer, unemployment benefits would be extended to:
- Workers who have an unanticipated family care responsibility, including those who have childcare responsibilities due to school closures, or those who are forced to care for loved ones who become ill.
- Workers who are sick, quarantined, or immunocompromised and who do not have access to paid family and medical leave or are laid off.
- First responders in the public health community who become ill or are quarantined due to exposure to COVID-19.
Access to benefits for unemployed workers will also be extended:
- Benefits will be increased from 20 to 26 weeks.
- The application eligibility period will be increased from 14 to 28 days
- The normal in-person registration and work search requirements will be suspended.
Eligible employees should apply for unemployment benefits online at Michigan.gov/UIA
or 1-866-500-0017. A factsheet on how to apply for benefits can be found here
The State is also seeking solutions for self-employed workers and independent contractors who traditionally do not have access to unemployment insurance.
Under the Governor’s Executive Order, an employer or employing unit must not be charged for unemployment benefits if their employees become unemployed because of an executive order requiring them to close or limit operations.