$15.5M in Detroit, Wayne County COVID-19 Business Relief Grants Available, Apply Starting July 15

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From July 15 through August 5, the Detroit Economic Growth Corp. (DEGC) will open a new grant application that has $15.5 million available for Wayne County business owners, with $7.25 million to be granted within the City of Detroit borders. The funding is appropriated from the Coronavirus Aid Relief and Economic Security (CARES) Act, which provided the state and various local units of government with nearly $3.9 billion.

The $100 million Michigan Strategic Fund announced last week, split up the funding among 14 economic development organizations across the state including Ann Arbor Spark, DEGC, the Flint & Genessee Chamber, and Oakland County.

Businesses can apply at MichiganBusiness.org until August 5, 2020, and the funds are reported to be delivered by the end of September. The grants can be used for payroll, rent, mortgages, utilities, and other such payments. Recipients need to prove COVID-19 has hurt their bottom line and that they have 50 or fewer employees. They also can’t have already received a grant through the Michigan Strategic Fund’s Michigan Small Business Relief Program, according to a state news release.

Past DEGC grants since COVID-19, have awarded approximately 740 small businesses for those grants of between $2,500 and $10,000. That number of awardees amounted to about 44% of the 1,700 applicants.

Learn more on the DEGC website.


Michigan Small Business Restart Grant Program will work with statewide economic development organizations (EDOs) to award grants to qualifying small businesses in need of assistance with payroll, rent, mortgage payments, as well as utilities and other expenses.

Participating EDOs in Southeast Michigan include:

  • Flint & Genesee Chamber – $8,045,455
  • Ann Arbor Spark – $8,545,455
  • Oakland County – $11,045,455
  • Macomb County – $7,545,455
  • Detroit Economic Growth Corporation – $15,545,450

More Resources:

Program applications open Wednesday, July 15 at michiganbusiness.org/restart and close Wednesday, Aug. 5.


Michigan Strategic Fund Approves $100M Grant Program for Small Businesses’ COVID-19 Recovery

 

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