COVID-19 Afflicted Business Relief on the Horizon

From the MI Chamber of Commerce, February 15, 2022
The Michigan Department of Treasury announced the Afflicted Relief Grant Program to provide $409 million of federal funds to eligible businesses negatively impacted by the COVID-19 pandemic and subsequent health emergencies. The funding for the grant program comes after the Michigan Chamber of Commerce continuously urged for the passage of Senate Bill 85, which included the necessary funds for the program and was ultimately signed into law at the end of 2021.

The grant program creates a process for businesses to receive a percentage of financial losses incurred calculated based upon the entity’s timeline of operation. To check your business’ eligibility, click HERE.

To apply for Business Resources, click HERE.

Applications will be live on March 1, 2022, at 8:00 a.m. and are due by 11:59 p.m. on March 31. Recipients will be notified by the spring and can expect to receive funds no later than July 1, 2022.