U.S. Small Business Administration Relief Available for Eligible Businesses Impacted by Excessive Rain
The U.S. Small Business Administration (SBA) has made Economic Injury Disaster Loans of up to $2 million available to eligible small businesses, agricultural cooperatives and nonprofits impacted by excessive rain that occurred Oct. 1, 2019 through June 3, 2020. SBA extended the loans following the Secretarial Disaster Declaration obtained by Governor Whitmer from U.S. Department of Agriculture (USDA) Secretary Sonny Perdue last year.
Loans are available to small businesses, small agricultural cooperatives, small businesses engaged in aquaculture and private nonprofit organizations in Clinton, Gratiot, Ionia, Isabella, Midland, Montcalm, Saginaw and Shiawassee counties. Applicants may apply online, receive additional disaster assistance information and download applications at https://disasterloan.sba.gov/ela.
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New COVID-19 Resource: Winter Strategies for Downtowns and Business Districts
As snow begins to fly, Michigan Main Street communities are uniquely situated to provide innovative solutions in their communities during the upcoming winter season. Our communities are no stranger to winters in Michigan, but this year with the COVID-19 pandemic and the need to socially distance, winter may increase the pressures felt by small businesses, community organizations, municipalities and the community at large.
The Winter Strategies Guide provides communities with ideas to give them a jumpstart on preparing for winter. This guide is an introduction to creative solutions, dialogue with community stakeholders and a foundation for embracing winter as a season of prosperity.
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Webinar: Navigating the World of Investment Capital in Michigan
Navigating the world of investment capital can be complicated. Join DBusiness and MEDC on Wednesday, November 18 at 2 p.m. EST for an interactive webinar where you’ll learn how pre-seed and other funding sources in Michigan operate and insider tips on successfully attracting investors. Hear from MEDC leaders and Michigan business professionals who will share information about programs, strategies for success and answer questions from the audience.
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Additional Resources Available Online
Access additional COVID-19 resources for businesses and communities by visiting michiganbusiness.org/covid19. Read more about programs supporting economic recovery for Michigan businesses by visiting michiganbusiness.org/covid19response.
Visit michigan.gov/coronavirus to find other valuable resources for employers, workers, residents and communities.
About Michigan Economic Development Corporation (MEDC)
The Michigan Economic Development Corporation is the state’s marketing arm and lead advocate for business development, job awareness and community development with the focus on growing Michigan’s economy. For more information on the MEDC and our initiatives, visit www.MichiganBusiness.org. For Pure Michigan® tourism information, your trip begins at www.michigan.org
