Grants and Loans

On Wednesday, April 29 Executive David Coulter and the Oakland County Board of Commissioners quadrupled help for small businesses impacted by the COVID-19 crisis. The Oakland County Small Business Stabilization Grant program awarded an additional $11.7 million to Small Businesses in Oakland County.  

Award announcements were sent out on Tuesday May 19. This was a highly competitive process. We received over 7,000 grant applications and were able to fund 49 percent of the applicants based on the requirements outlined in the application.  This funding along with the initial $2.3 million brings the total to $14 million in small business relief.

Oakland County Executive David Coulter and the Oakland County Board of Commissioners are committed to helping our small businesses and helping our health care systems above water, supporting their many employees and keeping our residents safe.
 
The Oakland County Small Business Stabilization Fund set aside a total of $700,000 with the goal of increasing the availability of desperately needed personal protection equipment (face masks, face shields, gowns, and other needed items)
 
The fund will help small businesses already producing personal protection equipment increase their volume or help small businesses that can rapidly shift their manufacturing capabilities to manufacture personal protective equipment.

The deadline to apply for these funds has passed.

Learn more about these federal Small Business Administration loan programs from the Michigan Small Business Development Corporation (SBDC). The SBDC’s easy to use tutorial can help businesses learn which of these loan programs may work for their business.

PPP

A loan that helps businesses keep their workforce employed during the Covid-19 crisis.

• May 5th Update –Significant funding remains for the Paycheck Protection Program. Businesses are encouraged to contact your lender to apply for the PPP.

EIDL

A loan advance to provide up to $10,000 of economic relief to business that are currently experiencing temporary difficulties.

If awarded, funds will be issued within a few days of decision dates.
Pontiac Funders Collaborative Small Business Relief Fund

Please note the following grant opportunity to help create a safer and healthier work environment at Michigan small businesses.

MIWISH Grants Available for Small Employers

The MIOSHA Workplace Improvement to Safety and Health (MIWISH) Grant Program awards qualifying employers a dollar-for-dollar match – up to $5,000 – to purchase safety and health-related equipment and equipment-related training. The goal of the program is to create a safer and healthier work environment and reduce the risk of injury and illness to workers in Michigan.

Questions?

If you have any questions regarding the MIWISH grant or application, please contact:
Telephone: (517) 284-7811
Email: BirsenS@michigan.gov

​Provided below is a link to The Michigan Economic Development Corporation's (MEDC) collection of grants, loans and other resources for Michigan businesses. If you have any questions or wish to speak to MEDC directly, please call 888-522-0103.