The State of Michigan has allocated $55 million to implement the Michigan Small Business Survival Grant (Survival Grant) to support the needs of eligible Michigan businesses that have experienced a significant financial hardship due to the COVID-19 emergency “gatherings and face mask order” (the Order) issued by the Michigan Department of Health and Human Services. Oakland County Economic Development will distribute more than $6 million dollars to eligible Oakland County business through this grant program.
The grant application process will begin on Tuesday, January 19 at 9 am and will close on Friday, January 22 at noon. This will be a competitive grant and businesses chosen for awards will be notified via email no later than Friday, February 26, 2021.
In order to be eligible for funding for the Survival Grant, small business must meet the following criteria:
For-profit or non-profit company
Had 1-100 employees (including full-time, part-time and owner/employees) on a world-wide basis on November 17, 2020.
Is in an industry that demonstrates it is affected by the Order including restaurants, bars and other food and beverage service providers, movie theatres, ice skating rinks, indoor water parks, bowling centers, gyms and fitness centers.
Needs working capital to support payroll expense, rent, mortgage payments, utility expenses, or other similar expenses.
Demonstrates an income loss as a result of the Order as determined by Oakland County Economic Development in which an eligible business is located.
Is not a live music and entertainment venue that is eligible for funds under section 401 of Senate Bill no. 748.
Grants must be used for expenditures incurred by the eligible business and meet the following criteria:
Must be used only for working capital to support payroll expenses, rent, mortgage payments, utility expenses, and costs related to reopening a business.
Grant funds may be used by the business for expenses expended between November 18, 2020 and April 30, 2021.
Grants will not exceed $20,000 for an eligible business that has been closed or $15,000 for an eligible business that has been partially closed or otherwise open.
Oakland County will evaluate applicants based on the following additional criteria:
Priority will be given to dine-in food service establishments, bars, retailers, and personal service-related businesses including fitness centers, indoor sports facilities, spas, etc. with a brick and mortar presence.
Preference will be given to applicants who have NOT received funding from Oakland County during the COVID-19 pandemic response.
The application to apply is now closed as of January 22, 2021 at 12:00 p.m.