ALPENA — Greater than 200 companies in Northeast Michigan obtained a mixed almost $2 million to assist them climate the monetary storm attributable to the COVID-19 pandemic.
On Thursday, the state launched the names of companies that obtained grants from the Michigan Small Enterprise Restart Program administered by the Michigan Financial Improvement Corp..
The info reveals a mixed roughly $2 million was given to 236 companies in Alpena, Presque Isle, Montmorency, and Alcona counties, a part of $69 million distributed round Michigan.
The cash helped save 1,784 jobs in Northeast Michigan, in accordance with the state knowledge.
In Northeast Michigan, Goal Alpena and the Otsego County Financial Alliance oversaw the disbursement of funds, with committees made up of representatives of every county deciding the grant winners.
Almost $5 million was requested by companies in Alpena, Presque Isle, and Alcona counties, Goal Alpena Financial Improvement Director Mike Mahler stated.
Many companies had been compelled to shut this spring throughout a government-ordered lockdown meant to sluggish the unfold of COVID-19. Mahler stated that, though many companies are actually open, many are nonetheless struggling to pay payments. He stated grants as small as $2,500 and enormous as $20,000 had been disbursed.
“Many of those enterprise house owners have taxes due and weren’t certain how they had been going to pay them,” Mahler stated. “I’m certain this can enable them to take a sigh of reduction, as a result of it is vitally significant cash for them.”
Many Alpena County companies obtained grants within the $5,000 to $10,000 vary, though some obtained extra, equivalent to Thunder Bay Sports activities Drugs, which obtained $15,000 and the Alpena Space Chamber of Commerce, which obtained $14,321. AZ Builder and Acres Inc. every obtained $12,000.
The Alcona Humane Society obtained $19,000, as did Allband Communications, Turek Enterprises, Alcona Canoe Rental, and Rox’s Household Diner.
GIDE Inc. and Up North 23 in Presque Isle County every obtained $15,000.
In whole, 10 companies obtained $20,000, all in Montmorency County, together with Appraisal Link2, That Superior Hair Place, dentist John Marconnit, Michigan Timber Sawmill, Subsequent Part Enterprises, Olree Chiropractic, Roy and Sons, the Thunder Bay Golf Course, Traub Trucking, and Village Loft Inc.
Seventy-eight companies obtained between $10,000 and $19,999.
Mahler stated a number of enterprise house owners informed him they didn’t intend to use for funding as a result of they had been holding their very own.
“Some would say they had been down by as a lot as 10%, however nonetheless had the flexibility to pay their payments and workers,” Mahler stated. “They stated they needed to see the cash go to companies that wanted it greater than they did. Plenty of companies requested for lots lower than the max quantity, and you might simply see everybody was searching for his or her neighbor.”
In a press launch, Gov. Gretchen Whitmer stated companies have been requested to sacrifice loads in the course of the lockdown, and having the ability to assist them is barely proper.
“Over the previous six months, small enterprise house owners who’ve spent their complete lives constructing their companies have made unimaginable sacrifices to guard their communities and our courageous frontline staff from COVID-19,” she stated “I do know it hasn’t been simple, which is why we’re working across the clock to offer help for our small enterprise house owners.”
Steve Schulwitz might be reached at 989-358-5689 at firstname.lastname@example.org. Observe him on Twitter @ss_alpenanews.com.
In the present day’s breaking information and extra in your inbox