Greater than 14,000 small companies in Michigan impacted by the COVID-19 pandemic have obtained grants of as much as $20,000 for bills comparable to payroll, hire and utilities, Gov. Gretchen Whitmer introduced Tuesday.

Total, the reduction totals practically $96 million  from cash made accessible by the Coronavirus Help, Reduction and Financial Safety, or CARES, Act. The cash was despatched to Michigan after which distributed to 15 native or nonprofit financial growth organizations masking all 83 counties within the state.

“Households throughout the state depend upon small companies for his or her livelihood, and these grants, mixed with extra COVID-19 enterprise reduction efforts” supplied by the Michigan Financial Improvement Company “have helped to create a powerful basis for Michigan’s long-term financial restoration,” Whitmer mentioned in a information launch.

Earlier on within the pandemic, counties rushed to arrange the programs to distribute the funds, apprehensive that in the event that they did not get cash within the arms of native companies shortly, many would not keep open.



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