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The latest news on loans, simplified
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Michigan Small Business Restart Program Grants, July 21st information session

July 20, 2020/in Business Champions, Partner, and Community Resources, Funding and Financials, Human Resources – Everything Employees
Together, the MEDC and DEGC will walk through the details of the most recent small business (and nonprofit) grant program, including eligibility and the application process for Detroit-based organizations, see flyer for details.

07/20/2020

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MBDA Business Center: Enterprising Women of Color

April 28, 2020/in Additional Resources, Funding and Financials

The funding categories are Environment, Natural Resources, Science and Technology, and other Research and Development.

There will be three $500,000 awardees in 2020 and six in 2021.

Eligible applicants include For-profit entities (including but not limited to sole proprietorships partnerships, limited liability companies, and corporations), non-profit organizations, institutions of higher education, commercial organizations, state and local government entities, and quasigovernment entities.

Full Announcement.
04/28/2020

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New DOL Guidance on FFCRA Addresses Use of Employer PTO Policies

April 28, 2020/in Additional Resources, Business Champions, Partner, and Community Resources, Funding and Financials, Human Resources – Everything Employees

On April 20, 2020, the Department of Labor (DOL) provided new guidance for compliance with the paid sick leave provisions of the Families First Coronavirus Recovery Act (FFCRA). One important clarification involves the interplay between leave under the FFCRA and the employer’s paid time off policy (PTO). The DOL made clear that the circumstances in which PTO may be used in conjunction with FFCRA leave will differ depending on whether leave is taken under the Emergency Paid Sick Leave Act or the Emergency Family and Medical Leave Expansion Act.
Read more. 
04/28/2020

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COVID-19 Stimulus Payments

April 10, 2020/in Business Champions, Partner, and Community Resources, Funding and Financials, Legislation – Federal Orders

The Coronavirus Aid, Relief, and Economic Security (CARES) Act recently signed into law provides a one-time payment, among other items, to individuals to help ease the economic strain caused by the coronavirus epidemic.

Click here for the details of the stimulus payment initiative.

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CORONAVIRUS EMERGENCY LOANS Small Business Guide and Checklist

April 3, 2020/in Funding and Financials

Here are the questions you may be asking—and what you need to know…

Read Full Checklist

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Paycheck Protection Program Applications April 3, 2020!

April 1, 2020/in Funding and Financials, Legislation – Federal Orders

As part of the CARES Act, and administered by the SBA, will provide a loan up to $10 million for payroll and other expenses. The program will provide funding to qualified small businesses as well as certain non-profit organizations.

Read the full description and find the application here

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Order clarifies unemployment benefits, adds workers who were previously ineligible

March 30, 2020/in Funding and Financials, Human Resources – Everything Employees, Legislation - State Orders

Gov. Gretchen Whitmer signed Executive Order 2020-24, clarifying how the expansion of eligibility for unemployment benefits during the COVID-19 will work.  Read more

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Small Business Relief Loan Fund

March 30, 2020/in Funding and Financials

TCF Bank and Wayne County are working together to provide fast relief through microloans, to help small businesses with the effects of COVID-19. They are committing at least $3 million each to a new low-interest loan fund for small businesses in Wayne County to borrow money as soon as next week to sustain their operations during the coronavirus shutdowns. Read more

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Families First Coronavirus Response Act: Questions and Answers

March 30, 2020/in Funding and Financials, Legislation – Federal Orders

As provided under the legislation, the U.S. Department of Labor will be issuing implementing regulations. Additionally, as warranted, the Department will continue to provide compliance assistance to employers and employees on their responsibilities and rights under the FFCRA. Read more

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CARES Act: Employee Benefits Implications

March 30, 2020/in Funding and Financials, Legislation - State Orders, Legislation – Federal Orders

Congress has passed the CARES Act to help combat the impacts of COVID-19. Below is an initial summary of key employee benefits provisions. More details will be coming but we want to make you aware of these provisions and options as soon as possible. Read more

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