City of Owosso recently issued the following announcement.
The Michigan Department of Treasury has announced a new grant program to bolster relief for Michigan businesses impacted by the COVID-19 public health emergency.
The Michigan Department of Treasury is administering a $409 million business grant relief program designed to help certain Michigan businesses that have experienced financial hardship due to the COVID-19 public health emergency.
Under the Afflicted Business Relief Grant Program, eligible businesses in operation before Oct. 1, 2019, may receive a percentage of their loss in total state sales through a grant.
Eligible businesses that began operating between Oct. 1, 2019, and June 1, 2020, may receive a grant equal to 25% of certain specified costs.
Depending upon the number of businesses that apply, the grants may be prorated to ensure that all eligible businesses can receive funding.
The application will become available at 8 a.m. EST on Tuesday, March 1, at www.michigan.gov/abr.
Eligible businesses applying for a grant will be required to include tax and other financial information and documentation to support their claims.
Businesses must submit a completed online application to the state Treasury Department no later than 11:59 p.m. EST Thursday, March 31. Grant awardees will be notified in the spring and grant awards will be distributed by July 1, 2022.
Businesses interested in applying are encouraged to attend one of the following informational webinars hosted by the state Treasury Department:
• Thursday, Feb. 17 at 9-10 a.m. EST
• Tuesday, Feb. 22 at 10-11 a.m. EST
• Monday, March 7 at 1-2 p.m. EST
Details for signing up for a webinar can be found https://www.michigan.gov/abr
Original source can be found here.
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