Nearly 150 businesses in Macomb County will be receiving grants from the Michigan Small Business Relief Program to help them stay afloat during the mandatory shuttering of non-essential businesses during the COVID-19 outbreak, officials say.
Funding was provided through the Michigan Strategic Fund, which authorized the Michigan Small Business Relief Program, offering up to $10 million in small business grants and $10 million in small business loans.
Macomb County was awarded $800,000, which was supplemented by a donation from First State Bank and an additional $30,000 from the county for a total of $930,000.
Macomb County Planning & Economic Development received applications from over 2,000 area businesses.
As stipulated by the Michigan Economic Development Corporation, first priority was given to those small businesses directly affected by orders issued by Gov. Gretchen Whitmer.
“So many of our businesses, for no fault of their own, were impacted suddenly by the COVID-19 crisis,” said Vicky Rad, director of Macomb County Planning and Economic Development. “We organized an application
process, fairly quickly, to disburse these relief funds to our businesses.
“We know this will provide some financial relief to many and we will continue to offer guidance and assistance to any business looking for help.”
Each eligible application received was reviewed by a panel consisting of representatives from the county, First State Bank, Macomb Community College, Macomb Intermediate School District, Leadership Macomb,
Macomb County Chamber of Commerce and Sterling Heights Regional Chamber of Commerce.
The selection committee took many factors into consideration — type of business, geographical location and the significance of the business to that specific area, the impact the grant dollars would have on helping the business, how the grant dollars will be used, completeness of the applications and whether requested financial documentation was provided.
County officials said they were unable to provide a list of recipients because each must complete legal paperwork as a final step with the Michigan Economic Development Corporation.
Macomb County Planning and Economic Development’s business development team continues to collaborate with local, state and federal partners on programs designed to provide assistance to businesses.
The website www.MacombBusiness.com is updated regularly with new information, Rad said.
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