Governor Whitmer announces additional $400 million to support businesses, retain or create jobs
LANSING, MI-- Governor Gretchen Whitmer today announced a new grant program beginning March 1, 2022 that will provide business with additional financial support totaling $409 million to help retain or create jobs and boost the state’s economy.
Under this program, eligible businesses in operation before October 1, 2019, may receive a percentage of their loss in total state sales through a grant, up to $5 million. Eligible businesses that began operating between October 1, 2019, and June 1, 2020, may receive a grant equal to 25% of certain specified costs. The grants may be prorated depending upon the number of businesses that apply to ensure that all eligible businesses can receive funding.
“Treasury is committed to ensuring these payments are received by eligible businesses,” State Treasurer Rachael Eubanks said. “We are working with our business and community partners to ensure potential applicants are aware of this funding opportunity. I encourage businesses to check if they’re eligible for a grant.”
Businesses must submit a completed online application to the Michigan Department of Treasury 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.
The application will become available at 8 a.m. EST on Tuesday, March 1, at www.michigan.gov/abr.
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 on the grant program’s website.