Resources For Dearborn Business Community During Coronavirus Response

Press release from the City of Dearborn:

The City of Dearborn has organized this webpage for our small business owners as we all grapple with the COVID-19 pandemic and the effect it's having in so many areas of our lives, including the economic impact for our businesses. Here are some Covid-19 relief options for small businesses and other resources.

Our partners at Down Dearborn also have a dedicated webpage with resources that can be found at https://www.downtowndearborn.org/covid19/.

WAYNE COUNTY

• Wayne County and TCF Financial announced a $6 million loan fund ($3 million from each) to support small businesses in Wayne County. The intent is to provide microloans between $5K-$50K with interest rates 0-2%, with the first six months interest-free.
• Michigan Small Business Relief Grant: Up to $10,000 is available for small businesses to cover payroll, rent, and other operating expenses through Wayne County. Applications are live now.

SMALL BUSINESS ADMINISTRATION

• Congress passed legislation that makes $1 billion available to the Small Business Administration to provide low-interest loans to small businesses, small agricultural cooperatives, and nonprofits that have suffered substantial economic losses as a result of the COVID-19 pandemic. The SBA Economic Injury Disaster declaration makes disaster loans of up to $2 million available to small businesses to help overcome the temporary loss of revenue they are experiencing. Small businesses that could benefit from SBA loans are encouraged to start collecting the information they’ll need to complete and submit their application.
  • Apply for the SBA Economic Injury Disaster Loan (EIDL)
  • Click here for examples of information needed.
  • For additional information or to obtain help preparing the loan application, contact the Michigan SBA offices in Detroit or Grand Rapids.

STATE OF MICHIGAN

• What Governor Gretchen Whitmer’s Executive Order 2020-21 (COVID-19) means to you: Temporary requirement to suspend activities that are not necessary to sustain or protect life. Here are some quick FAQs to help guide you.
• Michigan Department of Health and Human Services Interim Recommendations for COVID-19 Community Mitigation Strategies.
• The Department of Labor and Economic Opportunity today provided guidance to Michigan employers on how to avoid potential layoffs related to COVID-19.
• The Department of Labor and Economic Opportunity is providing guidance to Michigan employers on how to avoid potential layoffs related to COVID-19. The governor has expanded the state’s Work Share program that can temporarily subsidize employer payroll to avoid layoffs during declines in regular business activity.
• Additional unemployment resources for employers can be found here.
• Eligible employees can apply for unemployment benefits online.
• Pure Michigan Business Connect – connecting suppliers with buyers including much needed medical supplies related to COVID-19

MICHIGAN SMALL BUSINESS DEVELOPMENT CENTER

• The Michigan Small Business Development Center offers on-demand small business support webinars.

MICHIGAN ECONOMIC DEVELOPMENT CORPORATION

• Resources for Michigan Businesses during COVID-19

Other Helpful Resources:

https://www.michigan.gov/coronavirus/0

https://www.michigan.gov/Coronavirus

https://www.dearbornareachamber.org/

http://americanarab.com/

https://yaccusa.com/

https://debbiedingell.house.gov/

https://housedems.com/hammoud

This press release was produced by the City of Dearborn. The views expressed here are the author’s own.