The State of Michigan will distribute up to $409 million of its American Rescue Plan Act funds as grants to eligible businesses who have suffered financial hardship due to COVID-19. The Michigan Department of Treasury is administering this grant.
What Types of Businesses are Eligible?
Afflicted businesses cannot be tax exempt. Eligible business include:
- Entertainment venues
- Recreational facilities/public places of amusement
- Gyms/Exercise facilities
- Food service establishment
- Cosmetology or barber services
- Nursery dealer/grower
- Athletic trainer
- Body art facility
- Hotel or bed and breakfast
Under the Afflicted Business Relief Grant Program, eligible businesses in operation before October 1, 2019, may receive a percentage of their loss in total state sales through a grant. Eligible businesses that began operating between October 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.
Eligible businesses applying for a grant will be required to include tax and other financial information and documentation to support their claims.
Businesses include: Self-employed, an independent contractor, sole proprietorship with no employees, or had paid employees affected by at least 5% of the year.
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