Gratiot Area Chamber of Commerce recently issued the following announcement.
A great grant opportunity for Gratiot Businesses:
The State of Michigan 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 our state’s economy.
Under this program, eligible businesses in operation before Oct. 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 Oct. 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.
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:
Tuesday, Feb. 22at 10-11 a.m. EST
Monday, March 7at 1-2 p.m. EST
Details for signing up for a webinar can be found on the grant program’s website.
To learn more about the Afflicted Business Relief Grant Program or read frequently asked questions, go to www.michigan.gov/abr.
Original source can be found here.
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