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Published 4/21/2020
11:51am

Lt. Governor Gilchrist & Former Lt. Governor Calley Call for Federal Action on Additional SBA Forgivable Loans 

43,000 Michigan small businesses received more than $10 billion in first round of Paycheck Protection Program funding.

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Lt. Governor Garlin Gilchrist II, former Lt. Governor Brian Calley and Michigan Association of CPAs President & CEO Bob Doyle, today called on federal officials to reach an agreement and authorize additional funding to the Paycheck Protection Program funds from the U.S. Small Business Administration.

More than 43,000 businesses in Michigan impacted by the COVID-19 outbreak received more than $10 billion in forgivable loans during the first round of PPP funding. Nationally, $349 billion was authorized for the initial round of PPP, all of which was committed by April 16 – less than two weeks after the application period opened – demonstrating the continued need for small business relief.  

“While tens of thousands of Michigan businesses were able to receive more than $10 billion of relief through the Paycheck Protection Program, there continues to be a significant need for additional resources to support our small businesses,” Lt. Governor Gilchrist said. “Additional funding for the Paycheck Protection Program will be critical in helping our businesses keep their doors open and in protecting the livelihoods of their workers.”  

Michigan small businesses (per SBA size standards) – including hospitality and food industry businesses and sole proprietorships, independent contractors and self-employed persons – were eligible to apply for loans through The Paycheck Protection Program (PPP) to help ensure employees continue receiving paychecks. The PPP loans were designed to provide a direct incentive for small businesses to keep their workers on the payroll and may be forgiven if all employees are kept on the payroll for eight weeks and the money is used for payroll, rent, mortgage interest, or utilities.

“For those businesses that applied but did not receive funding in the first round, please verify with your lending institution that your application is still active and in line for funding when Congress comes through,” Calley said. “If a business didn’t apply before, now is the time to get your application ready. These loans can save a business and keep thousands employed.”  

The MIpaycheckprotection.com website includes key PPP eligibility information, videos and instructions to help with the application process, information on authorized SBA lenders and more. This Michigan Paycheck Protection Program website was built through a collaboration between the Small Business Association of Michigan, Michigan Association of Certified Public Accountants (MICPA), the Michigan Economic Development Corporation and the Michigan SBDC.  

“The PPP funds on a first come first served basis,” said Bob Doyle, MICPA President & CEO. “Once new funds are available, businesses interested in these forgivable loans, should gather their information and submit an application as soon as possible.”  

“We will continue to leverage every resource available at the federal state and local level to provide relief to businesses across our state,” said Mark A. Burton, CEO of the Michigan Economic Development Corporation. “These are difficult times, but additional PPP funds would make a significant difference for many small businesses making every effort to keep their doors open.”  

Through the MEDC, michiganbusiness.org/covid19 also features other resources for businesses across Michigan to assist them in recovering from economic losses as a result of the COVID-19 virus. This includes U.S. Small Business Administration emergency loans, support services offered through the SBDC and more. The MEDC has also developed a FAQ for Michigan businesses and communities at michiganbusiness.org/covid19-faq.  

Information around this outbreak is changing rapidly.

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Update 4/19/2020

Eastern Michigan University students and professors are working to support the frontline by making masks and other personal protective equipment.  An EMU alumni group called GameAbove is providing the resources.

A Muskegon school's virtual class was disrupted by a Zoom bomber.  Inappropriate images were shared by an unknown person in the Holton High School online class.

Some Northern Michigan sheriffs say they will not "strictly" enforce Governor Gretchen Whitmer's stay-at-home order because, as one sheriff told Fox News, "it's a bridge too far."

A survey by the Michigan Association of Intermediate School Administrators reveals that at least 300,000 of the state's students do not have internet or a computer.

No prisoners will be given early release due to COVID-19, Governor Whitmer announced in an afternoon press conference on Friday.  The ACLU of Michigan has urged the release of elderly and immunocompromised inmates.

The Eaton Rapids and Swartz Creek locations of Rite Aid are now self-swab COVID-19 testing facilities.  Rite Aid also added a Detroit area testing facility, in Macomb.  The testing locations open Monday April 20th.

13 residents of a Clio nursing home have died due to COVID-19.  23 residents and 23 employees of Maple Woods Manor have tested positive.

Northern Michigan food pantries are getting a protein boost thanks to the sale of gift cards at some area businesses.  20% of gift card sales at Red Ginger or Buritt's Fresh Market in Traverse City will buy chicken and ground beef for the nonprofits.