Financial and business support for recovery through the Coronavirus (COVID-19) pandemic.


See the Events page for upcoming Webinars on financial assistance and business continuity.

Detroit and Wayne County

Resource Pages See aggregate links on these pages.

Detroit Economic Growth Corp. (DEGC)

City of Detroit Business Owners’ Covid-19 Rapid Alerts
Facebook group for Detroit business owners only. Join here

Goldman Sachs in partnership with the Community Reinvestment Fund has committed $15 million to loans for small businesses in Detroit who couldn’t get approved in round one. Via Mayor Duggan and the City of Detroit. Apply here.

From the CRF site: “Due to high demand for SBA Paycheck Protection Program loans, we are unable to continue accepting loan applications until further notice. For additional Paycheck Protection Program Lenders, please visit:

Detroit Help Hub
List your business and discover and support the businesses, creatives, and organizations that make Detroit the City we all love.
DetroitHelpHub

Wayne County/TCF Bank Small Business Relief Loan Fund
Loans for $500 to $50,000 for a term of 12 months with interest rates of two percent or less. For small businesses (fewer than 100 employees) established for at least one year. Businesses must have suffered substantial hardship (at least 25% loss of revenue) due to COVID-19 emergency and will use proceeds to assist with that hardship.
Apply at TCF Bank

Wayne County/Chemical Bank Small Business Relief Loan Fund
Loans for $500 to $50,000 for a term of 12 months with interest rates of two percent or less. For small businesses (fewer than 100 employees) established for at least one year. Businesses must have suffered substantial hardship (at least 25% loss of revenue) due to COVID-19 emergency and will use proceeds to assist with that hardship.
Apply at Chemical Bank


Michigan

Resource Pages See aggregate links on these pages.

Michigan Economic Development Corp. (MEDC)

MEDC and the Detroit-based crowdfunding platform, Patronicity, have developed “MI Local Biz”, a creative funding mechanism to offer quick access to capital for small local businesses. The MEDC will match crowdfunding raises on a 1:1 basis up to $5,000 for eligible small businesses experiencing economic challenges as a result of COVID-19. Pre-check applications open Monday, May 18th. Get more information.

Michigan Women Forward – Michigan Entrepreneur Resilience Fund. Recovery grants and loans to diverse entrepreneurs and small businesses from underrepresented groups in Michigan with two primary avenues of funding: 1) $1,000 – $5,000 grants to assist with reopening or pivoting your business; and 2) $5,000 – $10,000 microloans with a 1-3 year repayment period. You are able to submit a Cash Flow Forecast and Recovery Plan, and priority given to businesses located in designated HubZones and Opportunity Zones. Learn more and apply.


Federal Government and Small Business Administration (SBA)

Disaster assistance from the U.S. Small Business Administration. The SBA provides low-interest disaster loans to help businesses and homeowners recover from declared disasters. See loan programs and apply here.

Stimulus report from the Office of Detroit City Council President Brenda Jones
Stimulus checks, unemployment, business loans, student loans
Read here

National Small Business Town Hall Presented by Inc. and U.S. Chamber of Commerce
Held March 27 , several experts spoke about important aspects of the CARES Act and answered questions from concerned small business owners.
Watch the video; get the Coronavirus Guide for Small Business and U.S. Chamber Emergency Loan Checklist

CARES Act summary by House Small Business Chairwoman Nydia Velazquez
Stimulus summary from the U.S. House of Representatives
Read here


More Grants and Financial Resources

Resources for Artists as listed by the City of Detroit office of Arts, Culture & Entrepreneurship. Grants and funding for “professionals who make a living creating, entertaining, investing, designing, molding and teaching–as well as those running programs for children.” Local and national programs are listed here.

Facebook: New resources coming soon. Sign up for more details as they become available.

Restaurant Employee Relief Fund
The Restaurant Employee Relief Fund was created to help restaurant industry employees experiencing extraordinary hardship in the wake of the coronavirus disease (COVID-19) outbreak. Grants will be awarded as soon as possible to those individuals who meet the prescribed eligibility criteria, as reviewed and verified by the National Restaurant Association Educational Foundation (NRAEF).
Apply or Donate

LISC Small Business Relief Grants
LISC has partnered with Sam’s Club and Verizon to offer grants to help small businesses fill urgent financial gaps until they can resume normal operations or until other more permanent financing becomes available. Applications for the 3rd round of grants must be completed by May 20th, 11:59 PM ET.
Get more info and apply

Assistance for Freelancers and Gig Workers During the Coronavirus Pandemic
Many resources for artists, film, television and radio workers, and other creatives
Get the links

Emergency Preparedness

25% of businesses don’t open again after a disaster. Plan and prepare with information and checklists:

U.S. Small Business Administration


Architecture, Engineering, Construction and Real Estate

Floor covering industry professionals: Get free online training for concrete moisture testing certification during the health crisis lockdown period from Wagner Meters, a worldwide provider of wood and concrete moisture measurement instrumentation. Regularly $75. Get more information on Floor Talk

How architecture is exacerbating the coronavirus crisis for minorities and Black Americans: “COVID-19 has been a magnifying glass on the weaknesses in our systems.” – Kimberly Dowdell, president, National Organization of Minority Architects. Read the Architect’s Newspaper Article

A Building Engineer’s Response to the Corona Virus
How might we operate and maintain their HVAC systems to provide good indoor air quality and help reduce the risk of disease transmission? – by Sonya M. Pouncy, CEM, CMVP, LEED-AP, Energy Sciences via Louis J. Fisher, AIA, NOMA. Read article


Jobs

Wayne County (MI) Job Postings
Job listings on the Wayne County website
Jobs at WayneCounty.com


Take Care of Yourself

Make a mental separation between when you’re “at work,” and when you’re “at home,” and 9 other tips for working remotely. (WireMedia)

This Simple Tip Can Help Boost Your Immune System — and You Can Start Tonight (Thrive Global)

50 ways to experience culture from your couch
We may be confined to our homes, but luckily our access to global cultural institutions is nearly unlimited. On CNN

More News

Virus outbreaks generally not covered by business insurance policies (Crain’s Detroit Business via Orletta Caldwell)


Cover photo by Shahadat Rahman on Unsplash

%d bloggers like this: