The State of Michigan is launching a grant program to distribute up to $409 Million of its American Rescue Plan Act funds to provide resources to businesses.
Donor Name: State of Michigan
State: Michigan
Type of Grant: Grant
Deadline: 03/31/2022
Details:
Grant Award Amounts
- Businesses that Pay Property Taxes
- Base “Hardship”-For an eligible business that pays property taxes, the amount of Michigan (non-residential housing) property taxes paid for calendar year (CY) 2020.
- +% of SUI Paid-50% of the state unemployment insurance (SUI) taxes paid for CY 2020.
- +Select Fees Paid-Any on-premise liquor license fee during CY 2020. Any license or food inspection fee paid in CY 2020 under the Michigan Food Law. Any license or inspection fee paid in CY 2020 (not including any on-premise liquor or food establishment license fee).
- Businesses with Leased Premises
- Base “Hardship”-For an eligible business that leases business premises, 17% of lease costs in 2020.
- +% of SUI Paid-50% of the state unemployment insurance (SUI) taxes paid for CY 2020.
- +Select Fees Paid-Any on-premise liquor license fee during CY 2020. Any license or food inspection fee paid in CY 2020 under the Michigan Food Law. Any license or inspection fee paid in CY 2020 (not including any on-premise liquor or food establishment license fee).
Criteria
- The criteria, defined as “financial hardship,” means an amount equal to a business’s decline in total sales in Michigan capped at an amount equal to the sum of the following:
- For a business that pays property taxes directly, an amount equal to the Michigan property taxes paid by the business for calendar year 2020. Property taxes paid for property classified as residential may not be included in the calculation.
- For a business that is a lessee, an amount equal to 17% of the annual lease cost for business facilities paid by the business in Michigan for calendar year 2020.
- An amount equal to 50% of the amount of Michigan unemployment insurance taxes paid by the business for calendar year 2020.
Eligible Businesses
In order to be eligible to apply for business resources you must be one of the following business types listed below and not tax exempt, and not a government entity.
- Entertainment Venue: here are subcategories:
- Conference center
- Performance venue
- Sporting venue
- Stadium
- Theater
- Auditorium
- Arena
- Banquet hall
- Cinema
- Concert hall
- Recreational Facility or Public Place of Amusement: here are subcategories:
- Casino
- Nightclub
- Skating rink
- Water park
- Trampoline park
- Amusement park
- Arcade
- Bingo hall
- Bowling alley
- Cosmetology or Barber Services
- Exercise Facility/Gym
- Food Service Establishment
- Nursery Dealer or Grower
- Athletic Trainer
- Body Art Facility
- Hotel or Bed & Breakfast
For more information, visit Business grant program.
