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How to apply for Facebook's coronavirus business grants - Business Insider - Business Insider

How to apply for Facebook's coronavirus business grants - Business Insider - Business Insider


How to apply for Facebook's coronavirus business grants - Business Insider - Business Insider

Posted: 28 Mar 2020 07:40 AM PDT

Small businesses across the country are teetering on the edge of collapse because of the novel coronavirus, and Facebook is stepping in to help.

The social network will spend $100 million on grants to support over 30,000 small businesses in 30 countries, Facebook COO Sheryl Sandberg announced Tuesday. The funds will be paid out in a combination of cash and advertising credits to businesses that need help covering operational expenses and in paying rent or their employees, Business Insider's Dominic Reuter reported.

Restaurants, coffee shops, gyms, fitness studios, and cultural institutions across the United States have closed as authorities urge Americans to practice social distancing to slow the spread of the novel coronavirus that has already killed more than 20,000 people across the globe. Some cities forced the closures, while others shuttered voluntarily as customers embraced social distancing in an attempt to slow the virus' spread.

"We've heard loud and clear that financial support could enable them to keep the lights on and pay people who can't come to work," Sandberg wrote on Facebook Tuesday. "Whatever happens next, we will be working to help businesses weather this storm."

Here's how you can get a grant from Facebook for your business.

Grants, Loans Being Made Available To Small Businesses Affected By COVID-19 Crisis - News/Talk 94.9 WSJM

Posted: 27 Mar 2020 10:50 AM PDT

Small businesses in Michigan hurt by the COVID-19 pandemic can now apply for relief grants and loans through the state. The State Emergency Operations Center has released the following statement:

Michigan's small businesses impacted by the COVID-19 virus can now apply for grants and loans through the Michigan Small Business Relief Program, the Michigan Economic Development Corporation announced today. The program will provide up to $20 million in grants and loans to provide economic assistance to Michigan's small businesses that have been negatively impacted by the COVID-19 virus, and in turn help support workers and their families facing economic uncertainty during the outbreak. Information on how to apply, as well as eligibility criteria, is available at www.michiganbusiness.org/covid19.

"Small businesses across our state are facing unprecedented challenges as we take every step possible to mitigate the spread of coronavirus," said Governor Gretchen Whitmer. "With this funding, we can provide real assistance to support our businesses, communities, entrepreneurs and workers around the state impacted by the tough, but necessary actions we are taking to mitigate the spread of this virus."

The grants and loans under the Michigan Small Business Relief Program will support businesses facing drastic reductions in cash flow and the continued support of their workforce and may be used for working capital to support payroll expenses, rent, mortgage payments, utility expenses, or other similar expenses that occur in the ordinary course of business.

Key information to know about the application process includes:

  • There is one application, regardless of whether a business is applying for a grant or a loan. A business may receive a grant or a loan, but not both.
  • Businesses who do not receive grants may still be considered for loans.
  • The grants will be administrated by 15 regional economic development organizations throughout the state, which combined cover all 83 counties in Michigan.
  • All applications or recommendations for Michigan Small Business Relief Program loans will be referred from the partner EDOs to the MEDC for evaluation and disbursement.
  • Businesses should go to https://www.michiganbusiness.org/covid19/ to apply.

The Michigan Small Business Relief Program grants, authorized by the Michigan Strategic Fund on March 19, will be administered by 15 local and nonprofit economic development organizations (EDOs) around Michigan, covering all 83 counties in the state. These EDOs are responsible for reviewing applications of small businesses in their region and entering into agreements with eligible small businesses. Each EDO will establish a review committee that may include representatives from local workforce agencies, local SBDC representatives, business and nonprofit leaders, among others. The full list of EDOs administering Michigan Small Business Relief grants and the counties they will serve is below.

Local and nonprofit EDOs across Michigan applied for the grant funds and were selected based on capacity to administer the program and ensure coverage to small businesses in all 83 counties in Michigan.

The $10 million in loans through the Michigan Small Business Relief Program will be referred to the MEDC from the local EDO partners where it will be reviewed by a loan review committee including the Chief Business Development Officer and Senior Vice President of Business Development Projects. All loans made through the Michigan Small Business Relief Program will be approved through Michigan Strategic Fund delegated authority.

"We know small businesses across the state are struggling right now, and we are leveraging every resource available to provide relief in the face of these challenging economic circumstances," said MEDC CEO Mark A. Burton. "The Michigan Small Business Relief Program will provide immediate assistance to support the health and sustainability of the state's small businesses, communities and residents."

The MEDC anticipates that at least 1,100 businesses across the state will benefit from this program.

Approved economic development organizations:

Applicant Amount Counties Covered
 

Invest UP

 

$500,000

Keweenaw, Houghton, Ontonagon, Gogebic, Baraga, Iron, Marquette, Dickinson, Menominee, Alger, Delta, Schoolcraft, Luce, Mackinac, Chippewa
 

Networks Northwest

 

$500,000

Emmet, Grand Traverse, Charlevoix, Antrim, Kalkaska, Missaukee, Wexford, Manistee, Benzie, Leelanau
Otsego County Economic Alliance $200,000 Otsego, Crawford, Roscommon, Montmorency, Ogemaw, Oscoda
Target Alpena $200,000 Iosco, Alcona, Alpena, Presque Isle, Cheboygan
 

The Right Place

 

$1,000,000

Barry, Ionia, Kent, Lake, Mason, Mecosta, Montcalm, Muskegon, Newaygo, Oceana, Osceola
Lakeshore Advantage $300,000 Allegan, Ottawa
Middle Michigan Development Corporation $200,000 Isabella, Gratiot, Clare, Gladwin
Saginaw Future $400,000 Arenac, Bay, Midland, Saginaw
Flint & Genesee Chamber $850,000 Shiawassee, Genesee, Lapeer, St. Clair, Tuscola, Sanilac, Huron
Lansing Economic Area Partnership $600,000 Clinton, Eaton, Ingham
Southwest Michigan First $800,000 Kalamazoo, St. Joseph, Berrien, Calhoun, Van Buren, Cass, Branch
Ann Arbor Spark $900,000 Livingston, Washtenaw, Hillsdale, Jackson, Lenawee, Monroe
Oakland County $1,150,000 Oakland
Macomb Country $800,000 Macomb
Detroit Economic Growth Corporation $1,600,000 Wayne County

In addition to the Michigan Small Business Relief Program, 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, the Pure Michigan Business Connect virtual procurement and donation platform, 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. The latest information is available at Michigan.gov/Coronavirus and CDC.gov/Coronavirus.

TWU Launches $1M Grant Program to Help Women-Owned Small Businesses Struggling Due to Coronavirus - NBC 5 Dallas-Fort Worth

Posted: 28 Mar 2020 09:12 PM PDT

A North Texas university has launched a grant to help women-owned small businesses that have taken financial hits due to COVID-19.

This week, Texas Woman's University announced it would help up to 100 small businesses through a $1 million grant program. The university's Center for Women Entrepreneurs is offering 100 grants worth $10,000 each.

The AssistHer grant program applies to women-owned small businesses in Texas that have been impacted adversely by the coronavirus pandemic, according center director Shannon Mantaro.

"These are uncertain times, and we're here to help," Mantaro said. "We also are here to help people pivot on their business with creating new business plans. We have a full-time business adviser that can help any woman in Texas via Skype or any method we're using these days."

Qualifying businesses must be least 51% directly owned and controlled by one or more women who are U.S. citizens, according to TWU.

Amber Briggle, owner of Soma Massage Therapy in Denton, applied on Saturday. Briggle opened her Malone Street storefront in 2013 and has served more than 5,000 clients.

Her studio, like others, have been closed since March 21 following executive orders issued by Gov. Greg Abbott, R-Texas, pertaining to businesses and schools.

Though many clients have been rebooked, Briggle said figuring out the next steps have been tough.

"It's just these weeks or possibly months in between that we're not making any money that's really, really frightening for us," Briggle said. "We don't have any retail. We don't sell anything other than physical touch, other than contact. So we can't switch to online sales. We can't switch to an online point of sales. We can't do it like a lot of restaurants – curbside, delivery, takeout. We can't do that."

Though her business encourages people to purchase gift certificates for future use, the best thing they can offer at this point are phone calls to clients to check in and connecting through social media.

If she won one of the $10,000 grants, it would go towards operating costs like rent and utilities.

"My sincere hope at the end of this is when Gov. Abbott says, 'Ya'll can get back to work… the worst of it has passed,' I can just unlock that door. Send out an email, call all those people that we've missed and get right back to work," she said.

Grant applications will be assessed for funding on a rolling basis until available funding is expended.

For more information on the grant program and how to apply, click here.

Michigan small businesses impacted by pandemic can apply for grants and loans through program - WDIV ClickOnDetroit

Posted: 27 Mar 2020 09:57 AM PDT

Program will provide up to $20 million in grants and loans

photo

MICHIGAN – Michigan's small businesses impacted by the COVID-19 virus can now apply for grants and loans through the Michigan Small Business Relief Program, the Michigan Economic Development Corporation announced Friday.

The program will provide up to $20 million in grants and loans to provide economic assistance to Michigan's small businesses that have been negatively impacted by the COVID-19 virus, and in turn help support workers and their families facing economic uncertainty during the outbreak. Information on how to apply, as well as eligibility criteria, is available at www.michiganbusiness.org/covid19.

"Small businesses across our state are facing unprecedented challenges as we take every step possible to mitigate the spread of coronavirus," said Michigan Gov. Gretchen Whitmer. "With this funding, we can provide real assistance to support our businesses, communities, entrepreneurs and workers around the state impacted by the tough, but necessary actions we are taking to mitigate the spread of this virus."

The grants and loans under the Michigan Small Business Relief Program will support businesses facing drastic reductions in cash flow and the continued support of their workforce and may be used for working capital to support payroll expenses, rent, mortgage payments, utility expenses, or other similar expenses that occur in the ordinary course of business.

Key information to know about the application process includes:

  • There is one application, regardless of whether a business is applying for a grant or a loan. A business may receive a grant or a loan, but not both.
  • Businesses who do not receive grants may still be considered for loans.
  • The grants will be administrated by 15 regional economic development organizations throughout the state, which combined cover all 83 counties in Michigan.
  • All applications or recommendations for Michigan Small Business Relief Program loans will be referred from the partner EDOs to the MEDC for evaluation and disbursement.
  • Businesses should go to https://www.michiganbusiness.org/covid19/ to apply.

The Michigan Small Business Relief Program grants, authorized by the Michigan Strategic Fund on March 19, will be administered by 15 local and nonprofit economic development organizations (EDOs) around Michigan, covering all 83 counties in the state. These EDOs are responsible for reviewing applications of small businesses in their region and entering into agreements with eligible small businesses. Each EDO will establish a review committee that may include representatives from local workforce agencies, local SBDC representatives, business and nonprofit leaders, among others. The full list of EDOs administering Michigan Small Business Relief grants and the counties they will serve is below.

Local and nonprofit EDOs across Michigan applied for the grant funds and were selected based on capacity to administer the program and ensure coverage to small businesses in all 83 counties in Michigan.

The $10 million in loans through the Michigan Small Business Relief Program will be referred to the MEDC from the local EDO partners where it will be reviewed by a loan review committee including the Chief Business Development Officer and Senior Vice President of Business Development Projects. All loans made through the Michigan Small Business Relief Program will be approved through Michigan Strategic Fund delegated authority.

"We know small businesses across the state are struggling right now, and we are leveraging every resource available to provide relief in the face of these challenging economic circumstances," said MEDC CEO Mark A. Burton. "The Michigan Small Business Relief Program will provide immediate assistance to support the health and sustainability of the state's small businesses, communities and residents."

The MEDC anticipates that at least 1,100 businesses across the state will benefit from this program.

In addition to the Michigan Small Business Relief Program, 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, the Pure Michigan Business Connect virtual procurement and donation platform, 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. The latest information is available at Michigan.gov/Coronavirus and CDC.gov/Coronavirus.


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