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Latest News & Blogs

385 News
385 News
Work Share program provides an option for employers looking to avoid layoffs during COVID-19 crisis
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Work Share program provides an option for employers looking to avoid layoffs during COVID-19 crisis

Work Share is a program that permits employers to maintain operational productivity during declines in regular business activity instead of laying off workers. With the plan, rather than being laid off, eligible employees work a reduced number of hours in the work week and receive a portion of weekly unemployment benefits.

Banking guidance during COVID-19 crisis
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Banking guidance during COVID-19 crisis

During a time of unknowns, both banks and businesses are having to adjust their strategies and approaches to financial matters to accommodate for the drastic and unexpected disruptions to daily operations.

Michigan Strategic Fund votes in favor of economic relief program for small businesses, up to $20 million in grants and loans
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Michigan Strategic Fund votes in favor of economic relief program for small businesses, up to $20 million in grants and loans

On March 19, 2020, the Michigan Strategic Fund (MSF) unanimously voted to approve a $20 million economic relief program intended to provide financial relief to small businesses struggling in the wake of the COVID-19 crisis.

SBA loans now available for small businesses impacted by COVID-19
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SBA loans now available for small businesses impacted by COVID-19

Governor Gretchen Whitmer announced today the U.S. Small Business Administration (SBA) has approved her request for a statewide Economic Injury Disaster Loan (EIDL) declaration, opening the opportunity to small businesses to access low-interest loans from the SBA.

Details on the recently passed Families First Coronavirus Response Act
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Details on the recently passed Families First Coronavirus Response Act

On March 18, 2020, the Senate passed legislation surrounding leave provisions in relation to COVID-19. The Families First Coronavirus Response Act contains leave provisions applicable to private employers with fewer than 500 employees, as well as some governmental employers.

COVID-19 contraction risk matrix from the Office of Attending Physician
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COVID-19 contraction risk matrix from the Office of Attending Physician

The Office of Attending Physician in the U.S. senate has developed a decision matrix on an individual's varying degrees of risk for contracting COVID-19 based on recent interactions. In the absence of specific guidance from local public health professionals, this CDC-based tool may be used.

Survey: Identifying suppliers and providers of Personal Protective Equipment and Medical Supplies
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Survey: Identifying suppliers and providers of Personal Protective Equipment and Medical Supplies

In the wake of the COVID-19 crisis, the Association of the Nonwoven Fabrics Industry (INDA) has appealed to all Personal Protective Equipment (PPE) and Medical Supply companies to complete a brief 5-10 minute survey.

Michigan SBDC hosts free webinars to guide business owners amid COVID-19
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Michigan SBDC hosts free webinars to guide business owners amid COVID-19

The Michigan Small Business Development Center (SBDC) has created a database of resources for businesses looking for guidance and support amid the COVID-19 crisis. The following is a list of upcoming webinars the SBDC will be hosting for Michigan business owners, free of charge.

Michigan Department of Treasury announces update on small business taxes
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Michigan Department of Treasury announces update on small business taxes

Today, the Michigan Department of Treasury announced that small businesses that have experienced disrupted operations due to the COVID-19 pandemic now have additional time to make their sales, use and withholding tax monthly payment.

Grand Rapids Chamber begins hosting conference calls to answer questions from businesses
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Grand Rapids Chamber begins hosting conference calls to answer questions from businesses

The Grand Rapids Chamber has begun hosting regular conference calls to address questions that are top-of-mind for its members.

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Media Contact: Andria Romkema