Governor’s concept: Guarding tiny corporations, rebuilding our financial system | Small business

Editor’s notice: This post was printed in the Report-Eagle’s Financial Outlook 2020 segment. For a lot more tales, simply click in this article to go through the segment in its entirety on the internet.






Whitmer


These earlier seven months have been devastating for our people, our frontline workers, and our compact organizations. I know that modest enterprise owners — who have spent their overall life making their companies — are hanging on by a thread suitable now.

I have spoken to men and women across the condition who require their leaders to just take action on their behalf. And I have regularly identified as on the President and Congress to pass a bipartisan aid bundle that allows our modest organization house owners get again on their ft.

As we head into the wintertime months, modest business house owners and cafe owners will deal with exceptional challenges. Foot traffic will decrease, and the temperature will make it complicated to supply outdoor seating.

We have to have the Trump Administration to stage up and safeguard these businesses from going underneath. But I’m not heading to just wait on the federal govt. My administration is finding to operate.

My crew and I have been functioning about the clock to assistance our tiny companies in Michigan. The Michigan Smaller Small business Aid plan awarded $10 million in grants and nearly $10 million in financial loans to small organizations in all 83 of the 83 counties in the state. More than 2,700 modest businesses were awarded grants as a result of the software.

The Michigan Little Enterprise Restart Grants, which offered $100 million in federal funding for small company reduction grants, was modeled just after the Michigan Little Company Aid Plan, primarily based on its achievements. Far more than 100 corporations in Grand Traverse County received a total of $1,599,541 in Restart grants. Also, TentCraft, Inc. in Traverse Town also been given a $75,000 COVID-19 Crisis Accessibility and Retooling Grant via the Pure Michigan Business enterprise Connect Method, to shift production from situations tents to healthcare tents.

These programs ended up created to assistance females, minority and veteran-owned firms. They are a good commence in preserving our smaller business enterprise entrepreneurs, but we need much more aid from the federal federal government if we’re heading to enable all of our little small business entrepreneurs get again on their feet.

We also have been working to develop pathways to opportunity for Michiganders across the point out.

As of appropriate now, more than 70,000 people have utilized to the Futures for Frontliners software, which offers a route to opportunity for frontline staff who worked on our behalf throughout the COVID-19 pandemic. This software delivers a tuition-free of charge pathway to a postsecondary degree or certificate.

And the fiscal year 2021 budget that I signed in September contains funding for the Michigan Reconnect Plan, which supplies a tuition-no cost pathway for adults searching to earn a postsecondary certification or affiliate diploma.

Michigan’s meals and agriculture sector has been strike especially hard by COVID-19, so very last thirty day period, my administration introduced that a overall of 177 farms and 159 meals processors have been awarded $15 million in Michigan Agricultural Safety Grants to mitigate pitfalls of the COVID-19 virus across the state’s food items creation market.

Moreover, 124 tiny farms of much less than 10 staff acquired $567,000 in grants for COVID-19 possibility mitigation as a result of the MEDC Smaller Farm Protection Grants. This method puts federal funding to work for Michigan’s farms, and builds on extra COVID-19 reduction initiatives led by MEDC and MDARD to generate a powerful basis for Michigan’s prolonged-time period financial restoration.

I will keep calling on the president to do the job across the aisle on a bipartisan guidance offer for our families, our frontline staff, and our smaller small business house owners.

We are not out of the woods still when it comes to preventing COVID-19. And as we technique the 2020-2021 flu season, we need to go on to keep sensible, get a flu vaccine, and follow demanding security measures.

Anyone need to continue stepping up and executing their section to shield our family members, frontline workers and small organization proprietors. Make confident you continue to keep spreading the phrase: Use a mask, apply safe physical distancing, clean your fingers commonly. We will get via this together.