Grants and Relief Funds

Application Now Open for Lansing Region Emergency Small Business Relief Grant

The application for $10,000 Emergency Small Business Relief Grants is now available on the LEAP website, www.purelansing.com/businessrelief. As a reminder, LEAP was allocated $600,000 in emergency small business relief grant funds from the MEDC to distribute sixty (60) $10,000 grants to Lansing region small businesses in response to the COVID-19 pandemic.

 

Please share this opportunity with your networks to help get the word out to City of Lansing businesses. Note that this process is very brief in order to get these much needed funds to businesses as quickly as possible. The application will close on Tuesday, March 31st at 11:59PM and awardees announced by April 6th.

 

Applications will be reviewed thoroughly and the process will be highly competitive, so businesses are encouraged to take their time with the application and look over all grant materials carefully before submitting an application.

 

Small businesses wishing to apply for grant funds must be Michigan-based with under 50 employees (full or part time) and meet additional criteria. The application and eligibility information, including FAQs and local contacts, are available at www.purelansing.com/businessrelief.

 

Small Business Emergency Loan/Grants

Federal Disaster Relief Programs SBA

SBA & Treasury Begin Unprecedented Public-Private Mobilization Effort to Distribute Funds

http://www.michiganbusinessnetwork.com/blog/breaking-sba-treasury-begin-unprecedented-public-private-mobilization-effort-to-distribute-funds

 

SBA Loans – What You Need to Know:

The SBA Economic Injury Disaater Loan (EIDL) and SBA 7(a) Relief Programs by Cohen & Co.

 

SBA Economic Industry Disaster Loan Information and Grant Options from LEAP

Here is a snapshot of what was covered regarding loans from the Small Business Administration:

  • Just about every single business in the country will be deemed eligible – they did not want to answer specific eligibility questions on the call. They would prefer the business owner apply and work through the process with a loan officer.
  • Size standards for a small business are the same as they are for a business to apply for an SBA loan in the first place – if you see slide 5 of the presentation there is a link to the SBA size standards.
  • Most important thing to remember is that the borrower is not obligated to take this loan at any point during the application process – I would encourage you to have them apply while they work through other opportunities. If something else comes along better, they can stop the application process and not close on the loan.
  • They estimate the current turnaround time to be 21-30 days, but ask for patience as this is an unprecedented time for their group as well. They have worked with areas affected by disaster since the 1950s, but have never dealt with one of this magnitude that has affected essentially every business in the country.
  • Borrowers who own rental properties may be eligible! This will be huge for a lot of borrowers in northern Michigan.
  • Borrower cannot list a PO Box – there must be a physical address.
  • This program is not meant for agricultural enterprises – those business owners will need to use USDA or another farm service agency.

Please check out PowerPoint for more information: https://bit.ly/3bBXnxs

 

  • SBA Disaster Loan Application – Webinar Update (March 26, 2020)

1.           New access to online application:  sba.gov/disaster

2.           Estimate 30 days from application to funding

3.           New site—-fillable pdfs, download, complete, save to desktop, sign, upload through box on sba.gov/disaster

4.           If in doubt, apply and let loan officer assist client with what is needed or further questions

5.           As of today, dropped credit score/worthiness requirement

6.           As of today, dropped credit elsewhere questions, don’t have to prove denials

7.           Applicant does not request an amount,  describe to clients as an application for credit card—client applies, SBA decides the amount based on info client submitted and SBA will notify client

8.           There is a process for reconsideration if client feels they need a different amount

9.           Eleven month payment deferral—first payment due in month 12 after date of signing promissory note

10.         If denied SBA loan, can ask for reconsideration and have 6 months to do so

11.         No known minimum for $ approved

12.         Client will get call from LO if more info needed.  Otherwise, client will get approval notice with amount or denied communication

13.         Having other conventional SBA loans, does make clients ineligible for disaster loan

14.         Loans processed in order received

15.         Additional forms on sba.gov/disaster.  Clients can send with submission or wait to see if requested by LO

16.         Complete SBA form P-019 with app

 

Small Business Administration (SBA)

Process for Accessing COVID-19 Disaster Relief Lending

https://www.sba.gov/about-sba/sba-newsroom/press-releases-media-advisories/sba-provide-disaster-assistance-loans-small-businesses-impacted-coronavirus-covid-19

Unemployment Resources

Michigan governor announces new unemployment programs for workers hit by coronavirus pandemic

https://www.mlive.com/public-interest/2020/03/michigan-governor-announces-new-unemployment-programs-for-workers-hit-by-coronavirus-pandemic.html

 

 Employment Issues – Work Share Program

https://documentcloud.adobe.com/link/review?uri=urn%3Aaaid%3Ascds%3AUS%3A9a373b54-a732-4cff-b129-6453a2239007 

 

MI Unemployment and the Federal PSL/FMLA Options

We also have new clarification on the “choice” between the MI Unemployment and the Federal PSL/FMLA options as follows. They are not really “options”, but each was intended to address one of two business scenarios as follows:

  1. MI Unemployment option is for those business who were forced to close or reduce hours or layoff workers due to mandate.  Direct employees to apply for it as usual on the UIA website noted in this resource:  https://www.michigan.gov/coronavirus/0,9753,7-406-98163-521770–,00.html  You are not charged for the unemployment IF the reason is due to an Executive Mandate.
  2. Federal PSL/XFMLA option is for those businesses that stay open, and have work available but employees who are unable to work due to need to attend to children home from school, are sick themselves, or need to care for someone who is sick (see other reasons in the slide resources).  Use standard FMLA forms (as they are kept internally and not filed with the government) and note the COVID19 reason as the need for leave:  https://www.dol.gov/agencies/whd/fmla/forms  and follow the rest of the expanded mandate on that.  Reimbursement will be through direct tax credits. See DOL notice 
    https://www.dol.gov/newsroom/releases/whd/whd20200324  and IRS notice
    https://www.irs.gov/newsroom/treasury-irs-and-labor-announce-plan-to-implement-coronavirus-related-paid-leave-for-workers-and-tax-credits-for-small-and-midsize-businesses-to-swiftly-recover-the-cost-of-providing-coronavirus   

Other Links and Support

COVID – 19 Data for Michigan

This is the web link: 

https://jsanciangco.maps.arcgis.com/apps/opsdashboard/index.html#/e93542d30eee4ffd903c6243e8f53161

and here it is in mobile-friendly version: https://arcg.is/05iraz

 

Articles

Comprehensive article on outbreak

https://medium.com/@tomaspueyo/coronavirus-act-today-or-people-will-die-f4d3d9cd99ca

Michigan Unemployment expansion MLIVE

https://www.mlive.com/public-interest/2020/03/michigan-expands-unemployment-benefits-amid-coronavirus-concerns-to-include-sick-workers-caregivers.html

Factual Information on COVID 19

Centers for Disease Control

Coronavirus Disease 2019 (COVID-19)

Frequently Asked Questions

Michigan Department of Health & Human Services

Coronavirus

Coronavirus disease 2019 (COVID-19) Q&A

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Self Care Resources

Centers for Disease Control

Mental Health & Coping During COVID-19    Coping with a Disaster or Traumatic Event

Substance Abuse and Mental Health Services Administration

Coping With Stress During Infectious Disease Outbreaks

___________________________________________

Talking with Children

National Association of School Psychologists

Talking to Children About COVID-19 

Child Mind Institute

Talking to Kids About the Coronavirus

Kid Health

Coronavirus (COVID-19): How to Talk to Your Child (for Parents)

Centers for Disease Control

Talking with children about COVID 19

___________________________________________

Free Referral and Information Helpline

Michigan 2-1-1

Need help with food, housing, or paying bills? Need support in a family crisis or community disaster?  2-1-1 is a free referral and information network that connects people to a wide range of health and human services, 24 hours a day, 7 days a week.  To contact 2-1-1 simply dial the numbers 2-1-1 from any phone.  2-1-1 operators offer help in 180+ languages.

___________________________________________

 

CDC Interim Guidance for Businesses & Employers

General Situational Information

https://www.cdc.gov/coronavirus/2019-ncov/community/guidance-business-response.html

 

Families First Coronavirus Response Act

https://appropriations.house.gov/sites/democrats.appropriations.house.gov/files/Families%20First%20Summary%20FINAL.pdf

 

U. S. Rep. Elissa Slotkin

https://slotkin.house.gov/media/press-releases/rep-slotkin-outlines-steps-small-businesses-can-take-apply-sba-coronavirus

 
Clark Schaefer Hackett, which tax program is the best
 

Home Builders Association of Greater Lansing Announces Brent Forsberg as New President

LANSING, Mich. – Home Builders Association of Greater Lansing (HBA) publicly announced on January 8th, 2020 that HBA has appointed Brent Forsberg of T.A. Forsberg Inc. as the 2020 President of the association. Brent Forsberg has been an active member of the association both Locally and Nationally for 22 years.

“Brent is the right leader for HBA,” said Cindy Kosloski, Chief Executive Officer of HBA. “Brent’s real estate background and his significant experience should help HBA to grow and help members to enhance their networking.”

“I appreciate the confidence bestowed by the membership in me to be the 2020 President,” said Brent Forsberg. “My 2020 vision is to promote our industry in the region. All the HBA members are the key to making that happen. This is going to be a great year for the Lansing Region. The HBA is excited and proud to help people create the best experiences in how they use their homes.

More information on the HBA website at hbalansing.com.

 

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Importance of Manufacturing in the Capitol Region

In celebration of Manufacturing Day 2018, The WILS Morning Wake-Up w/Dave Akerly kindly hosted T.A. Forsberg, Inc. President and CEO Brent Forsberg. During their chat, the two discussed the importance of manufacturing in the capitol region, and how “the Community Developer” is hard at work to breathe life into a one-of-a-kind multi-use manufacturing centric development, unlike Lansing has ever seen before.

For more information click here.

What Makes An Exceptional City?

T.A. Forsberg, Inc. President and CEO Brent Forsberg drops by Fox 47’s The Morning Blend to speak on what makes a great city and what residents of Lansing can do to become advocates for the great things happening in their own backyard!

For more information click here

What would liven up Lansing’s downtown?

There is no shortage of potential for the city of Lansing’s downtown area, but where exactly should residents, developers, and officials be focusing their efforts to bring our urban core to new heights? T.A. Forsberg, Inc. President and CEO Brent Forsberg shared his thoughts on just that with the Lansing State Journal.
For more information click here

517.349.9330 (phone) | 517.349.7131 (fax)
2422 Jolly Road, Suite 200, Okemos, MI, 48864

517.349.9330 (phone) | 517.349.7131 (fax)
2422 Jolly Road, Suite 200, Okemos, MI, 48864