EIDL Program Retooled For Still-struggling Small Businesses

Michigan Launches New Afflicted Business Relief (ABR) Grant Program

Yeo & Yeo CPAs & Advisors

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The State of Michigan is launching a grant program to distribute up to $409 million of its American Rescue Plan Act funds. The program will support “Afflicted Businesses” – as defined by Public Act 132 of 2021 – that have experienced financial hardship due to the COVID-19 pandemic. The nine eligible business categories include:

  1. Entertainment Venues
  2. Recreational Facilities and Public Places of Amusement
  3. Barbers and Cosmetologists
  4. Exercise Facilities
  5. Food Establishments
  6. Nursery Dealers and Growers
  7. Athletic Trainers
  8. Body Art Facilities
  9. Hotels and Bed & Breakfast Establishments

 How do businesses apply?

An online application will open on Tuesday, March 1, at Michigan.gov/abr. Grants will not be based on a first come, first served basis. All applications must be submitted no later than 11:59 p.m. EDT on March 31, 2022.

Information requirements

Businesses will need to complete an online application, provide supporting documents and make a series of certifications. Eligible companies will also need to submit electronically the following:

  • Financial Documentation and Information to verify their decline in Michigan total sales from calendar year 2019 to calendar year 2020 for businesses in operation on October 1, 2019.
  • Financial Documentation and Information to verify their fixed costs for calendar year 2020 for businesses that were not in operation on October 1, 2019, but started before June 1, 2020.
  • Beneficiary Agreement with terms and conditions that has been electronically signed.

For more information on eligibility, requirements and award methodology, please read the Michigan ABR Grant Program Fact Sheet or visit Michigan.gov/abr.

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