SBA PROVIDES SIMPLIFIED PROCESS FOR PPP FORGIVENESS
Loans of $50,000 or Less
The U.S. Small Business Administration released a simplified loan forgiveness application for Paycheck Protection Program (PPP) loans of $50,000 or less. This action streamlines the PPP forgiveness process to provide financial and administrative relief to the more than 100,000 small businesses here in Michigan that have received PPP loans to date. Borrowers with loans of $50,000 or less are also now exempt from reductions in loan forgiveness amounts based on reductions in full-time equivalent (FTE) employees or in salaries or wages. Information on new instructions for PPP borrowers of $50,000 or less can be found here, with the new, simpler form for PPP forgiveness available here.
SMALL BUSINESS GRANTS FOR COVID-19 RECOVERY
The grant team has selected 48 awardees for the Michigan Small Business Restart Grant. $268,000 from the federal C.A.R.E.S. Act will be disbursed over the next two weeks. There were 96 grant request for a close to $1.6 million. The list of awards will be released by the Michigan Economic Development Corporation (MEDC) sometime in late September.
MECOSTA COUNTY STATISTICS
Additional Resources Available Online
Access additional COVID-19 resources for businesses and communities by visiting HERE.
Read more about programs supporting economic recovery for Michigan businesses by visiting HERE.
Visit HERE to find other valuable resources for employers, workers, residents and communities.
Mecosta County is committed to working as a partner with Travel Michigan's award winning Pure Michigan advertising campaign. Support from a variety of local partners resulted in Mecosta County's participation in the marketing campaign. To learn more about the treasures awaiting to be discovered in Mecosta County, click on the link below to listen to the Mecosta County 'Best Kept Secret' Pure Michigan radio ad! Be sure to visit Michigan's official Travel and Tourism site to learn more about what our great state has to offer.
For local information contact the Mecosta County Convention and Visitors' Bureau.
At the annual meeting on December 13, 2019, the Mecosta County Development Corporation Board of Directors elected Michele Graham, supervisor for Mecosta Township, to serve as chair for 2020. Board members also elected, Mark Gifford, city manager for Big Rapids as vice chair, Bill Stanek, supervisor of Big Rapids Township as treasurer and Eric Gustad, community affairs director for Consumers Energy will serve as secretary. The board also elected the following to the executive committee: Paul Bullock, Controller/Administrator for Mecosta County, Michelle Rasmussen, Office of the President, Ferris State University, Dave Hamelund of Hamtech Incorporated and Bob Fisher, President of Lake Osceola State Bank.
Jim Sandy serves as the President and can be contacted by email at: firstname.lastname@example.org