Applications for Microenterprise Assistance Grant Program being accepted for micro-businesses affected by COVID-19.
The city of Sterling Heights is excited to announce its new Microenterprise Assistance Grant Program. The program provides CARES Act CDBG-CV grants (not loans) to small businesses with five (5) employees or less. The grants are to assist with the payment of a business’ preparation, prevention, and responses to the coronavirus. Applications will be accepted beginning Sept. 1, 2020.
“This program will provide much needed help to many of our City’s smallest businesses as they deal with the additional, unexpected obligations they are facing due to the coronavirus,” said Sterling Heights Mayor Michael Taylor. “Businesses of this size tend to be more quickly and significantly impacted by unexpected financial responsibilities, such as those required to implement coronavirus safety protocols. But, they are a vital part of our economy. So, it’s critical to our community that they get the help they need to see themselves through these challenging times.”
Some of the activities that the funds can be used for include: purchasing materials or equipment needed to adapt business spaces and activities to comply with CDC and social distancing guidelines; purchasing of safety supplies/materials for employees; and general financial assistance for business stabilization due COVID-19 related revenue shortfalls, such as rent, mortgage payments and utilities.
In addition to other eligibility requirements for the program, applicants must have a Dun & Bradstreet Number (DUNS) and be registered with the Federal System for Award Management (SAMS). Those who need assistance with their SAMS registration can attend a free “how to” webinar on Aug. 18 at 9 am.
Registration information for the free SAMS webinar, along with complete program details, eligibility requirements and online application procedures, are available on the City’s website at www.sterling-heights.net/microgrant. Business owners can contact program staff members with questions or help with the application process at email@example.com.
“Small businesses are the backbone of Sterling Heights,” said City Manager Mark Vanderpool. “We’ve heard from many of our small business owners that are struggling right now, so we listened and put together this program to help during these unprecedented times.”
Sterling Heights is known for its innovative approach to business development, attraction, and retention. This new grant program is just one tool in its very robust toolbox of economic development resources. For more information on Sterling Heights visit www.sterling-heights.net.