Detroit EDC approves $3.1M Relief Fund for Detroit Small Businesses

2020
POSTED BY

Grants will be available to Detroit small businesses with:

  • Fewer than 50 employees
  • Less than $1 million in average net income
  • Demonstrated net income loss due to COVID-19 outbreak as demonstrated through P&L
  • Eligible businesses can receive $2,500 to $10,000 to pay regularly occurring business expenses such as:
    • Size of grant will depend on three primary factors:
    • Amount of demonstrated net income loss due to COVID-19
    • Age of business

Full eligibility requirements and scoring criteria are available in the Program Guidelines at http://www.degc.org/local-business-support-for-covid-19/

Online application are open NOW: http://www.degc.org/local-business-support-for-covid-19/

Applications will be accepted and awards will be made on a rolling basis subject to availability of funds First payments expected to be processed by April 10

Detroit Small Business COVID-19 Relief Grant Fund.pdf