MACOMB COUNTY, Mich. (FOX 2) - About 4,000 businesses in Macomb County can get a $5,000 grant from the CARES Act to help ease the pain of the coronavirus.
The only criteria are you've got to have a physical location in Macomb County and less than 49 employees. There is about $20 million available.
This browser does not support the Video element.
Deadline approaching for small businesses to claim federal money in Macomb County
There are 4,000 businesses in Macomb County which can get a $5,000 grant from the CARES Act to help ease the pain of the coronavirus.
"You can use it for payroll, a mortgage payment your rent, payment your utilities," said Stacy Ziarko, CEO Sterling Heights Chamber of Commerce. "If you have to start your supply chain again as a restaurant. This is really to help you- that's what it's here for."
But the filing deadline is Wednesday at midnight and amazingly, a lot of businesses in Macomb County don't know about this free money which they don't have to pay back.
You will need a W9, and you need a recent utility bill and sign an affidavit by Wednesday at midnight, which can all be done online and you're good to go.
The list of requirements are:
- Must have a physical location in Macomb County (office/building/store front).
- Employee size is 1- 49 employees.
- Must be a for-profit organization.
- Business must have a valid Employer Identification Number (EIN).
- Business must have been in business for at least 12 months.
- Business must showcase a verifiable need for working capital to support payroll expenses, rent, mortgage payments, utility expenses and/or other similar expenses that occur in the ordinary course of business.
The grant application is at www.MacombBusiness.com