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BREAKING: SBA & Treasury Begin Unprecedented Public-Private Mobilization Effort to Distribute Funds

Michigan Business Network
April 1, 2020 9:00 AM

Following President Trump’s signing of the historic Coronavirus Aid, Relief, and Economic Security (CARES) Act, SBA Administrator Jovita Carranza and Treasury Secretary Steven T. Mnuchin today announced that the SBA and Treasury Department have initiated a robust mobilization effort of banks and other lending institutions to provide small businesses with the capital they need.

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SBAM | Paycheck Protection Program Details Released (corrected)

Michigan Business Network
March 31, 2020 6:00 PM

The Payroll Protection Program goes live April 3, 2020.

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CARES Act The Impact on U.S. SBA Existing Loan Programs and New Loan Programs March 30, 2020

Michigan Business Network
March 31, 2020 3:00 PM

Congress approved and the President signed into law, the CARES Act on March 27, 2020. Certain provisions within the ACT have an impact on current SBA loans in addition to creating new loan and grant programs. This is a high-level look at some of the major portions of the Act.

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Michigan Implements Expansion of Unemployment Assistance

Michigan Business Network
March 31, 2020 9:00 AM

Following Peters’ Legislation Being Signed into Law CARES Act Last Week Included Peters-led Pandemic Unemployment Assistance Act

DETROIT, MI – U.S. Senator Gary Peters (MI) today welcomed the State of Michigan’s announcement today that it will expand unemployment assistance to Michigan workers impacted by the Coronavirus pandemic. The expansion was made possible because of Peters’ Pandemic Unemployment Assistance Act, which was included in the federal, bipartisan Coronavirus, Aid, Relief and Economic Security (CARES) Act signed into law last week.

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Lansing Regional Chamber Pulling Regional Organizations Together to Address COVID-19 Crisis

Michigan Business Network
March 27, 2020 7:30 PM


The Lansing Regional Chamber of Commerce (LRCC) is pulling regional partner organizations and key stakeholders together to coordinate strategies surrounding the COVID-19 pandemic. LRCC has set up weekly calls to discuss COVID-19, its economic impact on the Lansing region and how to align communication efforts. 

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FDA Issues Emergency Use Authorization for Ventilators

Michigan Business Network
March 27, 2020 4:30 PM

The U.S. Food and Drug Administration (FDA) took action to make more ventilators available to health care personnel in the United States.

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Peters Delivers Weekly Democratic Address

Michigan Business Network
March 27, 2020 4:15 PM

Highlights Expansion of Unemployment Benefits, Significant Hospital Funding, Support for Small Businesses in 3rd Coronavirus Package

DETROIT, MI – U.S. Senator Gary Peters (MI) today delivered the Weekly Democratic Address, specifically highlighting efforts to ensure that the third Coronavirus package that passed the Senate included legislation to expand unemployment benefits and measures to provide robust support for small businesses, and significantly more funding for hospitals and health care professionals during this crisis. The bipartisan Coronavirus, Aid, Relief and Economic Security (CARES) Act includes Peters’ Pandemic Unemployment Assistance ActIt would create an unemployment compensation program to provide federally funded benefits to people unable to work because of the Coronavirus. It would expand who is eligible for unemployment to include workers who have exhausted their state unemployment benefits or other workers who would not usually qualify, such as self-employed workers like small business owners, freelance workers, independent contractors, and seasonal workers as well as individuals who’ve recently started or were about to start a new job. Workers could receive benefits for up to 39 weeks.

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Coronavirus Aid, Relief and Economic Security (CARES) Act Key Small Business Provisions Fact Sheet

Michigan Business Beat
March 27, 2020 4:00 PM

Courtesy NSBA

The bipartisan legislation—the Coronavirus Aid, Relief, and Economic Security (CARES) Act—designed to pump $2 trillion into the U.S. economy to help millions of American workers and businesses survive the effects of the novel coronavirus pandemic gripping the country has been passed in the Senate and House. 

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Michigan Business Network
March 27, 2020 12:00 PM

Are you tuning in to the SBAM Daily Briefing?

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MCSB An Update from us on COVID-19 Resources

Michigan Celebrates Small Business
March 27, 2020 11:00 AM

Small Businesses,
Michigan Celebrates recognizes these are uncertain times during the COVID-19 pandemic. We want to assure Michigan’s small businesses that we will get through this crisis. The MCSB founding partners are here for you during this time. 
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