Economic Injury Disaster Loans and Advance Program Available
To further support the needs of small businesses throughout the country, the Small Business Administration (SBA) this week reopened the Economic Injury Disaster Loan (EIDL) and EIDL Advance program portals, opening up new loan opportunities for small manufacturers. The program is offered to eligible applicants experiencing economic disruption due to COVID-19.
The EIDL offers long-term, low interest assistance for a small businesses and these loans can provide vital economic support to help alleviate temporary loss of revenue. The program allows a company to use the loan for payroll and inventory expenses, to pay any existing debt or to fund other eligible expenses. The EIDL Advance will provide up to $10,000 ($1,000 per employee) of emergency economic relief to businesses that are currently experiencing temporary difficulties. What’s more, the EIDL Advance does not have to be repaid.
Check out MMA’s Financial Relief Tool Kit to learn more about SBA’s EIDL program and to stay up-to-date on all federal and state economic relief programs.
New & Notable
State Launches MI Symptoms Web Application
The MI Symptoms Web Application is a no-cost option for employee screening, developed by the State of Michigan in partnership with the University of Michigan, to help companies comply with Executive Order 2020-114 and implement a COVID-19 symptoms. Users enter information into the online questionnaire daily to help identify symptoms that might be caused by the virus and to make decisions about when to seek appropriate medical care. Local and state public health will also use the collective data to help identify the potential for new outbreaks of the disease.
MI Symptoms and MI Safe Start Map are part of the state’s “Contain COVID” efforts to safely reengage the economy.
Guidance and Resources for In-Person Manufacturing Operations
MFG Tools for Safe & Productive Operation 3.0 is a one-stop source for workplace safety requirements, best practices and direct access to partners who can support their efforts to scale up operations.
Now in its third iteration, this interactive digital resource is updated with new state and federal regulations and includes more than 40 member companies with products and services to address your companys challenges. Use the MFG Tools to for help with decontamination, employee screening, financial relief, information technology, loss control, personal protective equipment, process improvement, social distancing, training and more
Resources for Manufacturers
MMA continues delivering effective solutions for Michigan manufacturers and working with state officials to address manufacturings most pressing concerns, including increased production, bringing workforce back, cash flow and compliance with rapidly changing regulations.
Check out the variety of resources designed to help you stay competitive in a COVID-19 world: