City of Warren issued the following announcement on April 27.
Paycheck Protection program:
The Paycheck protection program has received additional funding as of Friday April 24 – the President signed a $484 billion small business relief bill Friday afternoon, with applications opening this morning.
We encourage Michigan businesses to apply for funding, and if they applied previously, to apply again if they previously did and did not successfully receive funding.
According to a Free Press article on 4/24, Michigan businesses and eligible nonprofits were approved for 43,438 Paycheck Protection forgivable loans for the initial round, totaling about $10.4 billion, according to the Small Business Administration. Nationwide, the average size of the loans was $206,000 and the construction industry was approved for the most dollars (13% of the total). The business administration has yet to report loan details for individual states.
Visit the Paycheck Protection Program Michigan site or the DTE hosted Business Resource Guide for more information
Payment Programs:
DTE announced more resources available for residential customer payment programs. Please find details here.
Original source can be found here.
Source: City of Warren
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