There are some resources available to assist small business owners during this ongoing Pandemic. Oakland County One Stop Shop has a resource page with many tools and suggestions as well as links to available resources. One suggestion is to take advantage of this downtime to work on setting up or updating your website, marketing your business, create social media accounts, or even explore other ways to deliver your products. Make sure you are communicating to your customers.
The State of Michigan also has prepared a webpage which lists available resources to business owners. Please visit their page to find the latest resources for businesses of all sizes.
While our City Complex is closed we are still open for business. If you need assistance please reach out to Economic Development and Communications Director, Kimberly Marrone at firstname.lastname@example.org.
Oak Park Business Assistance Package
The Oak Park City Council passed a resolution in support of the Business Assistance Program. The program has been created to provide additional tools to help our businesses. The package can be found in its entirety here. It includes:
- Additional temporary signage allowed (see guidelines in package)
- Outdoor dining fee waiver (see guidelines in package)
- Sidewalk sales (coming soon)
- Business license late fees for year 2020 will be waived
- Grants through Patronicity and the Corridor Improvement Authority
- Reduced advertising fees in the City Magazine
- BUY LOCAL Campaign to support our businesses
- Farmers Market tables for retailers and restaurants free of charge (details coming soon - one of each per week to be selected by application)
Payroll Protection Program Loan Forgiveness Application
If your business received funding for PPP you are required to complete and submit a forgiveness application. This can be found on the SBA website here.
Payroll Protection Program Applications are open and the deadline is extended to June 30, 2020
The Paycheck Protection Program prioritizes millions of Americans employed by small businesses by directing $349 billion towards job retention and business operating expenses.
Small businesses and eligible nonprofit organizations, Veterans organizations, and Tribal businesses described in the Small Business Act, as well as individuals who are self-employed or are independent contractors, are eligible if they also meet program size standards.
Under this program:
- Eligible recipients may qualify for a loan up to $10 million determined by 8 weeks of prior average payroll plus an additional 25% of that amount.
- Loan payments will be deferred for six months.
- If you maintain your workforce, SBA will forgive the portion of the loan proceeds that are used to cover the first 8 weeks of payroll and certain other expenses following loan origination.
To Apply contact your local lender
Economic Injury Disaster Loan Program is again open for applications:
On June 15, the SBA began accepting new EIDL and EIDL Advance applications from qualified small businesses and U.S. agricultural businesses.
SBA also resumed processing EIDL applications that were submitted before the portal stopped accepting new applications on April 15. They are processing those applications on a first-come, first-served basis.
Eligible small businesses and agricultural businesses may apply for the Loan Advance here.here.
FREE PPE Kit from Oakland County - This is a great kit to kick start your business reopening. If you are a business in Oak Park with a current business license you can apply to receive your kit by applying here.
Match on Main Grant for businesses within the Corridor Improvement Authority
New resources for our businesses:
Oak Park Restart Toolkit
Recovery Readiness - How to reopen your workplace - Toolkit provided by Cushman and Wakefield
For a template on your reopen strategy please click here
COVID-19 Tax Relief for Business - IRS Website
For videos of how to manager your PPP Loan or EIDL loan and their tax implications see guidelines on the SBA website here.
Oakland County/MEDC Grant and Loan Programs - Round one has been announced and round two is under consideration. No new applications are being taken for round two. The Loan announcements should be coming soon.
Oakland County One Stop
Pure Michigan Business Connect
Small Business Association of Michigan
Detroit Regional Chamber of Commerce
Ferndale Area Chamber of Commerce
Oakland County Michigan Works Please visit their website to get information on giving temporary leave as opposed to layoffs, the work share program (if you are reducing hours of an employee they can get reduced unemployment benefits), some businesses are experiencing rapid growth based on the new demand in certain sectors. If you are in need of posting jobs visit mitalent.org or call 1-800-285-WORKS to post your jobs.
Under the federal CARES Act, Governor Whitmer signed an agreement between Michigan and the U.S. Department of Labor to expand unemployment benefits to workers who do not already qualify for state unemployment insurance. This includes workers who are self-employed, 1099-independent contractors, gig economy workers, and low-wage workers who can no longer work because of the COVID-19 outbreak. The agreement also increases weekly benefits for all unemployed workers by $600 per week for up to four months and extends benefit payments from 26 to 39 weeks.
If someone has already applied for unemployment benefits, they do not need to re-apply at this time. Additional guidance from UIA regarding eligibility and application details will be released in the coming days.
For more information click here
Shoployal - Businesses that want to stay in contact with their customers have the opportunity to use the Shoployal app for Free for 90 days visit their website for details www. merchant.shoployal.com fact sheet
PMBC - Some businesses that have the capacity to make new products have been reaching out as well. We encourage these businesses to visit the PMBC website to see the demand that is needed by product.
If employers are financially distressed but hope to continue operations by cutting back hours, they are encouraged to use the Unemployment Insurance Agency’s Work Share program that allows employers to maintain employment levels and business operations during declines in regular business activity rather than laying off workers. More information about the program can be found at www.michigan.gov/workshare.
Temporary Leave vs. Termination Due to the uncertainty regarding potential congressional action regarding whether and how furloughed workers will be able to access federal paid sick, family and medical leave resources, employers are strongly urged to place employees on temporary leave and advise the worker that they expect to have work available within 120-days as opposed to termination. There is no additional cost to employers, employees remain eligible for UI benefits through the state, and employees may remain eligible for potential federal assistance.
Steps for employers placing employers on temporary unpaid leave:
- Do not terminate the employee – specify a temporary/indefinite leave with return to work expected that is within 120 days.
- Do not create a contractual obligation to bring the employee back to work – Let the employee know that the situation is fluid and subject to change.
- Provide the employee with a formal Unemployment Compensation Notice. Employers will need to provide their Employer Account Number and Federal Identification Number.
- Communicate to the employee about their rights. Under Governor Whitmer’s recent Executive Order, workers are placed on leave, or are unable to work because they are sick, quarantined, immunocompromised, or have an unanticipated family care responsibility, are eligible for unemployment insurance benefits.
- Ensure employers are provided information on how to obtain unemployment insurance benefits. A factsheet can be found here.
- Get each employee’s up-to-date contact information.
- Let employees know if you will be putting updated information on the entity’s website or intranet, if applicable.
- Appoint a single, or limited number of individuals who will field questions, and communicate that information to employees.
- Keep a tally of all questions and answers. Periodically share with employees.
The state is monitoring issues related to continued medical insurance coverage and will update accordingly.
Elimination of Certain Unemployment Costs to Employers
Under the governor’s order, an employer or employing unit must not be charged for unemployment benefits if their employees become unemployed because of an executive order requiring them to close or limit operations.
The Michigan Economic Development Corporation’s call center stands ready to support businesses looking for assistance through other available state programs. For more information, visit the MEDC’s website: www.michiganbusiness.org or call 888.522.0103. The Michigan Small Business Development Center can also provide resources for small businesses impacted by COVID-19. Visit their website https://sbdcmichigan.org/small-business-covid19/ for additional information.
Information around this outbreak is changing rapidly. The latest information is available at Michigan.gov/Coronavirus and CDC.gov/Coronavirus.