HB 5791 Summary

• Appropriates $31,000,000 in supplemental funds for fiscal year ending September 30, 2020, with $50,000,000 designated for a small business relief grant program operated by the Michigan Strategic Fund.

• Establishes small business relief grant program to provide grants up to $10,000 each to eligible businesses affected by the COVID-19 emergency with 50 or fewer employees.

• Grants limited to businesses in industries outlined in Executive Order No. 2020-9 or those otherwise affected by COVID-19, requiring demonstrated income loss and use of funds for working capital (payroll, rent, mortgage, utilities, or similar business expenses).

• Prohibits grants to businesses that previously received grants and requires the Michigan Strategic Fund to post application criteria online and provide monthly reports to legislative fiscal agencies and state budget office.

• Designates appropriated funds as work project funds with estimated completion date of September 30, 2021, allowing unencumbered funds to carry forward to succeeding fiscal year.