COVID-19 UPDATES

The Ogemaw County EDC is here to provide assistance to area businesses that have been impacted as a result of COVID-19. This page will continuously be updated with information as it develops to provide resources and news that we hope will be found helpful throughout this difficult time. Please continue to visit this site frequently. Please contact us if you see any missing or incorrect information.

Governor Whitmer announced that on June 22nd capacity for both indoor and outdoor settings will increase to 100% and the state will no longer require residents to wear a face mask.

 

BACK TO WORK: EMPLOYER RESOURCE

Labor and Economic Opportunity

The pandemic has created barriers to returning to work for many hardworking Michiganders. The State of Michigan offers programs aimed at helping employers fill job openings and provide safe, healthy work environments for employees.

ECONOMIC INJURY DISASTER LOAN (EIDL)

Loan

The U.S. Small Business Administration (SBA) has designated COVID-19 as a qualifying event for the provision of Economic Injury Disaster Loans (EIDL) for businesses and private non-profits in declared zones.

EMPLOYER RETENTION TAX CREDIT

Taxes

The IRS urges employers to take advantage of the newly extended employee retention credit, designed to make it easier for businesses that, despite challenges posed by COVID-19, choose to keep their employees on the payroll.

PAYCHECK PROTECTION PROGRAM (PPP)

Loan

The Paycheck Protection Program (PPP) provides loans to help businesses keep their workforce employed during the COVID-19 crisis.

MICHIGAN SMALL BUSINESS ADMINISTRATION

Resource

In addition to traditional SBA funding programs, the CARES Act and subsequent legislation established several new temporary programs to address the COVID-19 outbreak.

MICHIGAN ECONOMIC DEVELOPMENT CORPORATION (MEDC)

Resource

MEDC provides a list of resources and information for Michigan businesses during the COVID-19 outbreak. The page is continuously updated as resources become available.

DISTRICT HEALTH DEPARTMENT 2

Resource

DHD2 hosts resources for businesses looking for guidance about MIOSHA requirements.

U.S. DEPARTMENT OF TREASURY

Resource

Covid-19 Economic Relief: Latest Programs and Updates

WORK OPPORTUNITY TAX CREDIT PROGRAM

Tax Credit

The Work Opportunity Tax Credit is a federal credit available to private-for-profit employers who hire from specific targeted groups of people that have in the past experienced difficulty in securing employment.  For the first year of employment, WOTC allows maximum credits of $4,800 to $9,600 for disabled veterans, $4,000 for long-term recipients of Temporary Assistance to Needy Families (TANF), and $2,400 for all other target groups.  There is an additional $5,000 credit for long-term TANF recipients who are employed for a second year. The maximum credit amounts for tax-exempt organizations can vary from $1,560 to $6,240. The credit, or any unused portion of the credit, can be carried back one year or forward 20 years from the year in which the employer claims the credit.