Many small businesses are eligible for thousands of dollars in money from the federal government.

LANSING, Mich. – Relief is coming to Michigan businesses after a board last week approved $58.5 million in grants for economic losses due to the coronavirus pandemic that has strained the state’s economy. It included an allocation to the Michigan Strategic Fund under the Michigan Economic Development Corp. to distribute grants to eligible businesses. The Michigan Small Business Survival Grant Program will award $55 million in grants of up to $20,000 for small businesses that were forced to close and grants of up to $15,000 for the businesses partially closed. They must also employ less than 30 full-time employees and can't apply for the Michigan Small Business Survival Grant Program. The grants are not first-come first-serve, unlike a $10 million strategic fund program in December when more than 22,000 small businesses raced for about 650 grants.