Resources for Royal Oak Businesses Impacted by Covid-19
(updated November 19, 2020)
Provided below is a list of resources and information for Royal Oak businesses during the COVID-19 (Coronavirus) outbreak. The city, DDA, and Chamber of Commerce are in constant communication with the economic development leadership at the state and county levels, and this page will be updated as more resources become available.
STATE OF MICHIGAN EMERGENCY ORDER
(NOVEMBER 15, 2020 - DECEMBER 8, 2020)
For more information and frequently asked questions, please visit: https://www.michigan.gov/coronavirus/0,9753,7-406-98178_98455-545420--,00.html
SBAM WINTERIZATION GRANT
To help small businesses successfully navigate the winter ahead and prevent the spread of COVID-19, the Small Business Association of Michigan is partnering with the Michigan Department of Labor and Economic Opportunity (LEO) to administer at least $3 million in weatherization grants to assist qualified small businesses with expanding outdoor capacity during the cold weather months. Eligible businesses may apply to receive between $1,000 – $10,000 in funding for weatherized, temporary outdoor facilities, while eligible municipalities and local organizations may apply to receive up to $15,000.
Applications must be submitted beginning at noon EST on November 18, 2020. Grants will be awarded to eligible businesses on a first-come, first-served basis with special consideration given to awarding at least 10 grants in each of Michigan’s prosperity regions.
For full details and to learn more visit SBAM.org/weather.
ROYAL OAK CDBG-CV SMALL BUSINESS ASSISTANCE PROGRAM
The Royal Oak CDBG-CV Small Business Assistance Program is a loan designed to provide short-term working capital which enables small businesses to remain prosperous and retain or create jobs held by persons living in low- to moderate-income households.
The City of Royal Oak will forgive loans, after six (6) months, if the assisted small business can demonstrate that it successfully created new jobs or retained existing jobs based on federal requirements. More information on the program can be found in the application.
OAKLAND COUNTY GRANTS
Utilizing funds from the Coronavirus Aid, Relief, and Economic Security (CARES) Act, Oakland County is offering a variety of grants for businesses and organizations impacted by the coronavirus pandemic.
Applications and grant details can be found online at www.oakgov.com/covid/grants .
SBA DISASTER ASSISTANCE LOANS
The Small Business Administration is providing targeted, low-interest loans to small businesses and non-profits that have been severely impacted by COVID-19. The SBA’s Economic Injury Disaster Loan program provides small businesses with working capital loans of up to $2 million that can provide vital economic support to small businesses to help overcome the temporary loss of revenue they are experiencing. Small business owners in many states are now eligible to apply, including Michigan.
For eligibility information, please visit https://sbdcmichigan.org/disaster-loan-help/
To apply, please visit https://disasterloan.sba.gov/ela
IRS EMPLOYEE RETENTION CREDIT
The U.S. Treasury Department and the Internal Revenue Service launched the Employee Retention Credit, designed to encourage businesses to keep employees on their payroll. The refundable tax credit is 50% of up to $10,000 in wages paid by an eligible employer whose business has been financially impacted by COVID-19.
The credit is available to all employers regardless of size, including tax-exempt organizations. There are only two exceptions: State and local governments and their instrumentalities and small businesses who take small business loans.
Qualifying employers must fall into one of two categories:
- The employer's business is fully or partially suspended by government order due to COVID-19 during the calendar quarter.
- The employer's gross receipts are below 50% of the comparable quarter in 2019. Once the employer's gross receipts go above 80% of a comparable quarter in 2019, they no longer qualify after the end of that quarter.
For more information about this credit, please visit https://www.irs.gov/newsroom/irs-employee-retention-credit-available-for-many-businesses-financially-impacted-by-covid-19
GUIDANCE TO EMPLOYERS CONTEMPLATING POTENTIAL LAYOFFS
Work Share Program
Michigan's Work Share program allows you to keep your employees working with reduced hours, while employees collect partial unemployment benefits to make up a portion of the lost wages. With Work Share, you can maintain operational productivity and hang on to your skilled workers.
For more information, please download this Work Share Fact Sheet
Temporary Leave vs. Termination
Due to the uncertainty regarding potential congressional action on how furloughed workers will be able to access federal resources, employers are strongly urged to place employees on temporary leave as opposed to termination. There is no additional cost to employers, employees remain eligible for unemployment benefits and they may remain eligible for potential federal assistance.
Steps for employers placing employers on temporary unpaid leave can be found here.
RESOURCES FOR EMPLOYEES
If you become unemployed, you may qualify for unemployment insurance benefits. These benefits are intended to provide temporary income as you seek new employment. To be eligible for unemployment benefits, you must be unemployed and able to, available for, and actively seeking suitable full-time work.
A claim for unemployment benefits begins the week it is filed. Therefore, you should file your claim during your first week of unemployment. There are two ways to file a new claim or re-open an existing claim:
ONLINE is the fastest and preferred method.
Visit www.michigan.gov/uia and sign into MILogin to access or create an account on the Michigan Web Account Manager (MiWAM)
VIA TELEPHONE, call 1-866-500-0017. If you are hearing impaired, TTY service is available at 1-866-366-0004.
CITY UPDATES AND CONTACTS
Effective March 17, 2020 all municipal buildings are closed to the public until further notice. That said, city staff will still be answering your calls, opening mail, processing applications and more. Licenses and voter information may be filled on online. Other forms may be downloaded.
The best way to stay informed is to sign-up for email or text messages from the city using NotifyMe or follow the city on social media where we post regular updates.
Doing Business In Royal Oak
A list of resources commonly used by new and existing businesses in Royal Oak.Link to page
A list of some of the most talked about projects recently announced in the city.Link to page
A list of office, retail and industrial sites available in the city.Link to page
About Royal Oak
Demographic information and stats about Royal OakLink to page
Rethink ROLink to page
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