Resources for Businesses and Employers During COVID-19
HAP is here, for businesses during this unprecedented and uncertain time.
We're here to answer questions and provide support as you determine your next steps for your business and employees. We understand the concerns you are facing and we'll work closely with you to determine the best course of action.
Legislative Information
What is the CARES Act?
The Coronavirus Aid, Relief and Economic Security (CARES) Act is a $2.2 trillion stimulus package approved by Congress in response the COVID-19 pandemic. It is aimed at helping individuals and families, employers, health care providers and state and local governments during these difficult times. Read the full text of the CARES Act.
What is the Paycheck Protection Program?
The Paycheck Protection Program incentivizes small employers to retain employees and certain other expenses during the COVID-19 pandemic. Small businesses and eligible nonprofit organizations, Veterans organizations, and Tribal businesses described in the Small Business Act, as well individuals who are self-employed or independent contractors with less than 500 employees may be eligible.
The U.S. Small Business Administration (SBA) will forgive loans if all employees are kept on the payroll for eight weeks and the money is used for payroll (including benefits), rent, mortgage interest or utilities. The program is available through June 30, 2020. Learn more about the Paycheck Protection Program.
What is the Economic Injury Disaster Loan Program?
In response to the COVID-19 pandemic, small business owners are eligible to apply for an Economic Injury Disaster Loan advance of up to $10,000. 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. Funds will be made available within three days of a successful application, and the loan advance will not have to be repaid. Apply for a COVID-19 Economic Injury Disaster Loan through the SBA.
Where can I find information about available unemployment benefits as a result of the CARES Act?
Unemployment benefits are expanded to include self-employed, 1099-independent contractors, and low wage workers. Weekly unemployment pay has also been boosted under the CARES Act.
Michigan’s Unemployment Insurance Agency will release updated guidance regarding eligibility and the application process in the coming days. Apply for unemployment.
