Updates from the Executive Director
What manufacturers need to know, straight from our team.
The coronavirus (COVID-19) outbreak around the world is continuously evolving. MMTA wants you to know we are carefully monitoring the situation.
Here is the latest information and FAQ's about the recent federal stimulus bill:
To suppress the spread of COVID-19, Governor Whitmer signed the “Stay Home, Stay Safe” Executive Order directing all Michigan businesses and operations to temporarily suspend in-person operations that are not necessary to sustain or protect life. Individuals may only leave their home or place of residence under very limited circumstances. Access the Michigan.gov/coronavirus page
To reduce the impact of COVID-19 outbreak conditions on businesses, workers, customers, and the public, it is important for all manufacturers to access resources to help them through the COVID-19 pandemic. The CDC Coronaviris Fact Sheet provides you with the facts.
The resources below are relevant and recent. Please use these resources to support your business and let us know how we can help.
INTERNAL REVENUE SERVICE
The IRS has established a special section focused on steps to help taxpayers, businesses and others affected by the coronavirus. This page will be updated as new information is available.
Extension of filing and payment deadlines
In Notice 2020-18 (PDF), the Treasury and IRS extended the time from April 15th to July 15th for filing Federal income tax returns and paying the income tax due in order to provide relief for companies and individuals from economic loss caused by the COVID-19 crisis. On March 24, the IRS issued answers to frequently asked questions related to this Notice.
IRS plans on updating these FAQs periodically. This was done to quickly answer all the questions being asked from the change in income tax filing deadlines. It is anticipated that more formal guidance will be issued on this Notice. Note that the deadline for making contributions to IRAs for 2019 is extended to July 15, 2020 (Q & A 17).
PwC's COVID-19 NAVIGATOR
Digital tool that will help you understand where your company stands as you respond to COVID-19
Business is operating in uncharted waters. The disruption to business is likely to continue for many months to come. It’s critical that we prepare for, respond to, and ultimately emerge stronger from this “new normal.” To do this, companies need to structure responses that are sustainable not only today but in the challenging months ahead.
PwC’s team of specialists collaborated to create this digital tool to help businesses do just that. The questions and insights will help you better assess the potential impact to your business and gauge your readiness and response position. Once you’ve completed the assessment, we’ll provide personalized recommendations and thought leadership in each of the critical business areas to help you prepare an effective response to COVID-19.
PROTECTING the WORKFORCE
As concerns about Covid-19 continue to rise, many employers are in new territory looking for ways to support and protect their workforce. In order to help employers plan and respond to Covid-19, the CDC has issued guidance.
Tip Sheet for Older Adults
OSHA Planning Guide
The Occupational Safety and Health Administration (OSHA) developed this COVID-19 planning guidance based on traditional infection prevention and industrial hygiene practices. It focuses on the need for employers to implement engineering, administrative, and work practice controls and personal protective equipment (PPE), as well as considerations for doing so.
Health and Human Services
Michigan Department of Health and Human Resources continues to update information related to COVID-19. The below links to a Coronavirus disease 2019 (COVID-19) Q&A distributed by MDHHS.
Navigating Employee Challenges/Relations
The Department of Labor and Economic Opportunity is providing guidance to Michigan employers on how to avoid potential layoffs related to COVID-19. The guidance provides insight on the Work Share program, the difference between temporary leave and termination and other resources to help navigate employee challenges during this time.
Work Share Program
Work Share is a program that permits employers to maintain operational productivity during declines in regular business activity instead of laying off workers. With the plan, rather than being laid off, eligible employees work a reduced number of hours in the workweek and receive a portion of weekly unemployment benefits. By participating in Work Share, employers are able to retain trained employees and avoid the expense of recruiting, hiring and training new employees.
Temporarily Expand Eligibility for Unemployment Benefits
On March 16, Governor Gretchen Whitmer signed Executive Order 2020-10 to temporarily expand eligibility for unemployment benefits. This executive order is effective immediately and until Tuesday, April 14 at 11:59pm.
Under the governor’s order, unemployment benefits would be extended to:
Workers who have an unanticipated family care responsibility, including those who have childcare responsibilities due to school closures, or those who are forced to care for loved ones who become ill.
Workers who are sick, quarantined, or immunocompromised and who do not have access to paid family and medical leave or are laid off.
First responders in the public health community who become ill or are quarantined due to exposure to COVID-19.
Note: Unemployment claimants are temporarily, no longer required to report to Michigan Works! for work search.
Note: Michigan Works! will be prepared to serve the unemployed and employers as the health care emergency passes.
CISA INSIGHTS RISK MANAGEMENT for
This document is for executives to help them think through physical, supply chain, and cybersecurity issues that may arise from the spread of COVID-19.
Supply Chain Analysis by Deloitte with short-term actions
Deloitte Canada prepared an insightful analysis that highlights short-term actions companies can take to respond to business disruption and supply chain challenges from the global spread of COVID-19. The analysis also looks ahead to the longer-term solution of digital supply networks.
Price Waterhouse and Coopers & Lybrand (PWC)
Companies with direct exposure to the COVID-19 outbreak are taking a number of actions. Read a short article on how others are taking action now to prepare for the future.
How short-term measures set the foundation for proactive resilience
Pure Michigan Business Connect, a program of the Michigan Economic Development Corporation, has built an online platform to help facilitate introductions to producers of needed medical supplies and materials in response to the COVID-19 outbreak.
ACCESS TO CAPITAL
Access to Capital and Cash Flow
Michigan small businesses are now eligible for the U.S. Small Business Administration’s Economic Injury Disaster Loans (EIDL).
Here are the details:
Low-interest loans of up to $2 million are available for small businesses and private non-profits.
Loans may be used to pay fixed debts, payroll, accounts payable and other bills and have repayment options of up to 30 years.
Interest rates are 3.75% for small businesses and 2.75% for private non-profits.
Click HERE to apply now.
Upcoming Economic Injury Disaster Loan Application Trainings: An Overview of Applying
March 26, 12:00 p.m. to 1:00 p.m. - An Overview of Applying for EIDL
Join by phone
Toll number: +1 (202) 765-1264,73097173# (Dial-in Number) English (United States)
March 26, 2:00 p.m. to 3:00 p.m. - An Overview of Applying for EIDL
Join by phone
Toll number: +1 (202) 765-1264,789054999# (Dial-in Number) English (United States)
Michigan Small Business Relief Program
The Michigan Small Business Relief Program approved today authorizes the MEDC to provide up to $20 million in support for small businesses. The funding is divided between $10 million in small business grants and $10 million in small business loans to support businesses facing drastic reductions in cash flow and the continued support of their workforce. Applications will be available by April 1, 2020.
Banks Offer Relief to Small Businesses and Individuals (updated 3-19)
There are numerous banks offering financial relief to small businesses and individuals. This is not a complete list, please check with your lender for the relief they may be offering small businesses.
OTHER SMALL BUSINESS RESOURCES
Michigan Small Business Resources
There are numerous small business resources in Michigan to help you navigate challenges. Michigan Manufacturers & Technology Association (MMTA) is one. Here are a few others to support.