COVID-19 Outbreak Resources for Local Historical Organizations

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The Historical Society of Michigan is sponsoring an effort of the Library of Michigan to collect your stories of life during the coronavirus pandemic.

Find out more.

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Download the slides used in the April 2 Michigan History Alliance® Virtual Meeting

Federal Aid:

On Friday, March 27, 2020 the federal Coronavirus Aid, Relief and Economic Security Act (CARES) was passed and signed, which includes support for non-profit organizations such as historical museums and societies. Also, the Michigan Economic Development Corporation (MEDC) is awarding Small Business Emergency Relief Funds, to which nonprofits can also apply, through a variety of regional partners. The MEDC grants are $10,000 each and the deadline to apply is Tuesday, March 31, 2020.

The CARES Act provides significant funding for nonprofit 501(c)3 organizations:

  1. Paycheck Protection Program Loans (Section 1102), administered by the Small Business Administration (SBA) and awarded through local banks, is an emergency loan program providing loans for eligible nonprofits allowing them to cover costs of payroll, operations, and debt service. The loan amount is lesser of $10 million or 2.5 times the average total monthly payroll—including benefits—costs from the one-year period prior to the date of application. Those loans will be forgiven under certain circumstances. Per the American Association of Museums, employers that maintain employment between February 15 and June 30 would be eligible to have their loans forgiven, essentially turning the loan into a grant. The amount of loan forgiveness would be equal to the amount spent by the borrower during an 8-week period after the origination date of the loan. The portion of the loan that can be forgiven would be reduced by an amount related to positions that have been eliminated and wages that have been reduced, unless those positions and wages are restored by June 30, 2020. (Section 1106)
  2. To be eligible, your nonprofit must have 500 or fewer employees, counting each individual—full time or part time (rather than Full-Time Equivalents, or FTEs).
  3. Your organization must have existed on February 15, 2020, and had paid employees or paid independent contractors at that time to qualify.
  4. Loan funds that are awarded can be used to make payroll and associated costs, including health and retirement benefits, costs to operate facilities, and debt service.
  5. HSM found a summary of the Paycheck Protection Loan program here. Note: This link does not imply endorsement of this service provider.
  6. Contact your local bank for information on how to apply.

State of Michigan Aid:

Michigan Economic Development Corporation (MEDC) Small Business Emergency Relief Funds:

  1. Each region has a different deadline for applications for these funds, varying from midnight March 31 to April 5th and beyond. Check link below.
  2. The Michigan Small Business Relief Program grants are administered by 15 local and nonprofit economic development organizations (EDOs). To apply, find the EDO that represents the county in which your non-profit organization is located here on their website. Click on the appropriate website for more information and to submit your application.
  3. The grant awards being given are $10,000 and are available in limited quantities. For example, in the Lansing area, MEDC has made available $600,000 which will equal 60 grants in the Ingham, Eaton and Clinton county area. MEDC has designated 15 similar areas and given each a varied amount of funding to distribute.

More information will be posted as we learn more.

These are difficult times for our member and friend historical organizations statewide. The Historical Society of Michigan is working to provide as much information and support as we can. HSM remains open, although most of our staff is working remotely. Please contact us at hsm@hsmichigan.org or visit our website at www.hsmichigan.org if you have any questions.

 

Historical Society of Michigan 7435 Westshire Dr., Lansing MI 48917
Email hsm@hsmichigan.org | Phone (517) 324-1828 | Fax (517) 324-4370

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