Small Business Association of Michigan

The Small Business Association of Michigan (SBAM) is the only statewide and state-based association that focuses solely on serving the needs of Michigan’s small business community. We have been successfully serving small businesses like yours in all 83 counties of Michigan since 1969. We’re located in Lansing, just one block from the Capitol.

Small Business Association of Michigan Creates Guide To Navigate COVID Work Situaitons

LANSING – To aid with the transition to remote work, the Small Business Association of Michigan has created a new guide aimed to help small businesses navigate and thrive in these work situations. “The pandemic has created many unprecedented circumstances for small businesses and that includes the transition to a predominately remote workforce for many

Drugmakers Would Have To Explain Prices Under Transparency Package

LANSING - Pharmaceutical companies would have to report to the state and the public annually how they set the prices of their prescription drugs under an eight-bill transparency package approved by the Michigan House Health Policy Committee. But the committee rejected, in party-line fashion, several attempts by Democrats to put more teeth into the bills,

Michigan House Votes To Give Businesses Protections Against COVID-19 Lawsuits

LANSING - Businesses are reopening from the coronavirus pandemic into a "wild, wild COVID west" economic climate, Rep. Graham Filler (R-DeWitt) told the House floor Wednesday as he advocated for more protections against COVID-19 lawsuits he described as frivolous. Wednesday's climate includes "fewer employees, supply chain issues, razor thin margins and the prospect of business

By |2020-10-02T17:27:43-04:00October 2nd, 2020|Small Business Association of Michigan|

Whitmer: Bulk of Economy is Back; Still Early Stages Of COVID-19

LANSING - Pointing to her strategy to confront the COVID crisis, Gov. Gretchen Whitmer told the Detroit Regional Chamber of Commerce Wednesday that “our economy is operating at 87% of what it was since last March. We are in a much stronger position than other states like Florida and Texas.” It’s the first time she has

By |2020-09-18T09:06:24-04:00September 17th, 2020|Featured, Small Business Association of Michigan|

Record-Setting 2.1 Million Michigan Absentee Ballots Requested So Far

LANSING - To date, 2.1 million voters had requested absentee ballots for the Nov. 3 general election, eclipsing a record set during the August primary of 2,065,000 requests for absentee ballots, according to the Secretary of State’s office Thursday morning. “We do expect that we again will have record setting turnout,” said Jake Rollow, spokesman

Report: State Cash Reserves Sufficient For Now

LANSING - State government has built up enough cash reserves over the last decade to get Michigan through the COVID-19 pandemic-caused recession as long as policymakers respond responsibly to the economic downturn, according to a Citizens Research Council report. Some banana peels state leaders will want to avoid include draining the remaining $800 million from

State Jobless Rate Down To 8.7 Percent In July From 14.8 Percent In June

LANSING - The state unemployment rate in July improved to 8.7% from the previous month's 14.8%, the Michigan Department of Technology, Management and Budget (DTMB) reported Wednesday. The U.S. jobless rate moved down by nine-tenths of a percentage point between June and July to 10.2%, meaning Michigan’s July rate was 1.5 percentage points below the

By |2020-08-30T19:10:39-04:00August 30th, 2020|Small Business Association of Michigan|

Business Can’t Assume Unmasked Patrons Have Medical Excuse

LANSING - Business owners shouldn’t assume someone not wearing a mask inside their establishments are medically unable to do so, Gov. Gretchen Whitmer said in an update to her mandatory mask executive order Friday. The Governor wrote in Executive Order 2020-153 that if a customer says he or she is not medically able to wear a

Federal Paycheck Protection Program Loans Now Available

LANSING - The $349 billion in federal loans allocated for small businesses are now available. For those of you who have not yet looked into these loans, here's what to do: 1. Be prepared. Visit SBAM's website for the latest guidelines, FAQs and the application. 2. Read the final guidance from the SBA. 3. Call

By |2020-04-05T18:26:20-04:00April 5th, 2020|Small Business Association of Michigan|

Small Business Association Of Michigan COVID-19 Financial Resources List

LANSING - Please click here to review the application details and requirements for the SBA Disaster Recovery Loans. As a reminder, there are credit requirements: a credit history acceptable to SBA and applicants must show the ability to repay the loan. Businesses Can Get Cash Now To Weather COVID19 Pandemic Businesses that need cash now

By |2020-03-22T13:15:38-04:00March 21st, 2020|Featured, Small Business Association of Michigan|