Programs set up to help businesses decimated by the coronavirus shutdown have run out of money or halted applications. One Michigan business owner thought his application for a portion of $349 billion in federal stimulus was set only to learn the money ran out.
Among the details that may have been leaked to "an unauthorized third party" include names, dates of birth, Social Security numbers, medical conditions, and in some cases, bank account information and driver's license numbers.
The crush of 1 million new claims is rapidly depleting Michigan’s unemployment fund, which could force the state to borrow money. Jobless workers would still get checks, but Michigan may have to raise business taxes to repay the debt, slowing any recovery.
Despite widespread complaints over a sluggish website and slammed call center, the Michigan Unemployment Insurance Agency successfully processed 817,185 initial benefits claims between March 15 and April 4, second only to the more populous state of California.
Bryan Newland, chairman of the northeastern Upper Peninsula tribe, said Bay Mills Indian Community leaders had no choice but to stop paying employees of the tribe’s resort and casinos after a request for federal relief loans went unanswered.
Already gearing for a recession, Michigan faces billions of dollars in lost wages and tens of thousands of job cuts. Using maps and charts, Bridge explains how the impact of the coronavirus shutdown will vary widely by industry and maps.
As the coronavirus crisis slams Michigan businesses, some local newspapers are struggling to stay open amid declining ad revenue. C&G Newspapers is suspending publication for 2 to 4 weeks, while the Metro Times in Detroit laid off staffers.
How bad will it get? Many economists agree a major downturn is coming along with perhaps hundreds of thousands of layoffs. But others say if the coronavirus is contained soon, the economy could roar back.
One day after Michigan Gov. Gretchen Whitmer shuts down restaurants and bars, workers fear the worst and wonder what bill to skip. One compares it to Russian roulette. Another stocks up on ramen and braces for long haul.
Michigan Gov. Gretchen Whitmer on Monday ordered all bars, restaurants and casinos to close, but she also expanded unemployment insurance benefits in ways that may help workers who lose their jobs or are furloughed.
Minutes before Gov. Whitmer ordered state restaurants and bars to close dine-in services, Justin Winslow, president and CEO of the Michigan Restaurant & Lodging Association, described to Bridge Magazine the dramatic impact the new coronavirus is already having.