MidwestCRE Bedrock to waive rent, parking fees and expenses for small businesses March 23, 2020 Share on Facebook Share on Twitter Share on LinkedIn Share via email Bedrock will waive all rent, expenses and parking fees for restaurants and retail tenants that qualify as “small businesses” for the months of April, May and June to help these businesses weather the uncertainty caused by the COVID-19 virus and allow them to use their resources to pay other bills and meet payroll commitments. This decision was made in the wake of the spread of coronavirus and sweeping effects of recent government guidelines for community safety and preparedness. Bedrock recognizes that many of small restaurant and retail tenants are experiencing an especially hard economic hit. “As with all of our tenants, entrepreneurs and small businesses play an incredibly important role in our local economy, which has been central to Dan Gilbert’s vision over the last 10 years of his investments in Detroit and Cleveland,” said Bedrock CEO Matt Cullen, in a statement. “It is going to take the entire community to mitigate the effects of this pandemic on the region, and we are happy to do our part to help our portfolio’s most vulnerable businesses weather the storm. We are staying in close contact with each of our tenants and stakeholders everyday to understand their needs and concerns, and how we can help.” Qualification as a “small business” is based on criteria established using industry and governmental standards. Bedrock is joined by several nonprofit organizations and government agencies, including the company’s partners at the Quicken Loans Community Fund, that have also rolled out relief programs for small businesses. To help connect our tenants and other local businesses with these opportunities, bedrockdetroit.com is now home to a Resource Guide that will be continuously updated as new programs become available. Click here to visit the Resource Guide. While several businesses have either been mandated to cease operations or made the difficult decision to close during this unprecedented time, many downtown businesses remain open and have rolled out innovative adaptations to continue serving the community. “It has been inspirational to watch as business owners have adapted to confront our current challenges,” continued Cullen. “At Bedrock we continue to look for additional ways to support our small business tenants, through catering orders, participation in virtual yoga classes, and more. We urge those living and working downtown to consult the site we’ve set up when you’re ordering lunch or dinner, or are looking for a social distancing-friendly gift idea.