MEDC introduces new grant program for small businesses
For places adversely affected by the COVID-19 pandemic
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The Michigan Economic Development Corporation (Courtesy Photo)
MICHIGAN — The Michigan Strategic Fund approved two new grant programs to help meet the needs of small businesses and live entertainment venues impacted by the COVID-19 pandemic.
The two programs, the Michigan Small Business Survival Grants and Michigan Stages Survival Grants, have a total of $58.5 million in relief funding available.
The Small Business Survival Grant Program will provide $55 million to small businesses with grants worth up to $20,000 each for businesses that are fully closed and up to $15,000 for businesses that have been partially closed or otherwise are open and can demonstrate an impact from the pandemic.