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Grand Rapids Business Journal
Two of the region’s economic development agencies awarded more than $6.8 million to a combined 613 small businesses in West Michigan through the Michigan Small Business Survival Grant Program.
The Right Place and Lakeshore Advantage said Wednesday that in collaboration with the Michigan Economic Development Corporation (MEDC) and regional partners, they awarded funding to eligible West Michigan small businesses that have been negatively impacted by the recent Michigan Department of Health and Human Services epidemic orders via the $55 million Michigan Small Business Survival Grant Program.
The Right Place awarded $4.98 million in grant funding to 426 small businesses in Barry, Ionia, Kent, Lake, Mason, Mecosta, Montcalm, Muskegon, Newaygo, Oceana and Osceola counties, and Lakeshore Advantage awarded $1.8 million to 187 small businesses in Allegan and Ottawa counties.
The Flint & Genesee Chamber of Commerce just announced that they've approved over $4 million dollars in small business survival grants that will help out
Nearly 35,000 small businesses apply for $55 million in pandemic relief funds
$55 million can cover about 2,750 applicants
$3.5 million also available to small entertainment venues
Emily Elconin/Bloomberg
Thousands of businesses throughout Michigan have been impacted by the coronavirus pandemic. Nearly 35,000 small businesses in Michigan applied for a share of $55 million in relief funds over three days last week, highlighting the overwhelming need as the pandemic nears the one-year mark.
The Michigan Strategic Fund board earlier this month approved the grants for businesses impacted by state health department orders limiting hours, capacity and more. Successful applicants will receive up to $20,000 each. That would cover just 2,750 businesses at the full grant amount.
Michigan small businesses hurt by COVID-19 orders eligible for $20,000
Updated Jan 14, 2021;
Posted Jan 14, 2021
In this March 25, 2020, file photo, a closed sign hangs in the window of a shop in Portsmouth, N.H.AP Photo/Charles Krupa, File
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Small businesses that closed at some point during the pandemic can apply for up to $20,000 from the state of Michigan starting next week.
The state Legislature approved $55 million for the program in December and details of the plan were approved by the Michigan Economic Development Corporation on Thursday, Jan. 14.
It’s enough money to award grants to more than 2,600 businesses.
The $55 million Small Business Survival Grant Program will not be on a first-come, first-served basis – like a $10 million MEDC program was in December. There were more than 22,000 businesses that applied for that funding, and only the first 666 eligible businesses got the money, while the rest waited in an online queue all day to learn they