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.