Katie Raymond / Michigan Radio
More than 34,000 small businesses are waiting to see if they’ll get a share of $55 million in state grants.
The Michigan Small Business Survival Grant program is meant to aid businesses impacted by restrictions on gatherings and indoor businesses for the sake of public health during the pandemic. A business could get a maximum grant of $15,000 if it has been partially closed or $20,000 if it is fully closed in accordance with state coronavirus restrictions.
Tim Mroz is Senior Vice President of Strategic Initiatives for The Right Place, one of 15 regional economic development organizations administering the grant program across the state.
Facing financial hardships and other burdens from the COVID-19 pandemic, small businesses in Michigan can apply for $55 million in grants to gain relief.
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.
Upper Peninsula businesses will see over $2 million thanks to two recently approved grant programs from the State of Michigan."We are looking forward to the release of funds from the Michigan Economic Development Corporation," said Jeff Holt, executive director of the Sault Ste. Marie Economic Development Corporation. "We have launched the information on our website and Facebook page."Michigan Strategic Fund approved the Michigan Small Business Survival Grant Program, which will provide $55
Associated Press/Report for America
LANSING, Mich. (AP) Relief is coming to Michigan businesses after a board last week approved $58.5 million in grants for economic losses due to the coronavirus pandemic that has strained the state’s economy.
Gov. Gretchen Whitmer last month signed into law a spending plan to help repair the economic impact from the coronavirus. It included an allocation to the Michigan Strategic Fund under the Michigan Economic Development Corp. to distribute grants to eligible businesses.
The board approved two programs to distribute funds during a meeting on Thursday: the Michigan Small Business Survival Grant Program to help businesses that had to close or partially close during the pandemic; and the Michigan Stages Survival Grant Program to help businesses pay workers who were laid off.