Michigan Small Business Restart Program
Michigan Small Business Restart Program. The michigan strategic fund (msf) of the michigan economic development corporation (medc) on july 7 approved a $100 million michigan small business restart program that will provide grants to. 730 upper peninsula businesses awarded grants.
The program will provide $100 million in economic assistance to michigan’s small businesses and. Funds can be used as working. As you see on the medc website the funding allocated to ann arbor spark includes counties we don’t serve directly (lenawee, jackson, hillsdale, and monroe).
Grant Funds Can Be Used As Working Capital To Support Payroll Expenses, Rent, Mortgage Payments, Utility Expenses, Or Other Similar Expenses.
Lakeshore advantage is honored to be stewards of these restart grant funds locally in allegan and. Medc michigan small business restart program. Combined with other msf programs and services, as well as local and federal economic development support, we can help ensure small businesses throughout the state to recover.
As You See On The Medc Website The Funding Allocated To Ann Arbor Spark Includes Counties We Don’t Serve Directly (Lenawee, Jackson, Hillsdale, And Monroe).
But with an application due date of august 5, 2020, interested organizations need to act now. The program will provide $100 million in economic assistance to michigan’s small businesses and. The funding will be distributed across 15 local or nonprofit.
Economic Development Organizations (Edos) Across The State Were Selected To Assist In Distributing These Funds Across All 83 Michigan Counties.
Of that, macomb county has received 7.5 million. As the financial and economic impact of the pandemic continues to hit businesses, michigan has made $100 million from the cares act available as grants through the michigan small business restart program. The michigan small business restart program application will be live starting wednesday, july 15 at michiganbusiness.org/restart and run through wednesday, august 5.
Funds Can Be Used As Working.
Provided ann arbor spark restart grant funding to disperse in our region totaling $8.5m. The michigan economic development corp. The michigan small business restart program was created with funds appropriated from the.
The Application For Businesses To Apply For Funding Will Open On July 15, 2020.
The plan will set aside $25 million for small businesses with less than nine employees, which is over half of michigan. Michigan small business restart program. Michigan small business restart program:
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