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MEDC Small Business Relief
December 15, 2020
From MEDC:
Yesterday, the Michigan Strategic Fund Board authorized a $10 million grant program to help meet the urgent needs of small businesses disproportionately impacted the COVID-19 virus. The Pure Michigan Small Business Relief Initiative will utilize federal CARES Act funding through our CDBG program to award grants of $15,000 to more than 650 small businesses across Michigan.
Read the press release here
Following today’s approval, MEDC is now accepting applications through 1 p.m. today, Wednesday, December 2, for eligible organizations or non-profits interested in administering the grants. Interested organizations may submit their application at www.michiganbusiness.org/relief.
The application period for small businesses seeking grants will begin on Tuesday, December 15, also at www.michiganbusiness.org/relief. Funds will be awarded on a first come, first serve basis and the application window for small businesses will close once the targeted allocations within each of the state’s 10 prosperity regions are reasonably expected to be met.
For more information on the Pure Michigan Small Business Relief Initiative visit www.michiganbusiness.org/relief.
MEDC’s COVID-19 resources page also includes information about the latest relief programs and support available, at michiganbusiness.org/covid19. Learn more about the impact these program are having across the state at michiganbusiness.org/covid19response.