More than 2,700 Michigan small businesses have been awarded a total of $10 million in grants through the Michigan Small Business Relief Program. An additional 74 businesses have been awarded $4.35 million in the first round of low-interest loans. Launched to provide relief for small businesses that have been negatively impacted by the COVID-19 crisis, the program supports small businesses facing drastic reductions in cash flow and the continued support of their workforce.
$4.35 million awarded to 74 businesses in first round of Michigan Small Business Relief Program loans
Working in partnership with nine local economic development organizations, MEDC has awarded $4.35 million to 74 small businesses in 40 counties across Michigan in the first round of low-interest loans awarded through the Michigan Small Business Relief ProgramView list of loans awarded
Michigan Small Business Relief Program Grant Awards
Networks Northwest reviewed grant applications for businesses located in Emmet, Grand Traverse, Charlevoix, Antrim, Kalkaska, Missaukee, Wexford, Manistee, Benzie, and Leelanau counties.
Otsego County Economic Alliance reviewed grant applications for businesses located in Otsego, Crawford, Roscommon, Montmorency, Ogemaw, and Oscoda counties.
Target Alpena reviewed grant applications for businesses located in Iosco, Alcona, Alpena, Presque Isle, and Cheboygan counties.
The Right Place and surrounding counties reviewed applications for Barry, Ionia, Kent, Lake, Mason, Mecosta, Montcalm, Newaygo, Oceana, and Osceola and Muskegon counties.
Lakeshore Advantage reviewed applications for business located in Allegan and Ottawa counties.
Sagiaw Future reviewed applications for businesses located in Arenac, Bay, Midland, and Saginaw counties.
Southwest Michigan First reviewed applications for businesses located in Kalamazoo, St. Joseph, Berrien, Calhoun, Van Buren, Cass, and Branch counties.
Oakland County reviewed applications for business located in Oakland county.
Macomb County reviewed application for business located in Macomb County.
DEGC reviewed applications for businesses located in the city of Detroit. Wayne County reviewed applications for all other businesses located in Wayne County.
The Michigan Small Business Relief Program grants is administered by 15 local and nonprofit economic development organizations (EDOs) around Michigan, covering all 83 counties in the state. These EDOs were responsible for reviewing applications of small businesses in their region and entering into agreements with eligible small businesses. Grant funds are currently being disbursed by the EDOs. If you have questions regarding your application or grant funds, please contact your local EDO.
In addition to the $10 million in grant funds, the Michigan Strategic Fund also approved $10 million in loans through the Michigan Small Business Relief Program that are being referred to MEDC from the local EDO partners. Loan applications are reviewed by a loan review committee, with the first phase announced on June 11, 2020. All loans made through the Michigan Small Business Relief Program will be approved through Michigan Strategic Fund delegated authority and announced as they are finalized.
MEDC Moves Swiftly in Response to COVID-19 Outbreak
When the State of Emergency was declared, the Michigan Economic Development Corporation moved swiftly to provide vital economic support to businesses, entrepreneurs, workers and communities throughout all 83 counties of the state, while enabling Michigan’s Arsenal of Innovation to support the frontlines in the fight against COVID-19.Learn More