When the State of Emergency was declared on March 10, the Michigan Economic Development Corporation (MEDC) 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.
94 Small Businesses Receive $565,750 in Support in First Round of Michigan Entrepreneur Resilience Fund
Launched by MEDC with Michigan Women Forward in response to the economic impacts of the COVID-19 pandemic on underserved communities, the fund will help entrepreneurs and small businesses recover from the outbreak, as well as assist them in meeting the demands of COVID-19 response efforts.View Recipients
“While we have brought our art and now our classes online, because of this grant we will be able to fully reopen and people are safe to experience community fellowship again.”
- Hannah Berry, Owner of Lions & Rabbits in Grand Rapids
58 Early-Stage Tech Companies Receive $3 Million in Support from State’s Tech Startup Stabilization Fund
Among the companies to receive support through the fund, many represent regionally diverse areas in the state, including Houghton and Hancock in Michigan’s Upper Peninsula, Grand Rapids, Jackson and Troy. While 53% of the companies represent the advanced information technology sector, the range of industries represented includes life sciences, mobility and advanced manufacturing.Read More
“I’m very glad that Bedestrian is among the roster of innovative companies to receive an award from the Tech Startup Stabilization Fund. And I’m thankful to the ID Ventures team’s efficient administration of this fund at this critical time. This fund shows that Michigan is responding proactively, not only to weather COVID-19, but to help innovative startups emerge stronger and spur the next economic growth cycle.”
- Shadi T. Mere, CEO of Bedestrian
22 Michigan communities receiving nearly $1 million in grants for small businesses’ COVID-19 recovery efforts
A total of 299 Michigan small businessesave been awarded $993,984 in grant funds through the Match-on-Main COVID-19 Response Program. These grants support COVID-19 economic recovery efforts of small local businesses throughout the state.Learn More
“We are absolutely thrilled that MMDC’s Match on Main application on behalf of the City of Mt. Pleasant was approved and that many of our downtown businesses will be receiving critical financial support as they recover from the COVID-19 shutdown. These funds will help ensure that Downtown Mt. Pleasant will continue to be a vibrant place for residents, students and visitors to enjoy.”
- James McBryde, Middle Michigan Development Corporation President and CEO
More Than 100 Michigan Small Businesses Using MEDC Crowdfunding Program in COVID-19 Recovery Efforts
The MI Local Biz program allows small businesses throughout the state to raise funds and win matching dollars from MEDC. In total, $500,000 in matching grants will be provided by MEDC to help businesses recover from the negative economic impacts of the COVID-19 crisis.Learn More
“Partnering with the MEDC on this incredible opportunity to grow my business during these uncertain times is such an honor, and I am so grateful and amazed to have been selected for the MI Local Biz program. With any funds raised, I will be able to directly reinvest in other Michigan makers who provide products for the store by replenishing the store's inventory in preparation for shopping to resume across the state."
- Amy Polk, Owner of Applecore General Store in the Les Cheneaux Islands of Michigan's Upper Peninsula
$14.35 million dollars has been awarded in grants and loans through MEDC's Michigan Small Business Relief Program
Assisting more than 2,774 small businesses negatively impacted by COVID-19, the grants and low-interest loans were administered by several local economic development partners around the state. Additional loans covering the remaining regions of the state are expected to be announced in the coming weeks.Learn More
“The Michigan Small Business Relief Program grant means so much to our small, longtime family-owned business. With these funds, we will be able to afford our inventory and keep our employees paid. I am so grateful to the Lake Superior Community Partnership and the MEDC for making this possible during such a challenging time. This is a real difference maker for us.”
- Bruno Gervasi, Owner of Ralph’s Italian Deli in Ishpeming
PMBC Grants Support Retooling Efforts of Small Businesses and Nonprofits in Response to COVID-19
A total of $1 million in grants have been awarded through the PMBC COVID-19 Emergency Access and Retooling Grants program. These grants provide immediate funding of up to $150,000 to qualified manufacturers producing supplies needed in response to COVID-19.Read More
"TentCraft, before this crisis, had never manufactured products for the healthcare or medical industry. This MEDC PMBC COVID-19 Emergency Access and Retooling Grant is a crucial piece of our pivot toward these new products. This grant allows us to keep our people employed AND helps us to produce products that are sorely needed by the frontline healthcare workers. We are proud of the orders that we have produced in Michigan and welcome the opportunity to support in any way we can in the fight against COVID-19.”
- Matt Bulloch, TentCraft President
PlanetM awards more than $280,000 to companies addressing challenges presented by Coronavirus
GHSP, Gatik, Penske Vehicle Services, RCO Engineering and Pratt Miller were selected to receive grant funding to aid in the development and deployment of solutions aimed at providing mobility-related COVID-19 relief in Michigan.Learn More
“RCO is honored to receive this grant opportunity and use our ingenuity to partner with MEDC, PlanetM, the city of Detroit, and to help flatten the curve and manage the spread of COVID-19.”
- Jeff Simek, General Manager of RCO Engineering
Michigan Council for Arts and Cultural Affairs Emergency Relief Fund grants support 176 arts and cultural organizations throughout Michigan
To provide relief from the negative impacts of the COVID-19 outbreak, MEDC and MCACA has awarded a total of $502,400 in Emergency Relief Fund grants to 176 nonprofit arts and cultural organizations around Michigan. MCACA also leveraged $83,834 in funds from Arts Midwest to award grants to an additional 28 Michigan organizations.Read More
“All operational support is vital now, so the ERF grant has a tremendous impact for us. Thanks go to MCACA and MEDC for this assistance. With these funds, we will be able to keep the contractual personnel who we rely on to help develop and book a variety of outreach and performance opportunities that we present for our community.”
- Cindy McSurely, Blissfest Music Organization Executive Director
MEDC COVID-19 Response Resources
Michigan Small Business Restart Program
The Michigan Small Business Restart Program supports the needs of Michigan Businesses directly impacted by COVID-19. The application for businesses to apply for funding will open on July 15, 2020.
MI State Trade Expansion Program (MI-STEP)
In response to COVID-19, the MI-STEP program has increased the cap amount for certain activities to help support companies going global with their business, making it more favorable to participate in export activities.
PMBC COVID-19 Procurement Platform
Support neighbors in need while helping generate new business within Michigan. This program can help source PPE materials for businesses re-opening following the COVID-19 outbreak.
Michigan Entrepreneur Resilience Fund
MEDC partnered with Michigan Women Forward to create this $1.5 million fund to help entrepreneurs and small businesses negatively impacted by COVID-19 recover and assist them in meeting increased demands of COVID-19 response efforts. Note: Microloan applications are still available.
MSF Awardee Relief Initiative
The MSF Awardee Relief Initiative provides temporary emergency relief to businesses and projects that received economic assistance from the Michigan Strategic Fund.