MEDC Press Releases

Tuesday, July 21, 2020

MEDC Invites Michigan-Based Companies, Entrepreneurs to Apply for National Pitch Competition

• MEDC partnering with Entrepreneur Magazine to host a Michigan-themed episode of Entrepreneur Elevator Pitch • Applications live until August 1, 2020, at entrepreneur.com

Monday, July 20, 2020

$1.25 Million in New Grant Funding Available from Michigan Economic Development Corporation to Assist Michigan’s Small Farms Implement COVID-19 Safety Measures

• Farms with less than 10 employees eligible for MEDC Small Farm Safety Grant to help protect workers, food supply in state. • $1.25 million program complements Michigan Agricultural Safety Grant program launched July 15 • Program details and application will be available at michiganbusiness.org/agsafety

Friday, July 17, 2020

MCC Receives $55 Million Tax Credit Allocation

MCC one of 76 Community Development Entities chosen to receive allocations

Wednesday, July 15, 2020

THIS JUST IN: Applications Live for COVID-19 Relief Grant Programs

• $100 million in grants through Michigan Small Business Restart Program available for Michigan’s small businesses and nonprofits as they work to recover from COVID-19 crisis • $15 million Agricultural Safety Grant Program will provide critical support to Michigan’s farms and food processors as they work to protect employees, food industry

Wednesday, July 15, 2020

Application now live for Michigan Agricultural Safety Grant Program

• $15 million program will provide critical support to Michigan’s farms and food processors as they work to protect employees, food industry • Funds can be used to cover testing costs, personal protection equipment, facility needs and more to help mitigate risks of COVID-19 • Application period open now through August 5 on first come, first served basis at michiganbusiness.org/agsafety

Wednesday, July 15, 2020

Businesses and Nonprofits Now Able to Apply for Michigan Small Business Restart Program

• $100 million in grants available for Michigan’s small businesses and nonprofits as they work to recover from COVID-19 crisis • Program accepting applications at michiganbusiness.org/restart through August 5 • Grants will be administered by 15 economic development organizations covering all 83 counties • 30 percent of funding must be awarded to eligible women-owned, minority-owned or veteran-owned businesses

Tuesday, July 14, 2020

94 Small Businesses Receive $565,750 in Support in First Round of Michigan Entrepreneur Resilience Fund

• Applications for microloans still being accepted at miwf.org/mwf-entrepreneur-resilience-fund • $1.5 million fund administered by Michigan Women Forward with support from MEDC and others, helps small businesses from geographically disadvantaged areas survive the outbreak through recovery efforts

Monday, July 13, 2020

Crowdfunding campaign launched for Acorn Farmers’ Market and Café in Manchester

$50,000 goal to win matching grant through MEDC’s Public Spaces Community Places initiative

Tuesday, July 7, 2020

Michigan Small Business Restart Program to provide $100 million in grants for COVID-19 recovery efforts

• Michigan Strategic Fund authorizes Michigan Small Business Restart Program to support Michigan’s small businesses as they work to recover from COVID-19 crisis • Grants will be administered by 15 Economic Development Organizations covering all 83 counties. • Minimum 30 percent of the funds must be awarded to eligible women-owned, minority-owned or veteran-owned eligible businesses. • Application period will be open July 15-August 5 at michiganbusiness.org/restart

Tuesday, July 7, 2020

$15 million in agricultural safety grants to provide critical relief to Michigan’s farms and food processors

• Michigan Strategic Fund authorizes Michigan Agricultural Safety Grant Program to ensure workers’ safety • Funds to cover testing costs, personal protection equipment, facility needs and more to help mitigate risks of COVID-19 • Application period will open on July 15 at michiganbusiness.org/agsafety