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MEDC Press Releases

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Wednesday, July 22, 2020

$20 Million in Federal Funding Available to Support Local Response Efforts to COVID-19

Opportunity to unlock required match dollars as part of federal EDA CARES Act grant application process also now available
• Federal CDBG CARES Act funding to be made available through the MEDC to 77 counties across Michigan that didn’t already receive direct CDBG funding from HUD • Funds may be used to reimburse for unbudgeted expenditures by counties to prevent, prepare for and respond to the coronavirus • MEDC will deploy additional funds through the state CDBG program to provide 50% of the required project match, up to $250,000, for EDA CARES Act Recovery Assistance program

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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

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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

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Friday, July 17, 2020

MCC Receives $55 Million Tax Credit Allocation

MCC one of 76 Community Development Entities chosen to receive allocations

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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

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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

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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

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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

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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

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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

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