Buck Love / Director of Business Retention
In partnership with Networks Northwest (NW Reg 2) and Target Alpena (NE Reg 3) the NLEA will facilitate $2,011,306 in business grants in the NLEA service area. Within our area, the NLEA will work closely with area chambers, DDA’s, Main Street programs, the Industrial Association and other organizations to promote the opportunity. This is part of the state-wide MI Small Business Restart Program.
Beginning July 15 applications for the MSBRP Grant awards will be accepted by the MEDC. There will be a single, statewide application for the Michigan Small Business Restart Program that will open on July 15, 2020 and run through August 5, 2020. Applicants can apply for up to $20,000 in grant funds.
The grant eligibility details are as follows:
Businesses and nonprofits with 50 or fewer employees, worldwide, located in Michigan are eligible to apply. Businesses must also demonstrate the following:
- Part of an industry or nonprofit that can demonstrate it has been impacted by the COVID-19 emergency
- Needs working capital to support payroll expenses, rent, mortgage payments, utility expenses or other similar expenses
- Demonstrates an income loss as result of the COVID-19 emergency as determined by the Michigan Strategic Fund (MSF).
Grants must be used for expenditures incurred by the Eligible Business and meet the following criteria (“Eligible Expenses”):
- made between March 1, 2020 and December 30, 2020 that meet the following criteria:
- are for necessary expenditures incurred due to the public health emergency with respect
- to COVID-19 (such as resulting from employment or business interruptions due to COVID19)
- must be incurred during the period that begins March 1, 2020 through December 30, 2020
- used for its working capital to support payroll expenses, rent, mortgage payments, utility
- expenses, or costs related to reopening the Eligible Business or Eligible Nonprofit
Additionally, at least 30% of the funds awarded under this program will be provided to women-owned, minority-owned or veteran-owned eligible businesses. The MEDC anticipates that more than 5,000 businesses across the state will benefit from this program.
*All applicants are required to have a Pure Michigan Business Connect (PMBC) account to apply for the MSBRP grant. If you do not have a PMBC Connect Space account, you will be guided through the process of creating one as part of your application. There is no charge for creating a PMBC Connect Space account. If you have any questions related to creating or accessing a PMBC Connect Space account, please email firstname.lastname@example.org.
Create your PMBC account here.
Start your MSBRP application here.
For more info visit the MEDC website.