Michigan Small Business Relief Grants Update
Applications are Now Closed
The application process to be considered for grant funding from the Michigan Strategic Fund to support small businesses has now closed.
Based on the large number of applications received, the volume of qualified requests has outpaced available funding twelve-fold. Should additional funds become available, we will reopen the grant process.
144 Grant Recipients Announced on April 3, 2020
Southwest Michigan First, the regional economic development catalyst based in Kalamazoo, Michigan, today announced 144 small business grant recipients are receiving allocations as part of the state’s Michigan Small Business Relief Program. Grants may be used by recipients for working capital to support payroll expenses, rent, mortgage payments, utility expenses or other similar expenses that occur in the ordinary course of business.
This funding is made possible by the Michigan Economic Development Corporation releasing $10 million in small business grants from the Michigan Strategic Fund (MSF) to regional economic development agencies for businesses facing drastic reductions in cash flow and the continued support of their workforce due to the COVID-19 outbreak. The seven-county Southwest Michigan region received $800,000 to be administered among businesses located throughout Berrien, Branch, Calhoun, Cass, Kalamazoo, St. Joseph and Van Buren counties. Funding allocations were based on the concentration of eligible small businesses within each county. The average grant award was $5,555. Read the complete press release.
Update: On May 6, 2020, the Michigan Economic Development Corporation issued a press release on the comprehensive state allocation of grants. Read more.