Grant funding available to small businesses
Application window open now through Jan. 22
LAKE COUNTY -- We are pleased to announce that another round of funding for emergency small business relief has become available from the Michigan Economic Development Corporation (MEDC).
Via the Small Business Survival Grant Program, The Right Place has been allocated $5.25M in funding to support eligible West Michigan businesses.
The Right Place and its regional partners will be responsible for distributing $5,250,000 of these funds to West Michigan businesses in Barry, Ionia, Kent, Lake, Mason, Mecosta, Montcalm, Muskegon, Newaygo, Oceana and Osceola counties. Allegan and Ottawa County funds amounting to $1.925M will be administered by Lakeshore Advantage.
Businesses and nonprofits must meet all of the following requirements to be eligible for grant funding:
• Had 1 to 100 employees (including full-time, part-time and owner/employees) on a world-wide basis on November 17, 2020.
• Is in an industry that demonstrates it is affected by the Order.
• Needs working capital to support payroll expenses, rent, mortgage payments, utility expenses, or other similar expenses.
• Demonstrates an income loss as a result of the Order as determined by the EDO in which an eligible business is located.
• Is not a live music and entertainment venue that is eligible for funds under section 401 of Senate Bill No. 748.
Applications for funding will open on Tuesday, Jan. 19 and will close Friday, Jan. 22, at noon. All applicants must apply through the MEDC website regardless of past applications submitted.
For more information and to see a list of contacts by county, please visit our site at rightplace.org/for-local-business/small-business-survival.