Jan 16, 2021
MARQUETTE A new round of grant funding is being made available by the Michigan Economic Development Corporation (MEDC) through the recently signed Michigan COVID Relief Plan. The bill includes $55 million to help small businesses impacted by COVID-19. The funds, appropriated by the legislature through SB 748 and authorized by the Michigan Strategic Fund, will be administered by 15 local and nonprofit economic development organizations across the State. $2.5 million has been allocated to the Upper Peninsula to be administered by InvestUP, a regional economic development organization representing all of the Upper Peninsula.
InvestUP CEO Marty Fittante, expressed his gratitude to those that made this funding available. “We are so grateful to our federal and state legislators, the Governor and our partners at the Michigan Strategic Fund and the MEDC for making this funding available to Upper Peninsula businesses. With the continued impacts of the COVID-19 pandemic on
Michigan Economic Development Corporation
LANSING – The Michigan Strategic Fund today approved two grant programs – the Michigan Small Business Survival Grants and the Michigan Stages Survival Grants – totaling $58.5 million in relief to help meet the urgent needs of small businesses and live event venues impacted by the COVID-19 virus, the Michigan Economic Development Corporation announced.
The State of Michigan appropriated the funds through SB 748, signed into law by Governor Gretchen Whitmer on Dec. 29, to implement the programs to support Michigan’s small businesses that have been especially impacted as a result of the COVID-19 pandemic.
“From the beginning, my administration has been deeply committed to providing some crucial support to Michigan’s small businesses that have been hit hard by the COVID-19 pandemic,” said Governor Gretchen Whitmer. “With these grant programs, we can provide immediate assistance to those businesses. As we work to distribute the