$10 million in grants is available to help small businesses across Michigan, including those in the U.P., but they’ll to have to act fast if they want to get a share of it. The Michigan Strategic Fund has authorized the Pure Michigan Small Business Relief Initiative which utilizes federal CARES Act funding to provide grant support to those impacted by the coronavirus pandemic. Executive Director of the Menominee Business Development Corporation Nancy Douglas says $500000 has been set aside specifically for small businesses in the Upper Peninsula, but it’s being offered on a first come, first serve basis, so business owners will need to be prepared to submit their request as soon as the application period opens at 8 a.m. Central next Tuesday.
Previous state-funded grant programs have brought tens of thousands of dollars to Menominee County businesses and Douglas say without the funds, some of the businesses wouldn’t make it out the other side of this pandemic.
Businesses can apply for up to $15000 through this federally funded grant program. You can access the application and more information by visiting michiganbusiness.org and searching “Small Business Relief Initiative.”