Ann Arbor - Ypsilanti Regional Chamber issued the following announcement.
Apply for Grants to Meet Capital Needs Beginning December 15, 2020
The Michigan Economic Development Corporation (MEDC) will offer $10 million in grants for Michigan small businesses adversely affected by COVID-19 to meet urgent capital
needs such as rent and utilities.
Eligible businesses are limited to the following:
Restaurants, bars and other food and beverage service providers
Travel and tourism destinations including lodging providers
Live event venues and movie theaters
Conference and meeting facilities
Ice skating rinks, indoor water parks and bowling centers
Gyms and fitness centers
Each business can qualify for up to $15,000 in funding if they meet the eligibility criteria, which includes but is not limited to:
Having fewer than 50 employees
Complying with all State and local COVID-19 orders
Identifying a need for payroll, rent or mortgage payments and/or utility expenses
The grant application opens on Tuesday, December 15. Grants will be awarded on a first-come, first-served basis, and funding will be shared among each of Michigan’s ten
prosperity regions.
Visit the MEDC website to learn more about the application process, review complete eligibility requirements and submit an application.
Original source can be found here.
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