If you are a small business owner whose business is located in the City of Gaylord's Downtown Development District and whose business has been impacted by the COVID 19 pandemic, you may qualify for grant funding through the Michigan Economic Development Corporation's Match on Main Program.
The Match on Main grant funding must be applied for through a Downtown Development Authority and within that application, those businesses selected for grant funding must be identified. In order for the DDA to submit an application, eligible small businesses located in the DDA can apply through the link below.
The application deadline is Monday, May 25th at 5pm.
Grant funding eligibility is noted within the application. Funding requests can be for between $2,000 and $5,000. If you have already received grant funding through the MEDC's Michigan Small Business Relief Program you are ineligible to apply for this funding. Also, if your business is in a strip mall, or a franchise, you are ineligible to apply for this funding.
Otsego County Economic Alliance, Inc. (OCEA) is partnering with the City of Gaylord's Downtown Development Authority to facilitate this program.
If you have any questions, please contact OCEA's offices at 989-731-0287.
SMALL and LARGE BUSINESS FUNDING AND
ASSISTANCE NOW AVAILABLE!
The Application Deadline for the Michigan Small Business Relief Program has ended! Thank you for your interest and applying!
Below is additional business resources that are available through both the State of Michigan and the Federal Government. Please check them out and see if you may qualify. Deadlines are tight as is demand to do not wait to proceed in applying.
Michigan Businesses May Now Apply for Federal Paycheck Protection Program
Small businesses across Michigan are now able to apply for $349 billion in Paycheck Protection Program forgivable loans through the U.S. Small Business Administration. These loans are designed to help small businesses to keep their workers on the payroll. Loans may be forgiven in all or in part if employees are kept on the payroll for eight weeks and the funds are used toward payroll, rent, mortgage interest or utilities. The program will award loans on a first come, first served basis with funding caps in place, and Michigan businesses are encouraged to apply early.
The application period for small businesses opens today (April 3), and for independent contractors and sole proprietors on April 10.
Pure Michigan Business Connect Offering up to $1 Million in Grants to Manufacturers Looking to Retool and Produce Critical Service Supplies
Michigan’s small business manufacturers looking to produce critical health and human service supplies can now apply for up to $150,000 in grants through the Michigan Economic Development Corporation’s PMBC COVID-19 Emergency Access & Retooling Program. The newly launched grant program will provide up to $1 million in grants to Michigan’s manufacturers that can quickly and effectively retool and produce critical supplies in response to the COVID-19 outbreak.
Virtual Matchmaking Platform Expands to Support COVID-19 Response Efforts
The MEDC’s Pure Michigan Business Connect program has expanded its free, online procurement platform to now include donations from suppliers capable of filling health and human service needs across a broad range of product and service categories.
The platform is also offering a place for companies with manufacturing capabilities for personal protection equipment to indicate which items (i.e. masks, gowns, ventilators) they are able to produce, along with quantity and timing detail.
More than 2,000 Michigan Companies Hiring Now
Michigan companies have an immediate need to fill thousands of critical vacancies to support work during the COVID-19 outbreak, including those in logistics, healthcare, manufacturing and agribusiness industries. The State of Michigan’s employment search engine - Pure Michigan Talent Connect - provides job seekers and employers with an online portal to post, search and connect to these job openings.
Thousands of new jobs are being posted each day. Employers looking to hire during the COVID-19 outbreak should use the COVID-19 On-Demand Hiring Intake Form.
Additional Resources Available Online
Access additional resources by visiting michiganbusiness.org/covid19.
Visit michigan.gov/coronavirus to find valuable resources for employers, workers, residents and communities and stay informed on Michigan’s latest efforts to mitigate the impact of the virus on our state’s residents and economy.
In response to the COVID-19 crisis, The Michigan Economic Development Corporation, in conjunction with the Detroit-based crowdfunding platform, Patronicity, has developed “MI Local Biz”, a creative funding mechanism to offer quick access to capital for small local businesses in this great time of need. The MEDC will match crowdfunding raises on a 1:1 basis up to $5,000 for eligible small businesses experiencing economic challenges as a result of COVID-19. Pre-check Applications Open Monday, May 18th at 8:00 a.m.
The MI Local Biz program is a matching grant program that utilizes donation-based crowdfunding to generate public interest, to raise funds to assist small businesses negatively affected by the COVID-19 crisis, and help position that business for re-opening as the crisis eases. By utilizing web-based donations, businesses are accessible to anyone willing to make a donation in real time. This crowdgranting model engages the public as each person contributes in the effort to assist their local businesses. In addition, this model instills community pride as residents become a conduit of support for their local economy.
Please visit this link for more information!
4:45 Club- TBA
Please join us and meet the mentors of SBDC and SCORE!! Both organizations provided FREE business assistance out of the Otsego County Economic Alliance office. See you there!! ***Please note NEW day- 4:45 Club will be the third Tuesday of each month.