Michigan Businesses Awarded $4 Million In Small Business Survival Grants
The Flint & Genesee Chamber of Commerce just announced that they've approved over $4 million dollars in small business survival grants that will help out over 290 businesses in Flint, Saginaw, and more surrounding areas.
About 96 of those businesses are based in Flint. Which makes these grants some of the most important ones to come down this year by far.
Each business was awarded $15,000 from the Michigan Economic Development Corporation’s Small Business Survival Grant Program. Now that should hopefully be enough money to get our small businesses through the first leg in 2021.
“The Michigan Small Business Survival Program is providing significant support to small businesses helping to get them through this critical time and on the path to economic recovery,” said Josh Hundt, MEDC’s chief business development officer and executive vice president. “We are thankful for the efforts of the Flint & Genesee Chamber of Commerce, who worked swiftly and diligently to deliver these vital financial resources within their region and create a path toward economic recovery for small businesses in Michigan.” Source:NBC25.com
This is the stimulus that small our economy needed. Now the real question is, will this work, and is it enough? I know $15K sounds like a lot but when you own a business you'll end up paying that in rent or taxes before you know it. Either way, we're moving in the right direction and hopefully, the end of 2021 will look better than the end of 2020.
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