Displaying items by tag: Michigan Economic Development Corp
The state plans to provide up to $2 million to a Marquette-based small business lender to increase activity across the state.
Companies and real estate projects that received state incentives through a grant, loan or equity investment from the Michigan Strategic Fund could get emergency relief under an initiative approved today to ease the economic hardship triggered by the COVID-19 pandemic.
As more manufacturers rapidly shift their operations to produce critical health and human service supplies in response to the COVID-19 outbreak, the state is offering new funding to help offset the cost of retooling.
The historic $2 trillion federal economic stimulus bill signed into law Friday contains $350 billion in loans for small businesses that could transition into grants.
GRAND RAPIDS — Facility owners and property managers are working with their commercial tenants during a time when most retailers and restaurants have had to severely cut operations.
Michigan’s loan and grant program for small businesses affected by the coronavirus is now accepting applications, state officials announced today.
The state now asks businesses and residents to donate essential medical supplies and protective gear to hospitals and other care providers.
The state intends to create two funds totaling $20 million to support grants and low-interest loans to small businesses that had to close or have been disrupted by the coronavirus and COVID-19 pandemic.
While the labor crisis lingers in West Michigan, manufacturers are spending millions of dollars on upskilling their incumbent employees to keep up with growth.