Good afternoon,
We are pleased to share that the Michigan Economic Development Corporation (MEDC) has announced the
Match on Main - COVID-19 Response Program
, which provides the Marquette DDA the opportunity to apply for up to $50,000 in grant funds to assist small businesses in Downtown Marquette!
Match on Main COVID-19 Response Program:
The Match on Main COVID-19 Response Program temporarily expands the MEDC’s Match on Main Program and will provide up to $50,000 to local downtown management organizations to administer to eligible small businesses located in traditional downtowns, neighborhood and commercial districts, or areas planned and zoned for concentrated commercial development.
This program serves as a tool for local units of government, downtown development authorities, or other downtown management organizations that desire to support place-based businesses located in their traditional commercial districts by providing grant funding to eligible businesses in response to the COVID-19 crisis.
The local unit of government, downtown development authority, Main Street organization or other economic development organization that represents the downtown is eligible to apply for up to $50,000.The minimum contribution that is able to be administered to any one business must be at least $2,000, with a maximum of $10,000. The applicant will determine which businesses are selected for inclusion in the application for support and at what desired grant amounts.
Eligible Businesses:
- The business was affected by the COVID-19 outbreak
- The business is for-profit and headquartered in Michigan
- The business has 25 employees or less
- The business sells products or services face to face within a traditional downtown, neighborhood or commercial district, or area planned and zoned for concentrated development
- The business has not received or been approved to receive MSF Small Business Relief Program funding or an MEDC Match on Main grant within the last 24 months
- Low-to-Moderate Income Owner *MEDC Preference, not required
Ineligible Businesses:
- Non-profits
- Franchises
- Businesses located in strip malls
- "Big Box" retailers
- Marijuana related businesses
- Businesses who have been approved to receive support from the Michigan Strategic Fund's Small Business Relief Program or an MEDC Match on Main Grant within the last 24 months
Eligible Uses of Grant Funds:
Grant funds may be used by the business for working capital to support payroll expenses, rent, mortgage payments, utility expenses, COVID-19 relief or recovery expenses or other ordinary business expenses.
Help us to help you!
