Due Thursday, May 28th, 5pm! Ypsilanti Downtown Development Authority will be applying to the MEDC’s Match on Main program to provide grants of between $2,000 and $10,000 to administer to small businesses located within the Downtown, Depot Town, and West Cross Districts. Grants 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 similar expenses that occur in the ordinary course of business. The YDDA has not yet received this funding from the MEDC Match on Main Program and all grants are contingent upon that award. Contact email@example.com for more information.The YDDA Match on Main application can be found here: https://docs.google.com/forms/d/e/1FAIpQLSeiAkptwQT8bNV7en4oeUGIEytkf5j8y8xJJgHzCZ9K5gWvPQ/viewform?vc=0&c=0&w=1
- 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 and/or any other business deemed ineligible by the MEDC.
- BEST! Washtenaw County Health Department Guidance for Businesses has a COVID-19 business packet, emergency order, workplace checklist, sample health screening form, and recommendations on sourcing PPE, reopening, and managing COVID-19 in all types of workplaces.
- NEW! Grants for Women in Business:
- NEW! Ypsilanti DDA Facade Grants provided by the Ypsilanti Downtown Development Authority, facade grants can be used to add patios or outdoor retail to bring part of customer operations outdoor and add room as you reopen.
- NEW! PPP Loan Application and Forgiveness Application (SBA) Forgiveness application has just become available.
- NEW! Michigan Restaurant and Lodging Association has guides on handling Covid-19 including a roadmap to reopening.
- NEW! Patronicity matching grants for a crowdfunding campaign through the MEDC, for Michigan businesses with less than 25 employees. Grants up to $5000 matching.
- NEW! Michigan Entrepreneur Resilience Fund includes grants from $1000 – $5000 and loans from $5000- $10,000 with 1-3 year repayment. Funding is to assist with reopening or pivoting your business.
- NEW! Michigan Reopen Main Street includes resources and ideas for reopening and making customers feel welcome.
- MIOSHA MIWISH Grant Program – The MIOSHA Workplace Improvement to Safety and Health (MIWISH) Grant Program awards qualifying employers a dollar-for-dollar match – up to $5,000 – to purchase safety and health-related equipment and equipment-related training. The goal of the program is to create a safer and healthier work environment and reduce the risk of injury and illness to workers in Michigan.
- MIchigan Strategic Fund Awardee Relief Fund (MEDC) To provide temporary relief to Michigan Strategic Fund borrowers, grantees and other incentive awardees. Relief will vary based on a case by case review of requests.
- Ann Arbor Area Community Foundation’s Short-Term Cash Flow Loan Program – Must be a 501(c)(3) nonprofit serving in Washtenaw County. Loans are interest-free. Loans can be used to meet cash flow needs of the organization for a period of up to 180 days. The repayment period begins 90 days after the cash flow period has concluded. Repayment period can be up to 12 months. Loan repayments will be made in equal monthly installments.
- Resources from the Small Business Association of Michigan
- Washtenaw Small Business Resiliency Fund
- Coronovirus Toolkit from the MI Chamber of Commerce.
- Resources from the A2Y Chamber for Small Businesses
- MICOVIDCare Lists local businesses that are still open or providing services during Michigan’s shutdown