State of Michigan Small Business Programs COVID-19
The State of Michigan is providing the two programs to potentially provide some assistance to small business. The Match on Main program is specific to the Downtown Development District. The MI Local Biz program is open to all small businesses. There is a very tight window for each of the programs. Please read through each program’s guidelines. I have provided my office and cell phone number, I will do what I can to assist.
The Match program will run through the City of Alma DDA. If you would like to apply and are within the Alma DDA District (DDA Map Attached) please fill out the Local Business Worksheet attached. Once in hand the DDA will need to review and make recommendations for the application to be sent to the State of Michigan.
The MI Local Biz program is completely up to the business to apply through the Patronicity website. Businesses may begin to apply for this program on Monday, May 18, 2020 and it is first come for serve basis.
Assistant City Manager/Econ. Dev./Zoning
City of Alma
(This Program is available for businesses located in the Downtown Develop Please fill out the Attached Local Business Worksheet to get the process started and submitted back to the City of Alma ASAP)
Local Business Worksheet Packet link: https://drive.google.com/open?id=1HS965DbnoP7jW89Whb8cOoxZjwERuTR_
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.
The application window is May 13, 2020 through May 29, 2020. All applications will be due by 5 p.m. on Wednesday, May 29.
Learn more about the program here: https://www.miplace.org/match-on-main
(Business Owner Responsible to Complete This Request – You can Apply Starting Monday, May 18, 2020)
MI Local Biz – Crowdfunding Model for Small Businesses
In response to the COVID-19 crisis, MEDC, in conjunction with the Detroit-based crowdfunding platform Patronicity, has developed “MI Local Biz,” a creative funding mechanism that offers quick access to capital for small local businesses during this unprecedented 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 such as restaurants, bars, coffee shops, salons, hardware stores, retail shops, etc.
Modeled after the MEDC’s highly successful Public Spaces Community Places program, MI Local Biz is a matching grant program that utilizes donation-based crowdfunding to generate public interest, 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 donate in real time. This crowdgranting model engages the public as each person contributes in the effort to assist their local businesses. Also, this model instills community pride as residents become a conduit of support for their local economy.
Applications will be accepted through the Patronicity platform starting May 18, 2020 at 8 a.m. Business applications will be evaluated on a first come, first served basis. Limited funding is available.
Learn more about the program here: https://www.patronicity.com/milocalbiz
Strengthening Our Downtown Community
The Alma Downtown Development Authority formed in 1996 and working with the City of Alma, serves to strengthen and support existing businesses and encourage new business opportunities in the downtown Alma Central Business District.
The DDA also works closely with the Alma Action Association to promote community activities to assist the downtown property owners and businesses in developing a viable downtown for the citizens of Alma and Gratiot County.