COVID Update: Funds approved to aid businesses, local money awarded
MARQUETTE — The Michigan Strategic Fund on Tuesday approved a $100 million program that will provide grants to small businesses around the state working to recover from the ongoing impacts of the COVID-19 virus, the Michigan Economic Development Corporation announced. The Michigan Strategic Fund authorized distribution of the funding across 15 local or nonprofit economic development organizations covering all 83 counties in the state to provide a base amount of $3.5 million per EDO for grants up to $20,000 each. InvestUP was awarded $4,545,455. “The COVID-19 virus has especially ...