DETROIT - The TechTown Stabilization Fund closed with 347 grantees receiving a total of $575,000 in funding – adding to the 350 small businesses previously funded by TechTown’s Detroit Small Business Stabilization Fund. Together, the two funds funneled approximately $1.2 million into local small businesses in the midst of the ongoing COVID-19 crisis. The New Economy
LANSING – The MSF Board has approved modifications in the Business Accelerator Fund (BAF) which provides grants to 16 Smart Zone business accelerators to help high tech companies commercialize technology and grow. These modifications will help the Smart Zone accelerators better support their clients that are now struggling due to drastic economic decline due to
DETROIT — Over the course of two weeks, TechTown launched the Detroit Small Business Stabilization Fund and awarded a total of $606,000 to 350 Detroit small businesses. The fund was created in partnership with the City of Detroit, the Detroit Economic Growth Corporation (DEGC), and Invest Detroit to provide working capital grants to some of
ANN ARBOR - In light of the continuing impact of the coronavirus, the Midwest Growth Capital Symposium and InvestMidwest have partnered to present an online Midwest Venture Showcase 2020. The online format will still showcase Midwest companies seeking early-stage funding and the opportunity to connect with founders, angel investors and venture capitalists — as MGCS
ANN ARBOR - Dug Song, who sold in 2018 Duo Security to Cisco for $2.35 billion, has contributed $1 million to an emergency relief fund for small businesses in Washtenaw County impacted by the COVID-19 pandemic. The money was donated to the Washtenaw Small Business Emergency Relief Fund. https://www.washtenawsbf.com/ Contributions also came from Ann Arbor
LANSING–The Michigan Economic Development Corp. Pure Michigan Business Connect program is expanding its free, online procurement platform by now including donations from suppliers capable of filling health and human service needs across a broad range of product and service categories. The platform will provide direct access to businesses within the state providing supplies including personal
LANSING—The Lansing Economic Area Partnership (LEAP) successfully secured $600,000 from the MEDC’s Small Business Relief Program to issue 60 $10,000 grants to small businesses across Clinton, Eaton and Ingham counties that are suffering financial hardship as a result of the COVID-19 pandemic. The grant application for these funds is now open and can be accessed
ANN ARBOR - As COVID-19 unfolds worldwide, a high level of uncertainty has manifested itself. Social distancing, self-quarantines, as well as federal and state mandates forcing the closure of businesses, have become the new norm in recent weeks. This webinar features a panel of experts as they discuss how this current crisis will affect venture-backed
DETROIT - If your business has been affected by COVID-19, the SBA Economic Injury Disaster Loan RELIEF fund is now available. Although Bob Moore Financing encourages you to seek other forms of working capital immediately, SBA loans are an excellent long-term alternative. "The SBA recognizes this an allows finance companies to charge as much as
ANN ARBOR - Washtenaw County Office of Community and Economic Development, Ann Arbor SPARK, the Greater Washtenaw Region Small Business Development Center, and the Entrepreneurship Center at Washtenaw Community College Collaborate to Provide Up to $2,500 to Businesses in Need Ann Arbor SPARK, the Greater Washtenaw Region Small Business Development Center, Washtenaw County Office of
