The MEDC has also developed a FAQ for Michigan businesses and communities at michiganbusiness.org/covid19-faq. I know it hasn’t been easy, which is why we’re working around the clock to provide support for our small business owners. Through their extensive affiliates found in 36 states, they provide resources such as programming, public policy research, and advocacy in order to improve the lives of more than 2 million people nationwide. The 15th graduating class of the 500 Startups accelerator was onequarter minority 15 percent black and 10 percent Latino. • Michigan Strategic Fund authorizes Michigan Small Business Restart Program to support Michigan’s small businesses as they work to recover from COVID-19 crisis • Grants will be administered by 15 Economic Development Organizations covering all 83 counties. The State of Michigan has appropriated $100 million of federal CARES Act funding through SB 690, signed into law by Governor Whitmer last week, to implement the Michigan Small Business Restart Program to support Michigan’s small businesses that are reopening and have experienced a loss of income as a result of the COVID-19 crisis. Since its inception in 1910, the National Urban League stands as the largest community-based organization that focuses on empowering underrepresented urban communities. The funding is intended to promote investment and job retention and creation in minority communities and underserved markets by increasing access to capital and business development and training opportunities. Whether you’re interested in serving or receiving support from your immediate community, these organizations offer invaluable resources. I want to thank the federal and state legislatures, Governor Whitmer, the MEDC and especially 70 local reviewers who made this all happen. “We were just hitting our stride when the COVID-19 crisis hit. With every visit I am impressed with their level of professionalism. They are very helpful resources that offer valuable assets including grants, seminars, literature, consulting, and professional networking opportunities. The National Minority Business Council, Inc. (NMBC) A Membership Organization of Minority/Women and Veteran Business Owners 1120 Ave. of the Americas, 4th Floor New York, Their official website includes a job board tailored specifically for designers and information regarding an annual conference called DesigNation you wouldn’t want to miss if you’re a creative professional! “But there’s more that can be done—that everyone can do. It was a remarkable effort from all perspectives and LEAP was proud to lead the way in the Lansing region,” Bob Trezise, president and CEO of the Lansing Economic Area Partnership (LEAP). “There are thousands of small businesses and nonprofits here on the lakeshore that are the heartbeat of our communities. I sure would like to…, I've been, for a many a year, evening drinking with my pals! “Skin Bar VII opened late last year on Detroit’s Avenue of Fashion,” Jones said. The program is designed to support minority, women and veteran business development through direct assistance to nonprofit organizations in Wisconsin. The program supports the implementation of COVID-19 monitoring and mitigation strategies to protect agricultural employees and the state’s overall food production industry. Bookmark their page to remain posted on their upcoming events. Since its inception, it has invested in such minorityled startups as Walker & Co., AllDay Media and Mayvenn. The fund will invest in up to 100 companies and provide minority founders with capital and access to networks and expertise that they need to build their businesses. In addition to a flagship Fellows Program that places promising black and Latino college-level computer science students in internship programs at top tech companies, CODE2040 has also started a Residency Program designed to help black and Latino entrepreneurs build companies and cultivate diversity in their own communities. Each EDO established a review committee that could include representatives from local workforce agencies, local SBDC representatives, business and nonprofit leaders, among others. “They have stepped up in so many ways to be part of the solution, and these critical resources from the MEDC will aid in our continued response.”. LANSING, Mich. – More than 11,300 small businesses and nonprofits across Michigan have been awarded $69 million in grants by local economic development organizations as of September 10, 2020 through the Michigan Small Business Restart Grant Program, the Michigan Economic Development Corporation announced today. As a minority entrepreneur who has founded several startups and successfully raised VC money, I’ve always advised young people of color who are interested in entrepreneurship to actively seek outside help. This funding will allow us to serve more customers by extending our hours, adding staff, and utilizing more space in our building – just in time for our busy holiday season.”. The Michigan Small Business Restart Program is providing much-needed relief to those small businesses and nonprofits hardest hit by the impact of COVID-19 as they work to recover from the pandemic,” said Governor Gretchen Whitmer. MILWAUKEE, WI. “The Michigan Small Business Restart program, combined with other Michigan Strategic Fund programs and services as well as local and federal economic development support, will enable small businesses throughout the state to address the short-term impacts of the COVID-19 crisis while looking ahead to the long-term economic recovery needs of the state.”. Related: The 10 Best Cities to Be a Minority Small-Business Owner (Infographic), CODE2040 takes its name from the year when it is predicted that minorities will become the majority in the United States.
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