Michigan Economic Development Corporation

MARQUETTE, MI--   A second round of grant funding is being made available by the Michigan Economic Development Corporation (MEDC) through the Michigan Small Business Restart Program which is intended to infuse an additional $100 million in grant funding to small businesses throughout the State.

LANSING, MI (AP)--   Michigan’s economic development board has authorized a $115 million grant program for small businesses, nonprofits, farms and agricultural processors hurt by the coronavirus pandemic. 

Entities can start applying July 15. Michigan will disburse the funding to local economic development organizations that will give it to businesses and nonprofits.

SAULT STE. MARIE, MI--   The Michigan Strategic Fund has approved funding for the City of Sault Ste. Marie to make improvements. 

The Soo was awarded more than $4.3 million in federal Community Development Block Grant funds. The city will use the money to transform four public spaces with green areas, an interpretive pathway and way-finding signage, among other improvements.

LANSING, MI--   The Michigan Economic Development Corporation (MEDC) partnered with Michigan Women Forward today in announcing the creation of the $1.5 million Michigan Entrepreneur Resilience Fund to help entrepreneurs and small businesses negatively impacted by COVID-19 recover from the outbreak, as well as assist them in meet

MARQUETTE, MI--   Northern Initiatives says it has temporarily halted inquiries into a $2 million loan fund made available by the Michigan Economic Development Corporation. 

The Marquette-based community development financial institution says the announcement of the fund resulted in more than 700 inquiries sent through the Northern Initiatives website. It continued at an average of 50 leads per hour through the night.

MARQUETTE, MI--   Community development finance institution Northern Initiatives is getting assistance from the Michigan Strategic Fund to help businesses affected by COVID-19. 

The Northern Michigan University-based group will provide up to $2 million in loans through the Michigan Economic Development Corporation's Capital Access Program. Northern Initiatives will use the funds to make micro- and small business loans to businesses, with an emphasis on women- and minority-owned businesses. The loans will range from $5,000 to $250,000.

MARQUETTE, MI--   Ten property owners in Marquette’s Downtown District have received grants to improve their building façades. 

The Marquette Downtown Development Authority is awarding a total of $323,000. The MDDA received one-time grant funding in the amount of $300,000 through the Michigan Economic Development Corporation's Façade Restoration Initiative pilot program. Marquette was one of three Michigan communities out of 52 applicants to receive funding.

Grant recipients are as follows:

LANSING, MI--   A crowdfunding campaign has been established to restore the historical Carp River beehive kiln and place it on the Iron Ore Heritage Trail. 

The goal of the campaign is to construct a new gateway park along the Trail. The featured rebuilt kiln will be surrounded with art, landscaping, walkways, lighting, benches and interpretive signs. The Carp River Kiln Gateway Plaza will become a new community space paying tribute to Marquette’s iron mining story and welcoming visitors to the area.

NEGAUNEE, MI--   The City of Negaunee is trying to restore its VFW monument and create a Veterans of Foreign Wars Memorial Park through a crowdfunding effort. 

A campaign has been established on Patronicity. If the crowdfunding goal of $12,000 is reached by June 2 the project will win a matching grant from the Michigan Economic Development Corporation’s Public Spaces Community Places program.

SAULT STE. MARIE, MI--   The City of Sault Ste. Marie has been named a winner of the 2019 Michigan Main Street Photo Contest. 

The event is sponsored by the Michigan Economic Development Corporation.

The Soo was the winner of the Active Downtown category, which focused on the overall vibrancy and activity occurring within Main Street Communities.

MEDC officials say the city’s submission demonstrates the unique character of Michigan Main Street Communities and highlights the enjoyment of the downtown experience by all visitors.