TRAVERSE Metropolis — Grants for northern Michigan little companies once again will be obtainable via the Regional Resiliency Method.
Administered by Undertaking North Funding and Enhancement, grants for corporations with 9 of fewer personnel will commence later on this thirty day period, in accordance to a release.
There RRP grants will be available to compact companies in Venture North’s 10-county location, which incorporates Antrim, Benzie, Charlevoix, Emmet, Grand Traverse, Kalkaska, Leelanau, Manistee, Missaukee and Wexford.
The system created 200 grants in 2020. The RRP was funded by a lot more than $500,000 in awards and donations.
Venture North President Laura Galbraith reported the recovery from the COVID-19 pandemic proceeds into 2021.
“Just as we see indicators of progress, the challenges of COVID-19 go on,” Galbraith mentioned in the release. “The comeback will be a very long haul for numerous modest organizations that dropped revenues, margins, money reserves, buyers and employees.
“The cost of dropping a organization in our rural communities is enormous. We estimate there are 17,000 smaller corporations with 9 or fewer workers in our 10-county area. We know many have not benefited from the Federal stimulus. With the steering of regional leaders, we want to allocate Resiliency grants and complex guidance to compact enterprises that are the heartbeat of northwest Michigan’s communities.”
The Regional Resiliency Method has acquired $300,000 in plan donations and grants, which includes $200,000 from the Individuals Electricity Basis in March. The objective for the software in 2021 is $500,000, the launch claimed.
“We could not be doing this without having the management and neighborhood awareness of nearby associates all through the area,” Galbraith mentioned in the launch. “They assist organize neighborhood teams that are goal and proficient about their communities. They evaluate all grant programs for their region and offer us with funding recommendations that we comply with.
“They also typically provide as catalysts for donations and charitable giving to the software with 100 p.c of those people contributions circling back as grants to assist compact firms in their neighborhoods that are having difficulties.”
Galbraith claimed the RRP will soon announce the grant application approach for 2021. Any enterprise can get help filling out the software by making contact with Enterprise North at [email protected] or (231) 995-7115.
Donations to the Regional Resiliency Software can be produced by contacting (231) 995-7110 or by checking out https://www.venturenorthfunding.org.