The Michigan Economic Development Corporation is pleased to announce the another round of Match on Main funding.
Donor Name: Michigan Economic Development Corporation
State: Michigan
County: All Counties
Type of Grant: Grant | Reimbursement
Deadline: 02/16/2024
Size of the Grant: $10,000 to $100,000
Grant Duration: Grant Duration Not Mentioned
Details:
Match on Main is a reimbursement grant program, provided by the Michigan Economic Development Corporation, that serves as a tool to support new or expanding place-based businesses by providing up to $25,000 in funding to support an eligible small business through an application submitted, administered, and managed by the local unit of government, downtown development authority, or other downtown management or community development organization where the business is located.
The MEDC finds value in supporting place-based businesses located in Redevelopment Ready Communities® and Michigan Main Street districts, given the local capacity that has been built to support new and existing small businesses through the technical assistance, training, and education communities gain by participating in these programs. The grant applicant –which is the local entity applying on behalf of the small business seeking grant support – must represent a community that is a essentials or certified Redevelopment Ready Community® or is a select or master level Michigan Main Street Community.
The focus of Match on Main is to support place-based businesses as they seek to launch and grow on main street. Small businesses are the cornerstone of what makes Michigan’s downtowns unique and authentic. This program aligns with the MEDC’s strategic focus areas, including the continued effort toward developing attractive places.
Program Goals
Match on Main strives to:
- Support the creation and growth of businesses located in select or master Michigan Main Street districts or essentials or certified Redevelopment Ready Communities® across the state
- Provide access to capital for place-based businesses, create and retain jobs, leverage private investment, and activate vacant or underutilized space
- Provide eligible communities with a business recruitment and retention tool as they work to grow and support their local entrepreneurial ecosystem.
Funding Information
The Match on Main program provides grant funding to support an eligible small business desiring to launch or grow on main street by providing up to $25,000 in funding, reimbursed for eligible activities.
Uses of funds
Grant funds may be used by the business for eligible expenses that support technical assistance, interior building renovations, permanent or semi-permanent activation of an outdoor space, and other working capital needs such as marketing needs and inventory expenses. Additional needs identified by the business and supported by the local community will also be considered.
Eligible Businesses
- The business is located within a traditional downtown
- The business is a for-profit or non-profit headquartered in Michigan
- The business sells products or services face-to-face and has a physical location in a traditional downtown
- The business will have, or intends to have, control over the site for which they are applying prior to Match on Main application (proof of lease may be required).
Ineligible Businesses:
- Franchises
- Businesses located in strip malls
- “Big box” retailers
- Marijuana, CBD, or tobacco-related business.
For more information, visit MEDC.
