A new round of Match on Main grant funding has been announced from the Michigan Economic Development Corporation (MEDC). This provides the Marquette DDA the opportunity to apply for grant funds to assist a small business looking to launch or grow in Downtown Marquette!
Donor Name: Marquette Downtown Development Authority
State: Michigan
City: Marquette
Type of Grant: Grant
Deadline: 02/06/2023
Size of the Grant: up to $25,000
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 an 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
- Providing up to $25,000 in funding to support an eligible small business through an application submitted.
Eligible Criteria
- The business is located within the downtown district
- The business is a for-profit or non-profit headquartered in Michigan
- The business sells products or services face to face within a traditional downtown, neighborhood or commercial district, or area planned and zoned for concentrated development
- The business will have, or intends to have, control over the site for which they are applying prior to match on Main application
For more information, visit Downtown Marquette.
