Michigan City and the Economic Development Corp. Michigan City are launching a grant program for small businesses.
The Small Business Assistance Grant Program aims to help businesses that continue to be negatively affected by the pandemic. The program is supported by the American Rescue Plan Act of 2021.
“The pandemic is still an everyday challenge for those business owners who are feeling the effects to this day,” said Clarence Hulse, executive director of the Economic Development Corp., in a press release. “The intense impact of the initial shutdown is lingering for many businesses that are still working their way back to where they were – let alone seeking to build a better and stronger business.”
Grants range from $5,000 to $25,000 for qualified businesses. The funds can be invested in infrastructure, equipment, employee payroll, utility or operating costs, rent or mortgage expenses, marketing and advertising, and physical improvements.
“This is an important grant program. Our small businesses are the backbone of our community because they employ our local residents and create a sense of community within the city,” said Angie Nelson Deuitch, Michigan City mayor.
Applicants must meet specific criteria, including having a location in Michigan City municipal boundaries. They must have been in business before March 1, 2020, and have 25 or fewer full-time employees. Businesses must also demonstrate economic hardship. The application and requirements are available here.
The Michigan City economic development team also is hosting an informational meeting about the grant program from 9 to 10:30 a.m. Feb. 23 at City Hall in the EOC Room, which is downstairs.
After receiving the application and required documents, the city’s ARPA Business Review Committee will evaluate how the funds will fill a need, ease the impact of the pandemic and help make the business more stable.
The Economic Development Corp. Michigan City works to attract new business to the community. Their services and programs are also aimed at strengthening existing businesses. The nonprofit organization was founded over 25 years ago.
