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Regional Resiliency Fund

Grants to Michigan Small Businesses in Eligible
Counties to Support COVID-19 Recovery

Agency Type:

Foundation / Corporation

Funding Source:

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Traverse Connect and Venture North

Deadline Date:

06/05/20 12:00 PM

Description:

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Grants of up to $5,000 to Michigan businesses in eligible counties to support resilience in the wake of the Coronavirus (COVID-19) health crisis. The purpose of this program is to help local small businesses survive the health crisis. Funding is intended to support the efforts of businesses to meet new and changing demands and to assist them to reopen their business quickly and safely when the executive order is lifted. Grants are available to small businesses with 9 or fewer employees negatively impacted by the COVID-19 pandemic in Benzie, Grand Traverse, and Leelanau Counties.

Funding Priorities

Grant funds will be awarded to eligible businesses based upon these priorities:

  • Business demonstrates a readiness to adapt to changing demand and business environment;
  • Business is currently open, or plans to reopen quickly upon permission from the state;
  • Businesses that have 9 or fewer FTEs
  • Businesses that have not received COVID-19 related grants from other sources, including the U.S. Small Business Administration (SBA) Payroll Protection Program or Economic Injury Disaster Loan Program since March 2020
  • Businesses that currently, or will upon reopening, meet or exceed the Center for Disease Control standards for safety to avoid the spread of infectious COVID-19

Funds from the grant awards may be spent to cover any reasonable business costs.

GrantWatch ID#:

GrantWatch ID#: 190185

Estimated Total Program Funding:

$200,000

Estimated Size of Grant:

The Regional Resiliency Fund provides grants of up to $5,000. Grant amounts will be awarded in increments of $2,500 and $5,000 based upon business size and priority rankings.

Additional Eligibility Criteria:

In order to qualify, a business must meet all of the following:
(1) Be headquartered or operate primarily in Benzie, Leelanau, or Grand Traverse counties ;
(2) Employ fewer than 10 FTEs;
(3) Exist as a for-profit entity;
(4) Currently be open or have a plan to reopen when the executive order is lifted; and
(5) Not be in any stage of bankruptcy filing.

Ineligible businesses:
- A business that is part of a franchise or marketed as part of the sharing economy, such as Uber, Airbnb, VRBO, etc. is not eligible
- A home-based business that is part of a network marketing franchise is not eligible
- Grant funds may not be used to cover franchise fees

Pre-Application Information:

The application will go live at 10 a.m. on Friday, May 29. Applications will be accepted until 12 p.m. on Friday, June 5.

Grants will be awarded regularly until funds are exhausted.

Contact Information:

Before starting your grant application, please review the funding source's website listed below for updates/changes/addendums/conferences/LOIs.

Application: https://traverseconnect.com/our-region/regional-resiliency-fund/application/

If you need help with completing the application please contact: info@venturenorthfunding.org

For questions and more information, contact:
Laura Galbraith, Executive Director of Venture North
231-357-6776
laura@venturenorthfunding.org

URL for Full Text (RFP):

Geographic Focus:

USA: Michigan: Benzie, Grand Traverse or Leelanau counties

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