A grant program managed by the Muskegon Innovation Hub will help West Michigan entrepreneurs and small business owners still reeling from the pandemic.
The Hub announced the first six recipients to benefit from its Direct Grant Program during a reception on August 15. Over the next 12 months, the Direct Grant Program will award a total of $200,000 in funding to assist businesses with their operational costs, upgrades and expansion.
“Our grant program's primary goals are centered on businesses that were disproportionately impacted by COVID-19,” said Diane Fleser, the Hub’s grant program manager. “By expanding our reach into underserved and rural areas, and you'll see that represented through our award, it’s allowing us to cultivate a more inclusive and integrated entrepreneurial ecosystem.”
For this first round of grants, the Hub received 44 applications and nearly $500,000 in requests. Funding is administered by the Michigan Economic Development Corporation, said Kevin Ricco, the Hub's director.