Gilchrist urges small businesses to apply for new grant program
LANSING, Mich. — Michigan Lt. Gov. Garlin Gilchrist is among a number of people praising the state’s bipartisan infrastructure deal, calling it a transformative “huge step forward” for the state in a interview with FOX 17 on Thursday.
The $4.8 billion extra spending plan includes funds to repair roads, bridges and pipes, increase broadband access and several other things.
“These investments are important, not only in the present and for this year, but they are generational investments that we will be able to make in our communities. The governor and I presented plans and proposals on how to achieve this,” Gilchrist said.
One of them is a new grants program that launched earlier this month, a funding pool of more than $400 million to help small businesses, dubbed the “Business Grants Program in full growth”.
Full interview with Lieutenant Governor Garlin Gilchrist
“This is for those [businesses] who have been the backbone of the community, even during the pandemic – those restaurants and entertainment venues, people providing personal professional services, small businesses, again, that drive our economy and will create and retain jobs in the future,” explained Gilchrist.
Eligible businesses in operation before October 2019 who apply can receive a percentage of the sales they lost during the pandemic up to $5 million.
Eligible businesses that started operating between October 2019 and June 2020 could receive a grant of up to 25% to cover certain costs.
The state hopes the funding will help small businesses not only recover, but “invest in growing their business, investing in retaining your employees, investing in your marketing, attracting new customers, investing in retrofitting your facilities or facades to make sure your businesses can, you know, take the next step and take it to the next level,” added Gilchrist.
The state is urging all small business owners to apply for the grants, as the deadline to do so is only a week away.
To see if your business is eligible, or to apply, click here.