Applications are now being accepted through Thursday, March 31, 2022, for the new Growing MI Business grant program, which was signed into law at the end of last year to deliver $409 million in additional support to businesses across the state.
“My No. 1 goal is to put Michigan first, and that means making sure Michigan businesses have the resources they need to build on our economic momentum,” said Gov. Gretchen Whitmer. “Over the last year, my administration has worked hard to add 220,000 jobs and help businesses bounce back. The Growing MI Business Grant Program will make a difference for Michigan’s business owners and communities across our state. I will continue supporting Michigan’s resilient, innovative businesses as they work to expand operations and create more jobs.”
Under the Growing MI Business grant program, eligible businesses in operation before Oct. 1, 2019, may receive a grant up to $5 million due to financial hardship. Eligible businesses that began operating between Oct. 1, 2019, and May 31, 2020, may receive a grant equal to 25% of certain specified costs.
Effective today, individuals can apply for business resources online at www.michigan.gov/abr.
Each business must submit a completed online application to the Michigan Department of Treasury no later than 11:59 p.m. EST Thursday, March 31. Grant awardees will be notified in the spring and grant awards will be distributed by July 1, 2022.
Businesses interested in applying for a grant are encouraged to attend an information webinar from 1-2 p.m. Monday, March 7. Details for signing up for the webinar can be found on the grant program’s website.
Growing MI Business grants may be prorated depending upon the number of businesses that apply to ensure that all eligible businesses can receive funding. Grants will not be distributed based on a first come, first serve basis.
Under state law, there are nine types of businesses eligible a grant:
• Entertainment venues
• Recreational facilities and public places of amusement
• Barbers and cosmetologists
• Exercise facilities
• Food service establishments
• Nursery dealers and growers
• Athletic trainers
• Body art facilities
• Hotels and bed & breakfast establishments
Additional information about the Growing MI Business Grant Program – including frequently asked questions, fact sheets and previously recorded webinars – can be found on www.michigan.gov/abr.
