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Gov. Whitmer’s 2,600 Michigan Businesses Receive Support through Growing MI Business Programs

Over $ 105 Million in Grants to Help Provide Relief and Sustain Economic Growth

LANSING, Mich. – Today, Governor Gretchen Whitmer has provided more than $ 105 million to 2,600 Michigan businesses for economic growth as part of the Growing MI Business Grant Program.

“The second phase of Growing MI Business Grants will provide more than $ 105 million to more than 2,600 businesses as they face rising prices, encouraging them to grow in Michigan and improving our wealth, ”Governor Whitmer said. “I was proud to work on the bridge to establish the Growing MI Business Grant so that businesses can find real relief, hire more employees, and expand their operations. Last year, our state saw economic growth and added 220,000 jobs as unemployment fell to a record low, and this program will help businesses to continue to grow and flourish. This is possible when we work together to grow our economy, build and protect well –paid jobs, and provide real relief for entrepreneurs as they work in our communities. ”

Under the Growing MI Business Grant Program, eligible businesses that are operational before October 1, 2019, can receive grants of up to $ 5 million to hire additional employees to fill. vacancies, renew or expand their businesses, or improve jobs as they arise. the disease. Eligible businesses that started operations between October 1, 2019, and May 31, 2020, can receive assistance equal to 25% off some special costs.

Under state law, nine types of businesses are eligible to apply for assistance:

Interested businesses were required to submit an online application to the Michigan Department of Finance by March 31. Information on donations and payments to businesses will be distributed on July 1, 2022.

“Our ultimate goal is to help qualified Michigan businesses find relief so they can thrive in our economy after the disease,” said State Treasurer Rachael Eubanks. “We have worked closely with our business partners in the private sector and the public to ensure that everyone is aware of the Growing MI Business Grant Program and help businesses navigate the application process. I encourage businesses that have questions about their gift rewards to reach out to us. “

More information about the Growing MI Business Grant Program can be found on the Growing MI Business Grant Program website. Individuals with questions about this assistance program should email Treas-abr@michigan.gov or call 1-866-507-8462.

Economic Growth and Good Wage Job Creation

Governor Whitmer is focusing the laser on Michigan’s economic growth and ensuring that all institutions can thrive. The governor’s steady leadership through the COVID-19 virus, guided by science and data, helped Michigan’s economy recover quickly. Governor Whitmer will continue to pursue investments in infrastructure, higher education and skills programs, and future industries to build better paid jobs and begin a new era of prosperity for Michigan.

Welcome the strength of the economic recovery

The Gift ID consists of seven numbers spaced between the numbers three and four. The first three numbers correspond to the state agency and the last four numbers correspond to the special assistance.

What is IDA grant?

The Individual Development Program (IDA) is a reserve program that gives eligible participants equal access to up to $ 4 per student. for every $ 1 a participant saves. To see also : Electricity bill more than doubled for local businesses. Participants can roll back their savings and similar donations to buy their first home, start a business, or pay for college.

Is IDA a loan? The International Development Association (IDA) (French: Association internationale de développement) is an international financial organization that offers loans and assistance to the world’s poorest countries.

How much is the IDA grant?

For the financial year ended June 30, 2021, IDA committed $ 36 billion, of which $ 12.1 billion in donations.

How do you qualify for IDA?

In order for participants to be considered eligible for an IDA through AFI, participants must be TANF eligible, EITC eligible, or have an income below 200% of the poverty line. See the article : Creative Arts & Lifestyle Emmy Awards: ‘The Kelly Clarkson Show’ Triumphs; ‘Judy Justice’ won its first Emmy. Since the program’s inception in 1999, AFI has enabled more than 60,000 low -income people to save through AFI IDA.

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What is the most common grant?

PROGRAMS AND PROGRAM ADMINISTRATION Programs and employment assistance are the most common type of award. This may interest you : Grow your freelance career into a small business. It’s more straightforward, since donations can be used to create, support, or develop the programs or projects described in your donation.

What are some examples of donations? Examples of donations by type

  • Community Development Project.
  • Access, Discounts, and Mental Health Services Block Grant.
  • Law Enforcement Block Grant.
  • National Institutes of Health for bioscience research.
  • National Science Foundation for physical science research.

Which type of government grant is currently the most popular?

Medicaid has the largest federal subsidy in the states, accounting for 65 percent of total grants in 2018. From 2008 to 2018, Medicaid was the main driver of 42 percent of the total. federal grants to the states.

What are the 3 types of grants?

The three general types of federal assistance to state and local grants are social assistance, block funds, and general income sharing (see Table 1).

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How do I apply for a federal grant?

Before applying for a grant opportunity, you will need to register an account with Grants.gov. Whether you are an applicant for an organization or a person applying for grants on your own, you only need one account to register with Grants.gov. The Grants.gov registration process can be completed in minutes.

How do I get help from the US government? To find or apply for grants, use the official website, Grants.gov. Businesses may charge a fee for gift information or application forms. Grants.gov sources information from more than 1,000 government grants. It is designed to help states and organizations search and apply for assistance.

What are the requirements for federal grants?

General eligibility for federal assistance programs includes your financial need, being a U.S. citizen or a noncitizen, enrolled in a qualification degree or certificate in your college or vocational school, and so on. You are a regular or seasonal enrolled student.

What are the 3 types of federal grants?

Grants: There are three main types of federal grants: budget, project, and model.

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What’s the ID a grant?

Founded in the 1960s, IDA aims to reduce poverty by providing interest -free loans (called “loans”) and donations for programs to increase wealth, reduce inequality, and improve living standards. of people.

What does it mean to receive help? A donation is a reward, usually financial, given by an organization (usually a company, foundation, or government) to a person or corporation to facilitate a goal or encouragement. of performance. Donations are gifts that are free of charge, under most circumstances.

What is a grant used for?

A grant is a fund made available by an individual or organization for use by another group to fund a project, business, or charity. or a house. Most donations are made to help or encourage a specific activity and most donations have restrictions or requirements to determine who is eligible. for funding.

What is a grant and how does it work?

What helps? A grant is a way for the government to fund your ideas and activities to provide social services and stimulate the economy. Grants support rehabilitation projects, new research, and many other programs listed in the Catalog of Federal Domestic Assistance (CFDA).

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