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Michigan Strategic Fund approves $41.9M for COVID-19 response fund
Read full article: Michigan Strategic Fund approves $41.9M for COVID-19 response fundLANSING, Mich. – The Michigan Strategic Fund (MSF) approved the second amendment of the 2019 Program Year Action Plan for $41.9 million to be incorporated in Community Development Block Grant’s (CDBG) Coronavirus Response funds. Related: Macomb County offering $5,000 small business grants; applications due June 24MSF approved an amendment to the Program Year Action Plan in May, adding $20.5 million for COVID-19. With the funding, counties would be reimbursed for unbudgeted expenditures allocated for prevention and preparation in response to COVID-19. Small business restart programThe MSF also adopted amended guidelines to the Michigan Small Business Restart Program. With the amendment, small businesses that received grants through the Michigan Small Business Relief Program would be eligible for grants from the restart program.