MCBA gets $511K to support local small businesses

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Monroe CountyMonroe County Business Alliance It has partnered with the Greater Ann Arbor Region through the Small Business Support Center program. MCBA is expected to receive $511,000 over three years to support Monroe County businesses.

Gov. Gretchen Whitmer recently announced the recipients of grant funds from the state program.

“We look forward to continuing and implementing many new programs to serve the entrepreneurial community,” said MCBA CEO TC Clements. “As we strengthen and grow our Monroe business community, a special focus will be placed on our minority-owned businesses.”

“The Small Business Support Hub program was approved by the Michigan Strategic Fund in June following the $75 million Small Business Smart Zones and Business Accelerator Initiative passed by the Michigan Legislature in February. The program uses American Recovery Plan Act (ARPA) dollars to provide one-time COVID-19 relief. It is a one-time payment to create and operate programs to support affected small businesses, the Monroe County Business Alliance said in a news release.

Gov. Gretchen Whitmer approved the funding.

“Small businesses are the backbone of Michigan’s economy, and this investment from President Biden’s America’s Rescue Plan to support their growth will build on Michigan’s economic momentum,” said Governor Whitmer.

The Greater Ann Arbor Region is expected to receive $3,426,316 in funding to support the program. MCBA is expected to receive $511,000 over the next three years to run a variety of programs.

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The goals of the Small Business Support Hub Program are to: Support small businesses affected by Covid-19; Develop a more inclusive, accessible and integrated technology and small business entrepreneurial ecosystem, increasing the number of businesses served by new programming, technical assistance and support services; raising awareness of Michigan’s small business ecosystem; Expanding the geographic reach of network partners into underserved communities and rural areas; and raise the national profile of Michigan’s small business ecosystem.

More details about local programs will be provided. To learn more about the Monroe County Business Alliance, visit Launch734.com.



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