The Medc Supports Small Business Youtube The small business support hubs (sbsh) program received approval by the michigan strategic fund in june 2023, following the passage of the $75 million small business smart zones and business accelerators initiative by the michigan legislature. the program is funded by a one time appropriation using american rescue plan act (“arpa”) dollars. Michigan alliance of apex accelerators (formally ptacs) is made up of 10 different offices across the state dedicated to helping businesses understand and succeed in the government marketplace. thanks for filling out our form! medc and its network of local and regional partners provide small business assistance and small business resources.
Medc Supports Small Business Youtube The fund will provide opportunities for those who are socially and economically disadvantaged due to a lack of access to capital and credit. the michigan economic opportunity fund includes a $1.5 million investment from huntington national bank, grant support from ballmer group of $1.5 million and a $1.5 million million state small business. – today, governor gretchen whitmer joined the michigan economic development corporation (medc) to announce the new small business support hubs program aimed at investing in the state’s small business ecosystem. in michigan, small business growth has surged with 137,000 new small business applications submitted in 2022. 23 medc launched 23 economic relief programs deploying nearly $240 million in small business relief across all 83 michigan counties. 25,000 businesses received critical support to keep their doors open and ensure their employees continued to receive a paycheck. Medc also supports small business service providers like the small business development center (sbdc) and michigan manufacturing technology center (mmtc). since january 2021, the medc and its partners have supported small businesses over 30,000 times. this includes more than 175 announced business development and capital access projects.
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