Top Small Business Grants in Michigan
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Grants for Small Businesses in Michigan
Michigan’s State Trade Expansion Program (MI-STEP)
Program description: MI-STEP is a grant reimbursement program that can help you export your goods and services from the Wolverine State to foreign markets. Incentive: Receive up to $15K in reimbursements for eligible business expenses, including international marketing and trade show participation costs. General requirements: Here are some of the general requirements for this grant: Be a Michigan-based small business Be able to provide a Michigan Licensing and Regulatory Affairs (LARA) annual report or business structure filings from a county registrar's office Understand how exporting works and the cost of doing business with foreign buyers Provide an employer identification number (EIN) linked to a Michigan address Be in good standing with the Michigan Department of Treasury and other regulatory agencies Be an export-ready U.S. company Have a product or service consisting of at least 51% U.S. content Minimum gross annual revenue of $100K Wholesale distributors of imported products are not eligible for MI-STEP grants How to apply: Access and submit a completed MI-STEP grant application through the Michigan Economic Development Corporation (MEDC) Project Portal.
Match on Main Grant Program
Program description: Match on Main is a reimbursement grant program for eligible small businesses operating in a Michigan business district. Incentive: Be reimbursed up to $25K for eligible expenses on project activities, such as the cost of making interior building renovations to a permanent commercial space. General requirements: Here are some of the general requirements for this grant if you’re an eligible small business owner: Have a local government, downtown development authority, Michigan Main Street program, or other eligible organization apply on your behalf Be headquartered in Michigan Be located within a traditional downtown, historic, or mixed-use location zoned for concentrated commercial development in Michigan Sell products or services face to face as an eligible business Have a proposed project that incurs eligible expenses, such as costs for interior building renovations or electrical improvements How to apply: Work with an eligible applicant who can submit a Match on Main grant application on your behalf, such as the local government where your business is based.
Michigan Workplace Improvement to Safety and Health (MIWISH) Grant Program
Program description: The Michigan Occupational Safety and Health Administration (MIOSHA) offers MIWISH matching grants to eligible employers who buy items that promote workplace safety. Incentive: Receive up to $5,000 in matching funds to buy items and training services that help improve the safety and health of your employees. General requirements: Here are some of the general requirements for this grant: Have 250 employees or less Come under the jurisdiction of MIOSHA Conduct a site-specific evaluation justifying the purchase of any safety equipment Implement a workplace safety project that reduces the risk of injury or disease to employees How to apply: Complete the MIWISH grant application available online.
Motor City Match Grants
Program description: Motor City Match is a business assistance program that provides cash grants to eligible small business owners who need additional funding to open a new establishment in Detroit. The program can also benefit existing Detroit business owners who need additional funding to complete façade improvements. Incentive: Receive gap funding grants of up to $100K to open a new business in Detroit or grants of up to $25,000 to complete façade improvements to your existing Detroit business. General requirements: Here are some of the general requirements for this grant: Be a new businessperson opening your first location in Detroit, an existing business owner opening an additional location in Detroit, or an existing Detroit business owner who needs additional funding to complete façade improvements Have a clear budget on the total project costs to open a new establishment or complete façade improvements Have the ability to invest a minimum for 10% of the total project costs in your own equity Have a need for additional funding that you can’t find elsewhere Have been open and operating for at least one year if you’re seeking funding for façade improvements How to apply: Access the Motor City Match grant application online and submit a completed application when the grant round opens.
City of Wayne Façade Improvement Program Grants
Program description: The City of Wayne Downtown Development Authority (DDA) offers Tax Increment Financing (TIF) cash grants to eligible property owners who enhance the general aesthetics of a building exterior or façade. Incentive: Receive up to $10K in reimbursements for making façade improvements to an eligible property in the City of Wayne’s downtown TIF district. General requirements: Here are some of the general requirements for this grant if you’re a small business owner: Own commercial property or other eligible real estate in the City of Wayne’s downtown TIF district All personal and real property taxes are paid up to date Payment of all water charges and special assessments are current Have a certificate of good standing from the state of Michigan Propose a detailed project that would improve a blighted property or help prevent deterioration in the downtown district Comply with all City of Wayne regulations, codes, and ordinances How to apply: Access the City of Wayne Façade Improvement Program grant application online and submit a completed application to the City of Wayne Community Development Department.
Who Provides Small Business Grants in Michigan?
Arizona small business grants California small business grants Colorado small business grants Florida small business grants Georgia small business grants Illinois small business grants Indiana small business grants Maryland small business grants NC small business grants New York small business grants NJ small business grants Ohio small business grants Pennsylvania small business grants Texas small business grants Wisconsin small business grants
Do You Have to Pay Back a Small Business Grant?
Who Is Eligible for Small Business Grants in Michigan?
What Industries Does Michigan Support With Grants?
Cannabis Construction Fabricated metal product manufacturing Food manufacturing Machinery manufacturing Metal industries Nonmetallic mineral product manufacturing Nursing and residential care facilities Plastics and rubber products manufacturing Primary metal manufacturing Retail trade (store and nonstore retailers) Transportation equipment manufacturing Wood product manufacturing
Michigan Resources for SMB Owners Looking for Funding
Michigan Small Business Development Center (SBDC)
Webinars and workshops about running and growing your business Market research No-cost consulting
SBA District Office in Michigan
Alternative Funding Sources for Small Businesses in Michigan
Michigan State Small Business Credit Initiative (SSBCI)
Michigan Small Business Venture Capital Program — $75 million. This program can help eligible startups access venture capital. Michigan Collateral Support Program — $71.1 million. This program provides cash collateral to help small businesses qualify for small business loans. Michigan Loan Participation Program — $48.2 million. This program uses SSBCI funds alongside private funds to support loans to borrowers who need financing for a diversification or expansion project in Michigan. Michigan Loan Guarantee Program — $40.3 million. This program provides lenders with short-term, partial guarantees to support loans offered to eligible borrowers, including socially and economically disadvantaged individuals who own small businesses in the Wolverine State. Michigan Capital Access Program — $2.37 million. This program uses SSBCI matching funds to support portfolio insurance on small business loans.
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