General Motors (GM) and the Flint & Genesee Economic Alliance have announced the third round of its grant program created to help Flint small businesses grow and thrive.
Donor Name: Flint & Genesee Group
State: Michigan
City: Flint
Type of Grant: Grant
Deadline: 03/18/2022
Size of the Grant: $10,000
Details:
The program is designed to help businesses grow and expand, make repairs and leasehold improvements, and/or purchase inventory and equipment. (Funds may not be used for payroll, rent, staffing, or mortgage payments. Additionally, debt service on any federal, state, or local taxes owed are not eligible expenses for program consideration.) The collaborative effort between GM and the Economic Alliance will help to broaden revitalization efforts beyond the city’s downtown and into the neighborhoods.
Funding Information
The Moving Flint Forward Small Business Grant Program will award 15 grants of up to $10,000 to small businesses in Flint that meet certain criteria.
Eligibility Criteria
All grant applicants must complete the application process and comply with all program requirements. Grantees will be required to meet as a cohort 2-3 times during the grant period to network, provide updates on grant activities, share best practices/lessons learned, discuss service projects and possible connections, and receive technical support.
- Must own and operate a business within the City of Flint
- All applicants must complete each step of the application process to receive the entire grant
- Businesses must host at least one site visit with staff dedicated to this program to showcase progress/completion of grant activities
- Businesses must have a current business plan available to be submitted alongside grant application
- The business may not be a franchise
- Business must be in good standing as of the date of submission and not in bankruptcy
- Owners must not be listed on the Michigan State Police Sex Offender Registry and must comply with the U.S. Patriot Act.
For more information, visit Moving Flint Forward Grant Program.