The Best Business Grants for Women in Michigan
Wherever you locate your new business, every state has an abundance of supportive organizations for women entrepreneurs. Michigan's women entrepreneurs are in luck. Below, this article will detail many excellent opportunities growing and reaching out to assist women-owned businesses. Here are the best business grants for women in Michigan.
Michigan Women's Commission
Women who need a helping hand in Michigan can turn to the Michigan Women's Commission (MWC). This group wants to address the needs of businesses started and owned by women by helping them locate business grants. Since women create more than half the new businesses in Michigan, the commission wants even more women to start their businesses.
Credit is one of the first hurdles small business owners face when deciding to open their small business. Grants, unlike loans, generally do not have to be repaid. Grant money is beneficial for small business owners with funding issues.
Barbara Deming Memorial Fund (Money for Women Grant)
During the civil rights and women's movements, Barbara Deming was on the frontline. Deming wanted to give financial and moral support to creative women who worked in the same field as her. Twice a year, the fund awards $500 to $1,500 to individual feminists who write, work in visual art, and write pieces that uplift fellow women.
This support comes from loans to US nonprofits, individuals, small businesses, veterans' organizations, and Tribal businesses. This support is meant to contribute to job retention during the COVID-19 pandemic. Eligible uses include payroll assistance, guidance for companies and employers, SBA relief efforts, and more. The Small Business Administration considers grants and loans for individuals from every US state.
Grants to New Jersey, Michigan, Wisconsin, and Ohio Nonprofits to Turn Vacant Lots into Recreation Areas
This grant gives as much as $10,000 and grants of up to $75,000 to New Jersey, Michigan, and Ohio nonprofit organizations and community-based projects to turn vacant lots into recreation areas. Funds can support small businesses in and around the project.
Michigan Small Business Relief Program Funding
The Michigan Economic Development Corporation recently announced that small businesses impacted by COVID-19 may now obtain grants or loans through the Michigan Small Business Relief Program. This program provides as much as $20 million in grants and loans to give economic assistance to the state's small businesses negatively impacted by the coronavirus. A few of the offerings that are coming to the fore include:
● Michigan Small Business Survival Grant Program
● Michigan Stages Survival Grant Program — grants for entertainment venues
● Amber Grant for Women — Businesswomen in Michigan and all around the US are eligible to apply for a $10,000 Amber Grant each month. If you are one of the winners at the end of the year, you will automatically win Amber Grant for Women's year-end Amber Grant of $25,000. The Amber Grant site has helpful links to resources that support businesswomen in Michigan.
Pailor is a nonprofit focused on helping women business owners receive the support they need to develop their businesses. We want to assist women entrepreneurs in any way we can. Our mission is to propel women-owned businesses towards growth through learning, access to capital, and services, along with a like-minded community.
Our team is excited to have your business join us and look forward to keeping you in touch with the latest news concerning women entrepreneurs, grants and funding ideas, and the latest data based on the actions, successes, and strategies women bring to the marketplace. Contact us today to discover the significant impact Pailor offers.