| THURSDAY, JUNE 25, 2020
There are more than 80 Michigan small businesses enrolled in the MI Local Biz initiative, a crowdfunding-and-matching-grant program from the Michigan Economic Development Corporation. Businesses across the state, located as far northwest as Ironwood in the Upper Peninsula to cities as far south as Sturgis, have enrolled in the program.
The program was developed to help small businesses stay open throughout the COVID-19 pandemic. Businesses create crowdfunding campaigns and, should they reach their goals, the MEDC then contributes a matching grant.
The deadline for each campaign is different, with some businesses already nearing the end of their campaigns while others still have weeks to go.
Remarkably, one of the businesses enrolled, downtown Farmington’s The Vines Flower & Garden Shop, reached their goal of $5,000 less than two days into their 30 day campaign. While the crowdfunding remains open for another two weeks, the matching grant is capped at $5,000.