FLINT, MI — The Flint & Genesee Economic Alliance has introduced a new initiative to support small businesses throughout Genesee County. The Flint & Genesee Small Business Hub Grant Program, funded by the U.S. Department of Treasury and administered by the Michigan Economic Development Corporation (MEDC), aims to strengthen the local economy by providing financial support to businesses at various stages of growth.
Applications for the program are now open, with a submission deadline of 5 p.m. on Friday, Jan. 3, 2025. The program will award $210,000 in grants to eligible businesses, offering grants ranging from $5,000 to $15,000, depending on the size and stage of the business.
The grant program targets three categories of businesses:
- Start-ups, defined as businesses operating for less than a year, can apply for grants of up to $5,000.
- Micro-businesses, which have been in operation for more than a year and employ fewer than 10 full-time staff, are eligible for up to $10,000.
- Small businesses with 10 or more full-time employees can apply for grants of up to $15,000.
Businesses interested in applying must complete a two-step process. First, applicants must submit a Letter of Intent (LOI) to determine eligibility. Once the LOI is approved, applicants can proceed to the full application.
The full application requires details such as a current business plan, proof of business registration, and a proposed budget for the use of funds. Applicants must meet specific eligibility criteria, including being located in Genesee County, being properly registered, and remaining in good standing.
Nonprofits, franchises, and businesses involved in bankruptcy proceedings are not eligible. Grantees will also participate in a four-week training program consisting of two virtual and two in-person sessions. The training is a mandatory requirement before funds are disbursed.
The grant funds can be used for a variety of business needs, including purchasing equipment, inventory, marketing services, and certifications. However, expenses must be new and cannot include alterations to building structures.
All expenditures must be completed and documented by Sept. 12, 2025. To ensure accountability, grantees must upload receipts to the grant’s online management system. Program staff will also conduct regular check-ins with recipients to track progress and compliance.
The Flint & Genesee Small Business Hub Grant Program is part of a broader effort to foster economic development across the region. By investing in local businesses, the program aims to create jobs, support entrepreneurs, and contribute to the area’s long-term prosperity.
More information can be found on the grant program’s website. For assistance with the application process, businesses can contact Terance Green at (810) 600-1407.
