Kalamazoo Downtown Partnership accepting applications for MEDC Match on Main Grant Program
FOR IMMEDIATE RELEASE
Thursday, May 21, 2020
Contact: Meghan Behymer | Communications + Marketing Manager
email@example.com | 269-344-0795
The Kalamazoo Downtown Partnership is pleased to share that the Michigan Economic Development Corporation (MEDC) has announced the Match on Main – COVID-19 Response Program, which provides the Kalamazoo Downtown Partnership the opportunity to apply for up to $50,000 in grant funds to assist small businesses in Downtown Kalamazoo. In order to apply, the Kalamazoo Downtown Partnership needs to first identify the small businesses who will receive grant funds as part of this program by next week.
Match on Main COVID-19 Response Program
The Match on Main COVID-19 Response Program temporarily expands the MEDC’s Match on Main Program and will provide up to $50,000 to local downtown management organizations to administer to eligible small businesses located in traditional downtowns, neighborhood and commercial districts, or areas planned and zoned for concentrated commercial development. This program serves as a tool for local units of government, downtown development authorities, or other downtown management organizations, like the Kalamazoo Downtown Partnership, that desire to support place-based businesses located in their traditional commercial districts by providing grant funding to eligible businesses in response to the COVID-19 crisis.
Program Details + Eligibility Criteria
The Kalamazoo Downtown Partnership is eligible to apply for up to a total of $50,000 on behalf of the businesses we represent. Downtown Kalamazoo businesses that meet the following criteria can submit an application to the Kalamazoo Downtown Partnership to be a recipient of these grant funds. Up to 25 different businesses will be selected to receive $2,000 each in grant funding.
Eligible Businesses (per MEDC requirements):
- The business was affected by the COVID-19 outbreak
- The business is for-profit and headquartered in Michigan
- The business has 25 employees or less
- The business sells products or services face to face within a traditional downtown, neighborhood or commercial district, or area planned and zoned for concentrated development
- The business has not already received or been approved to receive MSF Small Business Relief Program funding or an MEDC Match on Main grant within the last 24 months
- Low-to-Moderate Income Owner *MEDC Preference, not required
Ineligible Businesses (per MEDC requirements):
- Businesses located in strip malls
- “Big Box” retailers
- Marijuana related businesses
- Businesses who have been approved to receive support from the Michigan Strategic Fund’s Small Business Relief Program or an MEDC Match on Main Grant within the last 24 months
If you have questions about the program or your business eligibility, please email us at firstname.lastname@example.org or call 269.344.0795.
Eligible Uses of Grant Funds
Grant funds may be used by the business for working capital to support payroll expenses, rent, mortgage payments, utility expenses, COVID-19 relief or recovery expenses or other ordinary business expenses.
- Interested businesses shall first download the Local Business Worksheet to their computer or laptop, complete and save the application. Businesses must then submit applications to the Kalamazoo Downtown Partnership via email at email@example.com, no later than Monday, May 25 at 5:00 p.m. Due to the tight application deadline, worksheets received after that time will not be considered.
- Businesses will be selected by a review committee comprised of the public, private and nonprofit sectors, including representatives from local economic development organizations, business support organizations, the City, and downtown businesses ineligible to apply. The committee will evaluate the worksheets using a scoring matrix provided by MEDC to determine which businesses will be included in the overall application. Businesses who meet eligibility requirements, demonstrate the greatest financial, and have not already received financial assistance will be given priority, but all eligible businesses are encouraged to apply. Please note: submitting a business application does not guarantee inclusion in the grant application.
- The Kalamazoo Downtown Partnership will notify all businesses selected as part of the grant application by Friday, May 29, 2020 and submit the grant application for consideration by the MEDC. The MEDC will announce awardees by Wednesday, June 10, 2020.
Learn more about the program here: https://www.miplace.org/match-on-main.
This is a valuable opportunity to apply for financial assistance for downtown businesses, so act quickly. Feel free to contact the Kalamazoo Downtown Partnership staff at firstname.lastname@example.org with any questions.
About Kalamazoo Downtown Partnership
Kalamazoo Downtown Partnership is a private, non-profit organization that works with both the public and private sectors in preserving and enhancing the economic health of Kalamazoo’s downtown area and, in turn, the Kalamazoo community. In conjunction with its affiliate organizations, it manages a full range of activities that include capital improvement projects, business development and recruitment programs, image marketing and event planning in order to establish Downtown Kalamazoo as an accessible, diverse, green, progressive and vibrant urban center. For more information, visit downtownkalamazoo.org, and follow us on Facebook, Twitter and Instagram.Match on Main Program Local business worksheet