FLINT, MI — The General Motors and the Flint & Genesee Financial Alliance has announced the next spherical of its ‘Moving Flint Forward’ Grant Application designed to support neighborhood companies mature and prosper.
Many thanks to an elevated economical motivation of $270,000 from GM, the Going Flint Ahead Small Company Grant Program will award 17 grants of up to $10,000 to qualified Flint corporations that are new to the plan.
This 12 months, six Going Flint Ahead alumni are suitable to obtain up to $5,000 just about every to take the up coming phase in their business’s advancement.
The grants — awarded on a aggressive foundation — will have to be utilised to progress the businesses’ operations, these as expansion assignments, producing repairs or leasehold improvements, purchasing stock and equipment, or façade improvements.
Grant funds cannot be used for payroll, hire, staffing, house loan payments, or debt assistance on any federal, condition, or neighborhood taxes owed. Additionally, to help address racial disparities inside of the community, a bulk of the grants will be awarded to assorted-owned corporations.
“Since 2019, Shifting Flint Forward has unlocked option for 45 Flint-dependent small corporations,” Terry Rhadigan, Vice President of Corporate Supplying at GM, claimed in the information launch. “Together with the Flint & Genesee Financial Alliance, we invite entrepreneurs to be part of the ranks of remarkable small business owners who are producing development in this great city.”
This grant provides GM’s total assist of the method to $890,000. Given that 2019, 45 companies have participated in the Going Flint Forward application, which also connects grantees to sources that will assistance bolster the potential of their firms over and above the grant time period.
Grantees are essential to participate in cohort conferences, where by they have entry to networking opportunities and workshops on various matters related to operating a business enterprise.
“For our company local community to prosper, obtain to money is vital,” said Tyler Rossmaessler, government director of the Financial Alliance, a division of the Flint & Genesee Group. “So are supports like specialized assistance, networking possibilities, and trainings. With GM’s continued and improved financial investment in Moving Flint Forward, we’re better equipped to aid our small businesses do well, which strengthens our neighborhoods and financial system in the method.”
This round of the grant system is open to everyone who owns and operates a modest company in just the metropolis of Flint. Compact corporations for this system are defined as getting 20 or much less staff members and may perhaps not be a franchise procedure.
The grant software deadline is at 5 p.m. Wednesday, March 22. Apps may perhaps be submitted online, mailed, or hand-sent to the Flint & Genesee Economic Alliance, 519 S. Saginaw St., Flint, 48502.
Mailed purposes must be postmarked by 5 p.m. March 22.
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