MSOC Grants and Loans

Established in 2000, MSOC is the nation's first and only county-wide Main Street coordinating program. 


​Main Street Oakland County Grants

Two grants are available to the Main Street Oakland County communities:

Other Grants

Here is a list of local, state and federal business grants:

AARP Foundation -- Grantmaking at the Foundation supports sustainable, real-world solutions to the fundamental challenges facing low-income older adults. They collaborate with grantee and partner organizations to identify evidence-based projects that transform lives and communities — projects that we know can be expanded nationwide. Through grants, the Foundation enables grantees to help more people, work more efficiently, bring proven new approaches to scale, and make resources go further.

Consumers Energy Foundation  -- The Prosperity Awards will provide as much as $250,000 to two or more nonprofits aiming to support economic development and improve the welfare of whole communities in Michigan, with a particular focus on funding projects with long-term benefits. The letter of intent is the first step in a two-step application process that will result in the award of up to $250,000 in funding per recipient ($500,000 total).
This year, we are accepting letters of intent in support of our Neighborhood Revitalization and Arts & Culture priorities:
  •  Neighborhood Revitalization: We believe that all Michigan residents deserve a safe, affordable community in which to live and work. That’s why the Consumers Energy Foundation supports nonprofits and municipalities that champion programs aiming to transform communities into attractive neighborhoods, revitalize commercial corridors, encourage downtown development, reduce blight, and create safe and affordable housing.

  • Arts & Culture: We imagine a Michigan where every community is not only livable, but lovable, complete with attractive public assets and attractions that enrich the lives of residents and visitors alike. Arts and culture are integral to the vitality of the communities we serve, providing job and educational opportunities, attracting visitors, and creating vibrant communities in Michigan.

The Prosperity Awards are the second of three $500,000 grant rounds in 2022, totaling $1.5 million. The winners of the 2022 Planet Awards were announced on April 25, 2022, and additional requests for proposals will be announced later in the year for the 2022 People Awards.


Applicants can also access the letter of intent here. Please note that the deadline for submitting a letter of intent for the 2022 Prosperity Awards is 5:00 PM on May 20, 2022.2022 PROSPERITY AWARDS Info Sheet

CONTACT: Lauren Royston, Community Affairs Manager—Oakland County, Consumers Energy:
Cell: 248.308.8753
Lauren.Royston@cmsenergy.com

Facebook -- They are offering $100M in cash grants and ad credits through their Small Business Grants Program. Applications become available April 22, 2022. Learn more. They also set up a Business Resource Hub.

The Go Fund Me Relief Initiative -- This initiative supports our local businesses facing financial loss. Make a difference today by donating or starting a fundraiser. Learn more.

Honeycomb Credit Relief Loan -- This loan provides a $10,000 - $50,000 crowdfunded low interest loan option for brick and mortar businesses. Learn more. They also have a crowdfunded gift card subscription product. Learn more. 

ioby -- They have launched a new match grant opportunity: National COVID-19 Community Response and Recovery Match Fund. When you crowdfund for a project that responds to COVID-19 in your community, they will waive their fiscal sponsorship and platform fee, and double your donations dollar-for-dollar up to $8,000. Learn more.

Main Street T Mobile Hometown Grant – Main Street American Grants -- Main Street America andSmart Growth America have partnered with T-Mobile to help build stronger, more prosperous small towns and rural communities. With T-Mobile's Hometown Grant program, they are investing big in small towns by awarding up to 100 towns a year with project funding—up to $50,000 each. T-Mobile is focusing on revitalizing community spaces in towns with 50,000 people or less, and Main Street programs are encouraged to apply. Submit a proposal for a town project of your choice, and if selected, use the funds to get started. For example, you could implement tech upgrades at your library, refresh a local park, or break ground on a new place where neighbors can connect.

MainVest -- This crowdfunding platform announced its new Main Street Initiative: a $2,000, zero-interest, 120 day loan for restaurants or other brick and mortars affected by the shutdown. Learn more.

Opportunity Fund -- This fund specializes in money lending to small businesses owned by women, immigrants and people of color.  They are collaborating with investors and nonprofits to put together a coronavirus relief fund that will provide grants and low-interest rate loans. Learn more.

Pure Michigan Trail, Water Trail and Trail Town --  Applications are due Jan. 15, 2023.  
 Each year, Pure Michigan and the Department of Natural Resources spotlight some of the state’s best trails, over both land and water, and trail destinations through the Pure Michigan Trail, Water Trail and Trail Town Designation Program.  The program is  designed to help boost Michigan’s position as the Trails State and provides recognition to locations that represent some of Michigan’s best trail experiences. Learn more.


Red Backpack Fund -- This Fund is a partnership between the Sara Blakely Foundation and GlobalGiving and will make at least 1,000 grants of $5,000 each to female entrepreneurs in the U.S. to help alleviate the impact of the crisis. The application portal will next open from July 6-13, 2022. Learn more.

Revitalization and Placemaking (RAP) Program -- The RAP Program is an incentive program that will deploy $100 million in American Rescue Plan funding to address the COVID-19 impacts in Michigan communities.
Learn More.

State Farm – Community Development – Small Business Development Grants  -- Good Neighbor Citizenship® company grants are dedicated to helping build safer, stronger and better educated communities across the U.S.  They focus on safety, community development, economic empowerment and education.
 

Loans

 
The Oakland County Business Finance Corporation (BFC)
Range: $250,000 to $13 million

Revolving Loan Fund
Range: $50,000 to $200,00

CEED Lending Micro Loans
Range: Up to $50,000

The Oakland County Economic Development Corporation (EDC)
Range: $2 million to $10 million

*The Genisys Grant is geared for businesses not more than five years old or preparing to open