Grants and Loans

For information on other available grants visit our COVID Grants Page

 Industry 4.0 Technology Implementation Grant

​MEDC’s Industry 4.0 grant program will provide 50% reimbursement for qualifying I4.0 technology costs up to $25,000.

Learn More About the Grants

 ​Hispanic Heritage Month: Grant Funding for Latino and Hispanic Small Businesses

Latino and Hispanic entrepreneurs are starting small businesses at a faster rate than other groups, accounting for 44% of growth rate in the past decade. However, disparities in access to capital remain, particularly how Latino-owned businesses have been able to raise capital during the pandemic. This is why access to grant funding is critical to help them start, maintain, and grow their businesses. We have compiled a list of grant opportunities available to Latino and Hispanic businesses in celebration of National Hispanic Heritage Month, which spans from September 15 to October 15.

Learn More About the Grants

 Verizon Small Business Digital Ready 10k Grant

​$10,000 grant opportunities now available

To be eligible to apply, users must complete any combination of 2 courses, coaching events and community events between 7/1/22 and 11/14/22, and apply by 11/14/22. Engagements through Personalized Mentoring feature are not included towards grant eligibility.

Digital Ready is our online curriculum designed to give small businesses like yours the personalized tools to succeed in today's digital world. Learning modules, expert coaching, peer networking, access grant opportunities throughout the year and more—it's all here, and it’s all part of our goal to provide resources to help one million small businesses thrive in the digital economy.

  Verizon Small Business Digital Ready 10k Grant

  SSBCI 2.0 Funding Available for Small Businesses, High-Tech Startups

​Michigan is deploying the first round of State Small Business Credit Initiative (SSBCI) 2.0 funding from the U.S. Department of Treasury. Through this initial round of funding, up to $72 million will be available to support loans to small businesses through the MEDC loan enhancement programs, and equity investments for early-stage, technology-based businesses in Michigan as part of the Small Business Venture Capital Program. Within the next 60 days, funding will also be available for loans of $250,000 or less for small businesses, with a focus on businesses owned by socially and economically disadvantaged individuals, or businesses with fewer than 10 employees. Loans and equity investments under SSBCI 2.0 will be issued through lenders, not through the MEDC directly.

  SSBCI 2.0 Funding Available for Small Businesses, High-Tech Startups

 Michigan Defense Center's "CyberSmart" DoD Cybersecurity Compliance Grant Program

Michigan is deploying the first round of State Small Business Credit Initiative (SSBCI) 2.0 funding from the U.S. Department of Treasury. Through this initial round of funding, up to $72 million will be available to support loans to small businesses through the MEDC's SSBCI 2.0 Access to Capital programs, including the Collateral Support, Loan Participation, Loan Guarantee, and Capital Access programs, and equity investments for early-stage, technology-based businesses in Michigan as part of the Small Business Venture Capital Program.

New SSBCI 2.0 funding opportunities will be available within the next 60 days for small businesses owned by socially and economically disadvantaged individuals (SEDI and to businesses having 10 or fewer employees, seeking loans of $250,000 or less. Loans and equity investments under SSBCI 2.0 will be issued through lenders, not through the MEDC directly. MEDC is currently in the process of identifying lenders to support these businesses. Interested lenders should contact MEDC’s Access to Capital at businessloans@michigan.org for more information.

Interested venture funds should visit michiganbusiness.org/sbvcp/ for more information or may direct any questions to SBVCP@Michigan.org. Applications will be accepted by the MEDC during a three-year open period or until the budget is exhausted. Recommendations for awards will be submitted to the MSF Board for approval.

To learn more about how MEDC works to increase the availability of capital for Michigan companies at every stage of development, visit michiganbusiness.org/access-capital.


Michigan Defense Center's "CyberSmart" DoD Cybersecurity Compliance Grant Program

 Restaurant Disaster Relief Fund

Disasters are unpredictable — but critical support shouldn't be. The average small business loses $3,000 every day they remain closed due to a natural disaster. To help restaurants recover in times of critical need, DoorDash has partnered with Hello Alice to create the Restaurant Disaster Relief Fund. The fund supports restaurants impacted by natural disasters like fires, floods and hurricanes, and provides relief through $10,000 grants.

Eligibility requirements:

  • Must be experiencing hardship due to a state or federally declared natural disaster
  • Must be independently owned
  • Must have a brick and mortar location, with 3 stores or fewer currently operating
  • Must have revenues of $3M or less per location in the last 12 months
  • Must employ 50 people or fewer per store
Restaurant Disaster Relief Fund

 Michigan's Child Care Stabilization Grant

Child care providers are heroes. We are grateful for the work you do for our children and communities. This fall, the Legislature passed, and Governor Whitmer signed a budget that includes over $700 million in grant funding to support child care providers like you.

These funds are available to help keep your doors open and focus on what matters most-supporting kids and families.

This website provides all the information you need to apply for the Child Care Stabilization Grant, track your expenses, and make investments in your program and facility.

Translated versions of downloadable materials on this page are available in Arabic, Burmese, Chinese, Kinyarwanda, and Spanish. Contact us to request translated materials.

Michigan's Child Care Stabilization Grant

 Michigan Economic Development Corporation Grants and Loans

​Provided below is a link to The Michigan Economic Development Corporation's (MEDC) collection of grants, loans and other resources for Michigan businesses. If you have any questions or wish to speak to MEDC directly, please call 888-522-0103.

Michigan Economic Development Corporation Grants and Loans


 U.S. Small Business Administration COVID-19 Relief

​Provided below is a list of COVID-19 relief options offered by the U.S. Small Business Administration (SBA).

MI Occupational Safety & Health Administration

Michigan small businesses with 250 employees or less can now apply for a Michigan Occupational Safety and Health Administration (MIOSHA) matching grant up to $5,000 to make improvements to their workplace safety and health.

MIOSHA Grant Program

COVID-19 EIDL

This loan provides economic relief to small businesses and non-profit organizations currently experiencing a temporary loss of revenue. 
Notice: COVID EIDL is no longer accepting new applications but will continue to accept requests for increases, reconsideration, and appeals.

COVID-19 EIDL

Restaurant Revitalization Fund

This program provides assistance for eligible restaurants, bars, and other food service businesses impacted by COVID-19.

Restaurant Revitalization Fund

SBA debt relief

SBA provides a financial reprieve to existing borrowers during the pandemic.

SBA debt relief

Cross-program eligibility

A summary of the criteria to meet when considering different funding options.

Cross-program eligibility

 Michigan Entrepreneur Resilience Fund Loans

​With the generous support of MEDC, NEI, Michigan-based foundations, corporate partners, individual donors, and in collaboration with the SBA, the Michigan Entrepreneur Resilience Fund has secured funds to provide recovery loans to diverse entrepreneurs and small businesses from underrepresented groups in Michigan. This fund is intended to assist geographically and demographically disadvantaged individuals.

The Michigan Entrepreneur Resilience Fund is currently providing:
  • Microloans: $5,000 – $10,000 loans with a 1-3 year repayment period. Loans are fixed rate (8%), fully amortizing, term loans.
  • Loan Forgiveness: Microloans that meet SBA eligibility requirements will receive loan payment forgiveness for the first six months of the loan’s term. 

 COVID-19 Support Map

​To learn more about past grants offered by Oakland County and to see their impact on the community, view the COVID-19 Support Map.

COVID-19 Support Map