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Bay Future | Bay Future Focus: June 2022

08.21.19 -- BayFutureDriveForward.

President & CEO’s Message

After 21 days and 225 applications, the Bay County Small Business Grant Program is well on its way to awarding $1,000,000 in grant awards to eligible and COVID impacted small businesses in Bay County, MI, USA! True to our announcement at our Annual Report Meeting in April, the Bay County Small Business Grant Program went LIVE beginning May 10, 2022, at 12:00 PM and recently closed on May 31, 2022, at 5:00 PM.
 
We are grateful to the Bay County Board of Commissioners who made this program possible by proactively allocating funding to small businesses and to the Bay County Small Business Grant Program Review Committee which is actively reviewing those applications. We thank you and are thankful to members of our Board of Directors who have stepped up to support our team throughout this process.
 
Many of our partners, who work with businesses and in communities statewide, have commended us and our community for utilizing American Rescue Plan Act funding to support small businesses in this way. We have also been asked to consult and assist other communities in implementing similar programs. For this, I am proud and honored to be a resident of our community.
 
Combined, with the City of Bay City’s small business grant program, our community has pledged over $1.3 Million total to disproportionately impacted small businesses!
 
We received applications from all corners of the county and from all types of impacted businesses. Our team will continue to work and advocate to do what is necessary to support the diversity of businesses in Bay County that make our community a great place to live, work, worship, and play. We look forward to sharing the awarded businesses with you in the next few weeks.
 
Thank you for your support!
 
Keyes 2022
 
 
Happy reading,
 
-Trevor Keyes, EDFP
President & CEO
Bay Future, Inc.
 
 
 
Featured Content
 
Small business grants help Bay City entrepreneurs build a better community
As the COVID-19 cases rise and fall, one thing remains constant. The pandemic has wreaked havoc for small businesses.
 
The bright spot, though, is how communities have risen to help business owners weather the storm.
 
Jessica Hill, who owns Omoni Boutique in Uptown Bay City, says programs that help businesses such as hers overcome difficulties related to supply chain disruptions, worker shortages, decreased customer traffic, and other pandemic-related issues have been invaluable for her company. Continue reading here
 
 
O’s Pub & Grill Brings Second Location to Bay City Riverfront!
O's Pub & Grill
 
“We’ve decided to venture to another spot in Bay City. We purchased the former Hooters Building in Bay City and we will be opening that into another little bit different concept but O’s on the water. As we begin to develop the location I’ve been in contact with Bay Future weekly in how they can support us and how they can help us develop that site. We’re looking forward to being a huge part of growing that community,” said Marc Owczarzak Owner of O’s Pub & Grill
 
 
The Great Lakes Bay Region 5 Partnership and the Great Lakes Bay Regional Alliance have come together to Launch a Regional Business Attraction Initiative
 
Collaboration is not foreign to the Economic Development Organizations in Region 5, and neither is business attraction, but in response to the COVID pandemic, these economic development organizations have thought it necessary to partner together to develop and employ a plan to attract new businesses to Region 5 in Michigan which includes the eight counties of Arenac, Bay, Clare, Gladwin, Gratiot, Isabella, Midland and Saginaw.
 
The initiative, launched by seven regional economic development organizations who represent more than a half million people in the middle eastern portion of Michigan, bordering Lake Huron, has branded the geographic area as Great Lakes Bay. Michigan. Centered. Read Press Release
 
 
 
Featured Event
 
Breaking the Million Dollar Barrier
 
Fewer than 10% of the 31 million small businesses in the United States have successfully made the transition to the “second stage”, which is loosely defined as businesses earning at least $1MM in annual revenues and employing at least 10 people.
 
This seminar will outline the most important steps to:
 
  • Breaking the Million Dollar Barrier
  • Creating an ongoing growth culture and mindset
  • Obtaining related resources offered by the Michigan SBDC at no-cost
 
 
 
Investor Spotlight
 
Meet Magen Samyn
Bay Future, Inc. Meet Magen Samyn
 
“Bay County has truly been growing and there have been so many projects, whether they have been large projects or small projects, they all add value to our community… It’s a really exciting time to know that we are moving forward.”
 
Thank you Magen Samyn for your support of Bay Future and for serving as our 2022 Chairperson of the Board of Directors. We’re looking forward to continuing to work with you as you join the Bay Area Chamber of Commerce as the new President & CEO!
 
 
 
 
Featured Program
 
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.
 
Eligibility Guidelines
  1. Companies must be a manufacturer, as defined by NAICS code.
  2. Companies must be classified as a small business by the Small Business Administration.
  3. Companies must complete an I4.0 technology assess

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Lansing, MI 48906

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