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The Michigan Strategic Fund (MSF) Board Thursday signed off on $58.5 million in aid for concert venues, entertainment venues and other businesses dealing with COVID-19 restrictions with the money approved by the Legislature in the recent supplemental.
One program, the Michigan Small Business Survival Grant Program, will send $55 million to local economic development organizations (EDOs) across the state that will then dole out $15,000 or $20,000 grants to businesses “that have realized a significant financial hardship” because of state orders curbing gatherings and requiring face masks.
The other program, dubbed the Stages Survival Grant Program, allocates $3.5 million for grants of no more than $40,000 each for live music and entertainment venues negatively impacted by COVID-19, according to the Michigan Economic Development Corp. (MEDC)
These programs will not be a first-come, first-served basis, said Mark Burton, CEO of the MEDC. When the MEDC did that for a program in December, there were 7,997 applications successfully submitted with more than 14,000 people still waiting in line after the application window closed after 12 hours.
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