Expanded Payroll Protection Plan Offering Lending for New & Existing Borrowers

On December 29, 2020, Congress passed new COVID-19 relief legislation that, among other things, revitalizes and revises the Paycheck Protection Program. The new legislation reopens the program to first time borrowers, provides greater flexibility for how borrowers may use PPP funds and also adds a mechanism by which businesses that already received a PPP loan…

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Focus On The Future & Unveiling of Community Brand

We held our very first virtual Focus On The Future event the morning of November 12, 2020. It was the biggest attendance we have ever had at our 8th annual fall event bringing in 142 attendees! We thank everyone that was a part of putting on this production and our attendees for taking time out…

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GIS Mapping for Monroe County

The County of Monroe’s Planning and Community Development Department with the support of Monroe County’s Board of Commissioners welcomes you to view the Monroe County Property Data Exchange. You are encouraged to use this new tool specifically designed for and about our county! It has been designed to capture, store, check and display data on properties…

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Welcome Industrial Power Systems!

Industrial Power Systems (IPS) joined our line up of investors! IPS is a 35-year strong regional EPCM leader providing solutions to their clients from concept to completion. Their full range of capabilities allow them to exceed client expectations while embodying Integrity, Performance, and Safety. IPS prides themselves in setting industry leading standards while delivering engineering/design,…

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MI Small Business Restart Grants Awarded

More than 11,300 businesses across Michigan were awarded grants through the Michigan Small Business Restart Program. On September 29, Governor Whitmer published a Press Release which includes details on the awards that have been presented as of  September 10. We are thankful for the financial support that was provided for some of our Monroe County small…

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Shoreline Restoration Product Announced by Mid-American Group

We are happy to share a new program just launched by one of our investors, Mid-American Group. This program is a product that is used to stabilize shores and assist with high water issues that surround our local community and state. Mid-American Group’s “Breakwaters” are a product for shoreline restoration and control. Breakwaters are designed…

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Creating an Environment for Entrepreneurial Success

Monroe County was built on the backs of entrepreneurs. Individuals who decided to take a risk in the hopes of creating something. These somethings have gone on to spur billions in capital investment and create jobs that contribute to the development of our communities. The Monroe County BDC and Promedica Innovations have teamed up to find more somethings. The…

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Update – Small Business Restart Program Reviews

The application process for the Small Business Restart Program (SRBP) has closed and we are now in the review process. Following months of economic disruption caused by the COVID-19 crisis, the federal government made small business support funds available. The Michigan legislature created a small-business restart program with $100 million received from the Federal Coronavirus Relief…

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Governor Whitmer Amends MI Safe Start Order

Governor Whitmer signed Executive Order 2020-160 (Workplace Safeguards) and 2020-161 (MI Safe Start),  amending Michigan’s Safe Start Order and issuing revised workplace safeguards beginning July 31, 2020. Statewide indoor gatherings will be limited to 10 people and bars will be closed for indoor service across the state. To view these latest Executive Orders, please click…

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Introducing the Small Business Restart Program

In an effort to continue to support small businesses, the Small Business Restart Program will provide grants to eligible small businesses and non-profits needing working capital to support payroll expenses, rent, mortgage payments, utility expenses or other similar expenses.  Please read the BDC’s Press Release here. LEARN MORE by attending a BDC Webinar! On Tuesday, July…

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