Foundation awards $200Ok to Regional Resiliency Program | Business
TRAVERSE CITY – The Consumers Energy Foundation awarded an additional $ 200,000 to the Regional Resiliency Program, according to a press release from Venture North Funding and Development on Friday.
The regional resilience program was launched in 2020 to “help small businesses with nine or fewer employees gain power through the COVID pandemic”.
The program was launched in May by the Consumers Energy Foundation with $ 200,000 in prize money. The foundation awarded an additional US $ 50,000 award in September, increasing the total so far to US $ 450,000.
The program supports small businesses in Venture North’s 10-county region.
“While we join others with cautious optimism about a COVID-19 recovery, we know companies are still grappling with the worst pandemic in more than a century,” said Brandon Hofmeister, president of the Consumers Energy Foundation, in the Press release. “The EIA enables us to invest locally in high-performing ways with communities, business owners and employees to work together towards recovery.”
“The Consumers Energy Foundation is doing what it did in 2020 when it first approved $ 200,000 to create the regional resilience program that uses philanthropic donations from foundations of all sizes to individuals looking for opportunities Helping small businesses survive in their hometown will be implemented quickly Laura Galbraith, president of Venture North, added in the press release.
Small businesses will soon be able to apply for grants of up to $ 5,000, Galbraith said in the press release. The first round of scholarships for 2021 is planned for April.
Venture North made more than $ 500,000 in Regional Resiliency Program grants to more than 200 small businesses last year. Galbraith said contributions from the Consumers Energy Foundation, the Manistee Industrial Development Corporation, and other regional organizations will enable the program to continue.
More information about the program can be found at www.venturenorthfunding.com.