ELi’s Chris Root reported back on Aug. 6 that the City of East Lansing would soon be using HUD Community Development Block Grant (CDBG) funds for small business relief, specifically to help businesses with low-income employees.
Today, the City announced the program has launched.
According to the City’s press release, “East Lansing businesses with income-eligible employees can apply to receive up to $10,000 in grant assistance towards lease payments, mortgage payments, utility payments and payroll expenses. Grant funds will be issued in $1,000 to $10,000 increments and will be issued on a reimbursement basis only.”
The City is allocating a total of $167,000 toward grant awards, with a second round of CDBG funding expected to be announced later this fall. East Lansing Community Development & Engagement Manager Amy Schlusler-Schmitt is administering the program.