More Small Business Relief Now Available in East Lansing
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.
Find the application and program guidelines here, and click here to read Chris’s report about rental and mortgage assistance now available to residents who are at risk of losing their homes.