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Jim McBryde | MMDC to Distribute $200K to Small Businesses

Michigan Business Beat
August 6, 2020 4:00 PM

Jim McBrydeWatch Jim McBryde, President and CEO of the Middle Michigan Development Corporation (MMDC), talk with Chris Holman on this portion of the Michigan Business Beat. In the discussion, Jim covers how MMDC was selected by the MEDC to distribute $200K to small businesses and non-profits in four counties in March and April under the prior Michigan Small Business Relief Program. In May and June, MMDC was successful in getting a $48,000 Match on Main grant from MEDC for 22 small businesses in downtown Mt. Pleasant.

During this time, they also distributed another $45,000 to area small businesses based on further support they received from Dow Chemical, the Clare Community Foundation and Chemical Bank. But the largest distribution is the one we are currently working on with $3.5 million allocated to us to distribute to small businesses and non-profits in our area through the Michigan Small Business Restart Program. They are one of fifteen local economic development organizations that were originally selected by the MEDC and then included in Senate Bill 690 to distribute these funds. This $3.5 million is CARES Act money that is being passed through to the MMDC to provide grants for small businesses and non-profits with 50 or less employees and have been impacted by COVID-19.

Watch the full interview with Chris and Jim now!

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Michigan Business Beat, hosted by Chris Holman, discusses economic development, new or unusual entrepreneurial initiatives, and successful business practices from different regions and industries around Michigan with a wide range of entrepreneurs and business leaders.

8:00 AM every Monday through Friday
Replay: 8:00 AM, 2:00 PM, 8:00 PM, 2:00 AM The music for 'Michigan Business Beat' is graciously shared use of Phil Denny's "Traffic Jam" off his 2012 CD 'Crossover'

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