20Fathoms is pleased to announce a new funding opportunity for startups and small businesses in Northwest Michigan. In partnership with Venture North, 20Fathoms is providing a total of $45,000 in small business grants this fall.
How to apply for the grants:
Eligibility:
- Business is headquartered in one of the following Northwest Michigan counties: Antrim, Benzie, Charlevoix, Emmet, Grand Traverse, Kalkaska, Leelanau, Manistee, Missaukee, or Wexford.
- Individuals who are traditionally underrepresented in business ownership are especially encouraged to apply. This includes women, BIPOC, Native Americans, 2SLGBTQIA+ individuals, veterans, and individuals with disabilities.
Application instructions:
- Visit 20Fathoms.org/start
- Complete the Startup & Small Business Assistance form and check the box for “Small Business Support Grant”
- Soon after completing the inquiry form, you will receive a Self-Assessment Form with additional instructions which must be completed and returned within three days
- Qualified applicants will be invited to meet with members of our team so that we can learn more about your business
Deadline to apply:
- October 6, 2024
Designed for innovative startups and small businesses, these grants are highly competitive and will be awarded to 8-12 small businesses for an average of $4500/each. Additional rounds of small business grants will be awarded in 2025.
Funding made possible through a partnership with five regional organizations
This grant funding has been made possible through a new partnership between 20Fathoms, Michigan SBDC, Northern Lakes Economic Alliance, Traverse Connect, and Venture North.
“We know that it’s tough to start and run a business, especially in our rural part of the state,” said David Kronberg, Director of the Regional Small Business Support Hub at 20Fathoms. “We’ve formed this regional collaboration to bring support and unique resources directly to entrepreneurs and small business owners in Northwest Lower Michigan.”
In addition to the small business grants, entrepreneurs also have access to business consultations and coaching, educational programming, and support from professional service providers. These services are no-cost thanks to support from the Michigan Economic Development Corporation.
“If you’re an entrepreneur and you’re wondering where to turn for support, we’re here to help,” said David. “Reach out to 20Fathoms. We’ll have a one-on-one consultation to learn about your unique business needs and then connect you with the resources and people who can help you meet your business goals.”
This project is being supported, in whole or in part, by federal award number [SLFRP0127] awarded to 20Fathoms by the U.S. Department of the Treasury.