A look back on this week’s economic development headlines, announcements, and other share-worthy news from the Ann Arbor region.
- A Washtenaw County COVID-19 Business Impact Survey is underway via EntryPoint.
- SPARK launched the Business Recovery Resource Center, powered by InfoReady Corporation.
- SPARK administered two small business support funds, including the Washtenaw Small Business Emergency Relief Fund and the Michigan Small Business Support Program. Collectively, those funds supported more than 500 small businesses in Washtenaw and Livingston counties, with cumulative support of $1.6 million. A map of the Washtenaw funds is here.
- This week the MEDC released statewide information on its program, which supported 2,700 businesses through Michigan. SPARK served as the fiduciary for our six-county partnership, distributing $900,000 to nearly 200 businesses across our region. Based on the info the MEDC put out, SPARK’s work supported the largest number of employees in the state.
- Givitas launched a platform where small companies can ask for help. Businesses of all sizes and individuals interested in helping can register and respond to requests.
- The Michigan Angel Community released its 2019 Annual Report this week. Some of the data:
- There were 1,322 angels who invested in Michigan companies in 2019, investing $73.6 million in Michigan companies.
- A total of 106 companies received angel funding
- 23 were women-owned and 24 were minority-owned.
- SPARK published a list of microloans available in the Ann Arbor region.
- Ann Arbor-based Workit Health was profiled on NPR for the work they’re doing through telemedicine during a time of social distancing.