What Economic Development Funding Covers (and Excludes)

GrantID: 69501

Grant Funding Amount Low: $5,000

Deadline: November 15, 2024

Grant Amount High: $20,000

Grant Application – Apply Here

Summary

If you are located in and working in the area of Black, Indigenous, People of Color, this funding opportunity may be a good fit. For more relevant grant options that support your work and priorities, visit The Grant Portal and use the Search Grant tool to find opportunities.

Grant Overview

Collaborative Networks for Economic Growth in Rural Areas

This initiative aims to establish collaborative networks among Michigan's rural businesses, specifically focusing on agri-food systems. The funding covers partnerships between farmers, growers, aggregators, and distributors in rural communities. This excludes individual business grants aimed solely at enhancing a single enterprise's profitability; rather, it concentrates on creating a community-based economic ecosystem. By facilitating partnerships, stakeholders will share resources, knowledge, and market access, leading to enhanced economic growth.

For example, a collaborative project could involve a network of small-scale vegetable growers and local supermarkets working together to create a unified supply chain. This would enable grocery stores to source local produce more efficiently while providing farmers with stable demand for their products. Practical implementation also includes workshops that help businesses identify common challenges and jointly develop strategies to address issues such as transportation costs and pricing strategies.

Another concrete use case could be a group of dairy farmers forming a cooperative to pool resources for production and marketing efforts. By working together, they can reduce overall operating costs and gain negotiating power when dealing with distributors. The collaborative approach fosters shared benefits, where individual enterprises can gain market access they may not achieve alone.

Applicants suitable for this funding include cooperatives, farmer associations, and local businesses committed to collaborative efforts within the agri-food ecosystem. However, this funding is not intended for businesses unwilling to share resources or those focused exclusively on individual entrepreneurship without a community aspect.

Alignment with state and national economic development priorities will strengthen an application. Projects that promote economic resilience, address food access disparities, or enhance local workforce skills are more likely to receive funding. Additionally, applicants must demonstrate how their proposed collaborations will lead to measurable economic outcomes for their communities, such as job creation and increased local food production.

Eligible Regions

Interests

Eligible Requirements

Grant Portal - What Economic Development Funding Covers (and Excludes) 69501

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