The negative economic circumstance dominates newscasts these days, but we rarely hear about the financial aid available. President Obama signed the American Recovery and Reinvestment Act (ARRA) on February 17th thereby generating thousands of dollars for business owners seeking aid in the tough economy. The ARRA is designed to stimulate many different industries around the country, with unique investments here in Michigan. In efforts to accelerate the economic recovery, Governor Jennifer Granholm’s administration has created a website filled with helpful hints on obtaining grants and tax aid for state businesses. Granholm and her staff should be commended on the launch of this site, for Michigan is one of only 17 in the nation to offer ARRA information with such ease. Sites assisting the search for recovery financing:

www.Grants.com
www.Recovery.gov
www.Michigan.gov/recovery

Governor Granholm can be seen here, outlining the state’s use of ARRA funds.

Work is being done to fuel the local economy as well. Ann Arbor SPARK is focused on continuously supporting regional businesses and entrepreneurs throughout these tough economic times offering programs, resources, and proactive backing. Many businesses have heard about and benefited from SPARK’s commitment to Ann Arbor innovation.

Hopefully your business has stood up to the downward sloping economy, but if you’re having trouble, make sure you apply for grants and financial assistance soon. Many grants have a “90 Day Window” for applications. The economy can’t wait, and neither should you.

And now back to your regularly scheduled programming….

Case Ernsting