Grand Rapids Chamber issued the following announcement on May 6.
The Greater Grand Rapids Chamber Foundation today announced a $200,000 contribution from the Consumers Energy Foundation to its Rapid Response Economic Relief Fund. The initiative, which has authorized 48 grants totaling $455,000 thus far, works to provide short-term, emergency financial relief to small businesses in Kent County impacted by widespread closures brought on by the COVID-19 outbreak.
The fund continues to act as a financial bridge to small, for-profit businesses awaiting assistance from government-sponsored programs and to organizations that cannot access local, state or federal relief funds. To date, out of the 48 grants authorized, organizations receiving support are 92 percent minority-owned and 37.5 percent women-owned.
The Greater Grand Rapids Chamber Foundation is just one of the organizations that are being supported by the Consumers Energy Foundation. In total, the Consumers Energy Foundation is donating $1.8 million to nine organizations to provide a lifeline to small businesses across Michigan – focusing in particular on helping female- and minority-owned businesses. In all, the Foundation has given over $3 million to meet the needs of Michigan residents affected by the COVID-19 pandemic.
Original source can be found here.
Source: Grand Rapids Chamber
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