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Target Alpena gets $3.5M to help small businesses

Target Alpena, the city’s economic development firm, has received another $3.5 million from the Michigan Economic Development Corp.’s Small Business Restart Program to help small businesses impacted by coronavirus.

Target Alpena was among 15 economic development organizations selected to distribute funding to small businesses in the state’s 83 counties. Target Alpena will disburse grants of up to $20,000 to businesses in Alpena, Alcona, Presque Isle, Cheboygan, and Iosco counties. The Otsego County Economic Alliance, which also received $3.5 million, will help businesses in Montmorency County.

Small businesses that need working capital and can demonstrate how they have been impacted financially can apply for the grants starting July 15 at michiganbusiness.org/restart. Businesses that have already received grants through the Michigan Strategic Fund’s Michigan Small Business Relief Program are ineligible.

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