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# Michigan Economic Development Corporation Announces Grant Recipients for Small Business Support Hub Program

The Michigan Economic Development Corporation (MEDC) made an announcement regarding the grant recipients for its Small Business Support Hub (SBSH) program on Thursday. Out of the recipients, one local organization, Lake Superior Community Partnership, stood out by receiving over $3 million in grants. This significant amount of funding is expected to make a substantial impact on small businesses in the region.

## Lake Superior Community Partnership Receives $3.4 Million for Small Business Support

Lake Superior Community Partnership (LSCP) was awarded a total of $3.4 million, with $400,000 earmarked for direct grants to small businesses in 2024. The funds are intended to establish the Central Upper Peninsula Small Business Support Hub, which will extend support to businesses in Marquette County and six additional counties (Alger, Baraga, Delta, Dickinson, Menominee, and Schoolcraft). The program aims to provide localized assistance by placing staff in the communities to meet the businesses’ specific needs.

## How AI legalese decoder Can Help

The AI legalese decoder can be invaluable in this situation by streamlining the process of reviewing and comprehending legal documents, contracts, and other materials related to the grant. It can quickly analyze and extract essential information, allowing the recipients to fully understand the terms and conditions, as well as their responsibilities. This can help in ensuring that the grant funds are allocated and utilized effectively according to the program’s guidelines.

## Expanded Services and Initiatives through SBSH

The SBSH is expected to enhance the existing support for small businesses and entrepreneurship in Marquette County and beyond. It will provide one-on-one support, access to technical assistance, networking opportunities, and educational resources. One notable initiative is the creation of the Northern Michigan University Main Street Academy, which will connect teams of students with small businesses to address various challenges and issues.

## Collaborative Oversight and Gratitude

The SBSH will be housed at LSCP and overseen by an advisory council comprised of strategic partners, including LSCP, Accelerate UP, Innovate Marquette SmartZone, Northern Michigan University, Small Business Development Center Upper Peninsula, Keweenaw Bay Indian Community, and Sault Tribe Inc. The collaborative effort has been acknowledged by LSCP CEO Christopher Germain, expressing gratitude to the partners and highlighting the potential benefits for the region’s small businesses.

## State Senator’s Support for Economic Development

State Sen. Ed McBroom, R-Waucedah Township, also voiced his support for the initiative, emphasizing the importance of fostering opportunities for work and sustaining the foundation of the U.P. economy through support to small businesses. This sentiment aligns with the MEDC’s commitment to nurturing and preserving opportunities for future generations in the region.

## For More Information

For more information about the Small Business Support Hub program and the initiatives led by Lake Superior Community Partnership, visit LSCP’s website at marquette.org.

By utilizing the AI legalese decoder, the recipients and stakeholders involved in the Small Business Support Hub program can ensure a comprehensive understanding of the legal documentation related to the grant. This can contribute to the effective management and utilization of the funds, ultimately maximizing the positive impact on small businesses and the regional economy.

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