GREATER GRAND RAPIDS CHAMBER FOUNDATION
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  • MEDIA ANNOUNCEMENTS
    • APRIL 22, 2020
    • APRIL 29, 2020
    • MAY 5, 2020
    • MAY 6, 2020
    • MARCH 18, 2021

RAPID RESPONSE FUND

IN LIGHT OF COVID-19

RAPID RESPONSE FUND

OVERVIEW
The COVID-19 crisis poses a severe threat to both our local economy and business community. West Michigan is built on the backbone of entrepreneurship and small business, and the Rapid Response Economic Relief Fund is aimed at delivering short-term financial support to small businesses in need.

WHO IS THE FUND INTENDED FOR?
This fund is focused on supporting small, for-profit businesses with 5-25 full-time employees located in Kent County.

WHAT IS THE PURPOSE OF THE FUND?
This fund helps businesses that cannot access state or federal relief funds in a timely manner or may not be eligible.

WHAT DOES THE FUND PROVIDE?
Businesses that qualify for this fund will receive:
  • A short-term economic relief grant ranging from $5,000 - $10,000
  • Technical assistance
    • Cost cutting measures
    • Reviewing creditor/obligation recommendations (deferments and loan re-aging)
    • Connections to other resources
  • Six-month cashflow projection and analysis with a business consultant

OUTREACH EFFORTS
In order to identify possible recipients, the Greater Grand Rapids Chamber Foundation will expand outreach efforts in collaboration with Entrepreneur Support Organizations including: West Michigan Hispanic Chamber, GRABB, Start-Garden, The Right Place, SpringGR, Ferris Emprende, Local First, and Area Neighborhood Business Associations ensuring that underserved, underrepresented groups are not left behind.

THANK YOU TO OUR DONORS

Amway
CDV5 Foundation
Daniel and Pamella DeVos Foundation
Deloitte
Dick and Betsy DeVos Family Foundation
Doug and Maria DeVos Foundation
Jandernoa Foundation
Kate and Richard Wolters Foundation
Peter C. & Emajean Cook Foundation 
Priority Health
Profile Films
SpartanNash
Deloitte
Wege Foundation
Steelcase Foundation
​Consumers Energy Foundation
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© Copyright 2020
Greater Grand Rapids Chamber Foundation
  • HOME
  • ABOUT
  • THE BRIDGE
  • RAPID RESPONSE FUND
  • FRONTLINE FOOD FUND
  • SMALL BUSINESS SUPPORT FUND
  • MEDIA ANNOUNCEMENTS
    • APRIL 22, 2020
    • APRIL 29, 2020
    • MAY 5, 2020
    • MAY 6, 2020
    • MARCH 18, 2021