Emergency Fund for Small Businesses Impacted by COVID-19
Dream Maker Small Business Emergency Relief Fund is possible with a personal gift of $1 million to the Jackson Community Foundation from Consumers Energy President and CEO Patti Poppe and her husband Eric during the COVID-19 pandemic. The fund is established to support small for profit businesses in the couple’s home county of Jackson, Mich., through grants made by The Enterprise Group Community Ventures Corporation. The intent of the Dream Maker grants is not to ensure the long-term solvency of businesses; rather, they are meant to cover short-term (i.e., next 30 days) gaps until these businesses can access state and federal resources.
Dream Maker Fund
Helping Jackson’s small businesses confront Coronavirus (COVID-19) closures
Michigan’s small business community is in a crisis. Through no fault of their own, many companies in Michigan and across the country are suddenly struggling to survive after closing to help us stay safe during the Coronavirus (COVID-19) outbreak.
My husband, Eric, and I want to help.We’ve started the Dream Maker Fund to provide meaningful impact in our hometown of Jackson and across the state. We know many of our small business owners in our community are having their dreams challenged by this health crisis. Therefore, we are directing our Dream Maker efforts to provide immediate help to small businesses located in Jackson County – a mission that aligns perfectly with Consumers Energy’s commitment to Michigan’s prosperity.
We are personally donating $1 million to provide short-term emergency relief that helps small businesses meet immediate needs such as rent, or general operational expenses. Our Dream Maker Fund will work with The Enterprise Group, Jackson county’s economic development agency, to get funds quickly to the companies that need them most.
As a Jackson native, I know what small businesses mean to our community. They form the heart of the local economy and drive our collective success.
We hope this donation inspires others to join this critical effort by donating to the Dream Maker fund too.
Small business owners are not alone in this fight. We’re proud to stand beside them and provide support in the struggle for a prosperous future for our hometown, Jackson.
President and Chief Executive Officer
Photo, left to right: Elizabeth, Patti, Margaret and Eric Poppe
WHO IS THE FUND INTENDED TO HELP?
Small businesses registered in Jackson County that are struggling economically due to the statewide business closure required to keep us safe during the Coronavirus outbreak. We want all small businesses to succeed in the long term, but our goal with this money is to provide help NOW. These funds are intended solely to bridge the gap in the coming weeks to help businesses survive until they can secure additional assistance from the state and federal government.
State and federal governments are working hard to provide critical assistance. Here are links to additional resources:
Along with the Jackson Community Foundation and Enterprise Group, other supporting organizations include Consumers Energy, Lean Rocket Lab, CP Federal Credit Union, Jackson Anchor Initiative, Jackson County Chamber of Commerce and Redwood Marketing.
GIVE TO THE DREAM MAKER FOUNDATION FUND
You can give to the Dream Maker Fund through the Jackson Community Foundation site.
HOW QUICKLY CAN BUSINESSES ACCESS GRANTS?
We are working to respond as quickly as possible and plan to begin distributing funds within a week or so. We plan to consider applications while funds remain available.
WHAT ARE THE CRITERIA TO APPLY?
The complete criteria can be found within the application, but at a minimum; applying businesses should: operate a physical location, be registered in Jackson County and employ 50 or fewer workers.
*Corporate stores will not be considered and basic documents such as most recent tax returns and cash flow may be required to show the business was prospering prior to the Coronavirus closure crisis.
HOW MUCH MONEY WILL BUSINESSES RECEIVE?
Grant sizes will vary depending on individual circumstances and will not exceed $5,000. Our strategy is simple: maximize the money’s impact to help as many small businesses as possible – as quickly as possible.
HOW DO I APPLY?
The first step is completing the pre-qualification form on this website. We’ll consider those high-level details to determine if we can help your business. Apply Here
CAN I DONATE TO THE DREAM MAKER FUND?
Yes! We hope companies and individuals in Jackson and beyond will join the fight to help our small business community.
Click here to donate.