CEO Update
To our Investors and Partners,
It is hard to believe, but our community has now been navigating this pandemic for over five months. During this relatively short period of time many of our companies had to make dramatic changes that would normally occur over a period of years, not months. New product lines and supply chains have been created, virtual meetings have replaced a vast majority of business travel, and companies have shut down and restarted their operations over the course of this pandemic. We have faced countless other obstacles and the learning curves have been steep, but West Michigan persistently rises to meet these challenges. The teamat The Right Place continues to bewith you every step of theway as we restart our economy and move forward together. New resources continue to become available to assist businesses during these tumultuous times. In fact, it was recently announced that the Michigan Economic Development Corporation received additional CARES Act funding for the Small Business Restart Program in the amount of $100 million. The Right Place is responsible for distributing $9,545,455 of these funds toWest Michigan businesses. Independent review committees have been assembled throughout our region to review grant applications. These individuals represent economic development partners, municipalities, counties, Downtown Development Authorities, chambers of commerce, local banks, finance professionals, and community foundations. Once again, the collaborative spirit of West Michigan shines. These grants will provide up to $20,000 in funding to eligible small businesses that have been negatively impacted by COVID-19. Additionally, 30% of these funds have been designated for minority, women, or veteran-owned businesses. Applications are currently being accepted via MEDC’s website and we encourage your company to apply if you qualify. Alternately, if you do not qualify, we encourage you to share this information with the small business owners in your network. We will continue to keep you informed of any resources and opportunities that become available to our region during this pandemic. Without your support, we would not be able to provide these critical connections to West Michigan businesses. We thank you for your steadfast commitment to our efforts.
Birgit M. Klohs President & CEO The Right Place, Inc.
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LETTER FROM THE PRESIDENT
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