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MSU Federal Credit Union outlines $2,500 matching grants and business support for Main Street businesses
Summary
MSU Federal Credit Union representatives described a matching grant program that awards up to $2,500 per business toward website, CRM, digital marketing and other capacity-building needs; the credit union also said it can provide in-house business support and products to participating businesses.
Representatives of MSU Federal Credit Union described a small-business grant program and offered to share application information through Main Street channels.
Ian Duckinson, identified in the meeting as the market manager in the community impact division for Southeast Michigan, told the BSD that the program is a matching grant up to $2,500, run twice a year, and that the next application cycle opens in May. Duckinson said the credit union—s community impact fund — not the institution—s marketing budget — supplies the grant money. He said last year the program awarded just over $17,000 across two cycles and that the BSD was one of the program—s recipients.
Duckinson and other credit union representatives said the grant can support website development, customer-relationship-management systems, digital marketing and similar technical needs. He said participating businesses can also access the credit union—s business products and services, including business accounts and loans, and that the credit union offers consultations and seminars for grant recipients.
BSD staff and the credit union discussed operational details: the program requires a match from the business, applications are coordinated through the Main Street contact (named in the meeting as Eric Phillips for distribution), and the credit union can provide outreach and consultation to businesses that need help assembling an application or planning for the match requirement. No formal BSD action was required at the meeting; staff said they will circulate the grant information and application timeline to local businesses.
Ending: BSD staff will share the credit union—s application information with downtown businesses and encourage eligible firms to apply in the next cycle.
