MI New Economy
The $50 million fund would ask non-profits to submit grant applications that explain how the funding would allow the non-profit to continue or expand programming in service categories of housing assistance, childcare assistance, assistance to adopt high-speed internet and other workforce barrier elimination (e.g. transportation assistance), or similar services that are explicitly allowed through the American Rescue Plan that help people under the ALICE threshold. This is a one-time infusion of capital into Michigan's nonprofit sector to provide relief to these critical organizations, while allowing them to continue or expand their services to areas hit the hardest by COVID-19 and to populations that are underserved and underrepresented. The ultimate success of the program will be judged by the number of nonprofits able to continue services (nonprofit survival rate) and the number of families lifted above the ALICE threshold.