PMBC Access and Certifications Grants is designed to increase the probability that the buyer-supplier match made during a summit, tour or research project which will result in a purchase order. Additionally, this program would complement MEDC efforts to engage small businesses, businesses in geographically disadvantaged areas, diverse businesses considering Industry 4.0 modifications. Eligible companies may qualify for up to $15,000 in assistance to offset 50% of pre-approved expenses per fiscal year
Michigan companies must meet the following eligibility criteria to qualify for PMBC Access and Certification Grants:
- Be in accordance with Small Business Administration (SBA) guidelines and size standards.
- Provide an EIN number linked to a Michigan address.
- Be in good standing with the Michigan Department of Treasury and other regulatory agencies.
This application and agreement shall remain fully contingent until executed by the Michigan Economic Development Corporation (MEDC).
Allowable Uses of PMBC-A.C Grants
The program funds may be approved for:
- ISO/Quality Certification
- Software Access Grants
- Diverse Business Certification
COMPLIANCE WITH LAWS.
- Other procurement barriers as approved by review committee
The Grantee is not and will not during the Term be in violation of any laws, ordinances, regulations, rules, orders, judgments, decrees or other requirements imposed by any governmental authority to which it is subject, and will not fail to obtain any licenses, permits or other governmental authorizations necessary to carry out its duties under this Agreement.
The occurrence of any one or more of the following events or conditions shall constitute an “Event of Default” under this Agreement, unless a written waiver of the Event of Default is signed by the MEDC: (a) any representation, covenant, certification or warranty made by the Grantee shall prove incorrect at the time that such representation, covenant, certification or warranty was made in any material respect; (b) the Grantee’s failure generally to pay debts as they mature, or the appointment of a receiver or custodian over a material portion of the Grantee’s assets, which receiver or custodian is not discharged within Sixty calendar days of such appointment; (c) any voluntary bankruptcy or insolvency proceedings are commenced by the Grantee; (d) any involuntary bankruptcy or insolvency proceedings are commenced against the Grantee, which proceedings are not set aside within Sixty calendar days from the date of institution thereof; (e) any writ of attachment, garnishment, execution, tax lien, or similar writ is issued against any property of the Grantee, which is not removed within Sixty calendar days. (f) the Grantee’s failure to comply with the reporting requirements hereof; (g) the Grantees failure to comply with any obligations or duties contained herein; (h) Grantee’s use of the Grant funds for any purpose not contemplated under this Agreement.
If this Grant is terminated as a result of Section XVII(h) hereof, the MEDC shall have no further obligation to make a Grant disbursement to the Grantee. The Grantee shall reimburse the MEDC for disbursements of the Grant determined to have been expended for purposes other than as set forth herein as well as any Grant funds, which were previously disbursed but not yet expended by the Grantee.