Michigan County Reneges on $32 Million Small Business Fund

When in the spotlight at the Mackinac Policy Conference, Wayne County committed $32 million of federal COVID relief to small businesses in impoverished areas.

The New Economy Initiative, a nonprofit that helps small businesses develop, added $22 million of private donations for a total of $54 million. But six months later, the county pulled the plug on the three-year initiative, Crain’s Detroit first reported.

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