Pontiac Community Foundation One of Two Michigan Organizations to Receive National SBA Community Navigator Grant Program Funding
(November 16, 2021 - Pontiac, MI-) Pontiac Community Foundation (PCF) recently announced it is one of only two Michigan organizations to receive funding under the newly launched Small Business Administration’s Community Navigator Pilot Program. The grant program is an initiative of the American Rescue Plan, designed to reduce barriers that all small businesses face when seeking access to critical support, especially among minority business owners.
Fifty-one organizations across the country received $100 million in funding to connect entrepreneurs to resources that will allow them to establish, maintain and grow their businesses. Pontiac Community Foundation launched the Center for Pontiac Entrepreneurship (CFPE) in 2020 focused on expanding resources available for small business owners and to serve as the hub for Pontiac’s entrepreneurial ecosystem.
“Being awarded this funding is a critical example of the reason we started the Center for Pontiac Entrepreneurship,” said Scott Stewart, Vice President of Programs, Pontiac Community Foundation. “Pontiac’s small businesses are anxious for resources to help grow their businesses, especially with the detrimental impact of the COVID-19 pandemic. This grant will allow us to expand and address these critical needs in Pontiac’s small business community to ensure our entrepreneurs have the ability to thrive.”
Pontiac Community Foundation will utilize this SBA grant funding to support small businesses and entrepreneurs within the Pontiac community. Pontiac is a majority-minority city where business owners have historically lacked the resources to grow and build their business.
Through this funding, Pontiac Community Foundation will serve as the hub, coordinating the activities of the programming and ensuring a systems-level approach, while partnering with five local partners to provide hands-on programming, including partners like Main Street Pontiac and T. Ramsey & Associates. These partners will provide more than 500 entrepreneurs within the city of Pontiac with critical technical assistance, business support services, financial application assistance, and other business training and support.
“We are incredibly grateful to the funders and partners that have believed in our vision for a coordinated entrepreneurial hub in the City of Pontiac,” Dustin McClellan, Founder & CEO, Pontiac Community Foundation said. “Without the critical support from our partners, we would not have been able to start and consistently expand our Center for Pontiac Entrepreneurship.”
This funding comes on the heels of grants from the Pontiac Funders Collaborative to expand the systems-level and convening work of CFPE, Pontiac’s Big Idea Grant Program through Main Street Pontiac and Flagstar Bank to expand its programming and operations, and PNC Bank to expand its educational programming.
About Pontiac Community Foundation
Pontiac Community Foundation is an independent 501(c)(3) organization dedicated to Building a Brighter Future for Pontiac by engaging philanthropy, leadership, and collaboration to tackle Pontiac’s most pressing issues. Our organization’s most compelling work accomplishes economic vitality, neighborhood investment, civic engagement, and racial equity initiatives that help make the city of Pontiac a more desirable place to live, work, and play. To learn more, visit pontiaccommunityfoundation.org.
About the U.S. Small Business Administration
The U.S. Small Business Administration makes the American dream of business ownership a reality. As the only go-to resource and voice for small businesses backed by the strength of the federal government, the SBA empowers entrepreneurs and small business owners with the resources and support they need to start, grow or expand their businesses, or recover from a declared disaster. It delivers services through an extensive network of SBA field offices and partnerships with public and private organizations. To learn more, visit www.sba.gov.