Olga Loizon Memorial Grant for Women Entrepreneurs in Michigan

Grant Overview

Olga Loizon Memorial Foundation Grant for Women Entrepreneurs in Michigan – $75,000 Business Development Funding

Donor: TEAM Schostak Family Restaurants and Olga’s Kitchen

About: The Olga Loizon Memorial Foundation Grant stands as a beacon of hope for women entrepreneurs in Michigan, offering substantial financial support to fuel their business dreams. This pioneering initiative honors the extraordinary legacy of Olga Loizon, a trailblazing restaurateur who revolutionized Metro Detroit’s culinary landscape with Olga’s Kitchen.

The foundation’s mission extends beyond mere financial assistance, embodying Olga’s entrepreneurial spirit and determination. Each year, the program awards grants totaling $75,000 to exceptional women entrepreneurs who demonstrate the same passion, ambition, and innovative vision that characterized Olga’s journey. The foundation specifically targets women who face financial barriers in starting or expanding their businesses, providing them with the crucial resources needed to transform their entrepreneurial visions into reality.

Recent grant recipients showcase the diverse range of businesses supported, from retail marketplaces and wellness centers to innovative food services and specialized healthcare practices. These success stories highlight how the foundation’s support catalyzes business growth and community development across Michigan.

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Focus: Women entrepreneurship, Business development, Retail ventures, Healthcare services, Food industry, Wellness sector, Professional services, Community development, Michigan business growth

Region: Michigan, United States

Eligibility:
-Must identify as a woman
-Must be a current resident of Michigan
-Business must be located and operated in Michigan
-Must demonstrate financial need through a personal statement
-Must submit a formal business plan
-Business can be at any stage (startup or existing)
-All industries and sectors are eligible
-No minimum revenue requirements
-No specific business size restrictions

Benefits:
-Grant funding up to $10,000 per recipient
-Total annual grant pool of $75,000
-Recognition and visibility through foundation’s network
-Inclusion in foundation’s promotional materials
-Networking opportunities with other grant recipients
-Access to mentorship resources
-Media exposure opportunities

Deadline: Ongoing

Terms:
-Foundation: The Olga Loizon Memorial Foundation is a non-profit organization established by TEAM Schostak Family Restaurants and Olga’s Kitchen to support women entrepreneurs in Michigan
-TEAM Schostak Family Restaurants: A family-owned restaurant group that owns and operates Olga’s Kitchen and other restaurant brands in Michigan
-Business Plan: A comprehensive document outlining business strategy, market analysis, financial projections, and operational details
-Personal Statement: A written document demonstrating financial need and explaining how the grant will impact the business
-Metro Detroit: The metropolitan area surrounding Detroit, Michigan, including Wayne, Oakland, and Macomb counties