huntington bank

steve carmody / Michigan Radio

A new grant program is giving a hand to 30 Flint businesses struggling to recover from the economic effects of the city’s drinking water crisis.

The businesses range from a Coney Island to a beauty shop.      

Anthony Artis is an art dealer. He says the grant will ‘breathe new life” into his business, which sells art as far away as Boston.

Joy VanBuhler / Flickr

The Pure Michigan Micro Lending Initiative will begin with $5 million from Huntington Bank to small local businesses in Detroit. The bank has also pledged $25 million to expand the program across the state in the next five years.

The program is a partnership between the Michigan Economic Development Corporation, Huntington Bank,  the Detroit Development Fund and the Snyder administration. It will provide loans to small businesses anywhere from $500 to $50,000 dollars.

The Arab-American Civil Rights League says hundreds of Arab-Americans received letters from Huntington Bank this year explaining that their accounts have been closed, shut down or terminated.

No reason was given for closing the accounts, and no other link exists between the private and business account holders, except that they are all Arab-American owned accounts.