Five Upstate businesses will receive financial help from Michelin Development, a subsidiary of Michelin North America, the company announced in a news release.
Michelin Development provides low-interest loans and business expertise to startups and small businesses in key regions where Michelin has operations and facilities. The Upstate is home to Michelin’s North America headquarters and several major tire facilities. The Michelin Development program has aimed to support economically and socially disadvantaged small business owners in the Upstate since 2009.
The five new businesses in the Upstate are receiving a total of $162,000 and have the potential to generate more than 80 jobs across the Upstate, the release said.
The five businesses receiving loans are Anchor Bat Company, makers of wood baseball bats; Palmetto Surface Solutions; provider of services to maintain athletic and asphalt surfaces; Nutty Scientists of Greenville, creators of hands-on science activities for students; Gregory Formal Wear on the Go, offering house calls, fittings and deliveries to customers wherever they are; and Moe Joe Coffee and Music, a coffee house and music venue.
To learn more about Michelin Development programs or apply for a loan, visit michelindevelopment.com.