Michelin North America has announced a new development program to provide loans to new and existing disadvantaged businesses in the upstate. Michelin will provide the initial funding amount of $1 million for the program.
Dick Wilkerson is the chairman and president of Michelin North America. “The status of our economy impacts all of us. So it’s not just something for small business. It will impact everyone. It’s not the overall solution, but it is a small step, a small step, to start creating some jobs in this community.”
The program is set to launch on September 1st.