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Explore resources that Michigan Economic Development Corporation offers.

Services for my Tech Company

BBC Entrepreneurial Training and Consulting (BBCETC)

BBCetc manages the Michigan SBIR/STTR Assistance Program, which provides group training and one-on-one proposal development consulting to Michigan’s technology-based entrepreneurs and early-stage companies. The program’s goal is to increase Michigan’s share of Small Business Innovative Research (SBIR) and Small Business Technology Transfer (STTR) funding by enhancing the competitiveness of SBIR/STTR proposals.

Blighted or Historic Property, Blighted Property or Disadvantaged Area, Current Michigan Company, Developer, Grant and Incentive Programs, Incentives and tax abatements, Outside Michigan Company, Real Estate Developer, Unsure

Brownfield Tax Increment Financing

Through the Brownfield Redevelopment Financing Act, Brownfield TIF allows applicable taxing jurisdictions to receive property taxes on the property at the current level and capture the incremental increase in tax revenue resulting from a redevelopment project.

Under a MSF approved Work Plan or Combined Plan, projects can seek reimbursement from state and local property taxes for eligible non-environmental activities. Projects can also seek reimbursement from state and local property taxes for eligible environmental activities through submission of a Work Plan or Combined Plan to the Michigan Department of Environment, Great Lakes, and Energy.

Engineering, Design and Development, Advanced Manufacturing, Find Funding, Grant and Loan Programs, MEDC Suite Services, Medical Device, Mobility and Electrification, Other Industry, Professional and Corporate Services, Tech Support

Capital Access Program

The Capital Access Program is an innovative program available to assist businesses with less than 500 employees with capital needs. The CAP uses small amounts of public resources to generate private bank financing, providing small Michigan businesses access to capital that might not otherwise be available.

Find Funding, MEDC Suite Services

Collateral Support Program

The Collateral Support Program is funded by federal dollars provided under the State Small Business Credit Initiative (SSBCI) Act of 2010, and seeks to enable suppliers to acquire the necessary financing that might otherwise be unavailable due to a collateral shortfall according to the lender’s analysis.

The program will supply pledged cash collateral accounts to lenders to achieve this goal for approved projects. To qualify, a business must be engaged with a private lender for the purpose of acquiring a commercial extension of commercial credit.

Blighted or Historic Property, Grant and Incentive Programs, Municipality, Rural location, Urban location

Community Development Block Grant

The U.S. Department of Housing and Urban Development (HUD) allocates Community Development Block Grant (CDBG) funding to the State of Michigan, through the Michigan Strategic Fund (MSF) and MEDC, for further distribution to eligible Units of General Local Government (UGLGs) to carry out MSF-approved activities.

The federal statutory authority for the CDBG program is the Housing and Community Development Act of 1974, as amended (HCDA).

Blighted Property or Disadvantaged Area, Rural, Unsure, Urban

Critical Industry Program

The Critical Industry Program (CIP) provides qualified investments to qualified businesses for deal-closing, gap financing, or other economic assistance to create or retain qualified jobs as a result of a technological shift in product or production or make capital investments, or both, in Michigan as determined by the MSF board.

An applicant for a CIP award must be a qualified business. A qualified business means a business that is located in or operates in Michigan or will locate or will operate in Michigan.

Funding for my Tech Company

Emerging technologies Fund (ETF)

The Michigan Emerging Technologies Fund (ETF) is designed to expand funding opportunities for Michigan technology-based companies in the federal innovation research and development arena by providing match dollars (of up to $25,000 for Phase I and up to $125,000 for Phase II) to eligible Small Business Innovation Research (SBIR) or Small Business Technology Transfer (STTR) proposals.

Develop my Idea, Large or Enterprise Business, Small to Medium Sized Business, Training and Support

Industry 4.0 Readiness

Industry 4.0, the convergence of digital and physical technologies, is the next phase in advanced manufacturing automation. Michigan Economic Development Corporation and our partners have the resources and services to help your manufacturing business prepare for the future.

Engineering, Design and Development, Advanced Manufacturing, Find Funding, Grant and Loan Programs, MEDC Suite Services, Medical Device, Mobility and Electrification, Other Industry, Professional and Corporate Services, Tech Support

Loan Participation Program

The Loan Participation Program seeks to enable companies to acquire the necessary financing that might otherwise be unavailable due to a cash flow shortage according to the lender’s analysis. The program will participate by purchasing a portion of the loan from the lender for approved projects.

To qualify, a business must be engaged with a private lender for the purpose of acquiring a commercial extension of commercial credit for a diversification or expansion project.

Grant and Incentive Programs, Grant and Loan Programs, Municipality

Match on Main

Match on Main is a small business grant program for eligible businesses in Certified Redevelopment Ready or Michigan Main Street communities. Match on Main provides up to $25,000 for interior and exterior renovations and working capita.

Blighted Property or Disadvantaged Area, Incentives and tax abatements, Jobs 25-50, Jobs 51-100, less than 24 jobs, More than 100 jobs, Outside Michigan Company, Rural, Unsure, Urban

Michigan Business Development Program

The Michigan Business Development Program is available from the Michigan Strategic Fund (MSF), in cooperation with MEDC. The program is designed to provide grants, loans or other economic assistance to businesses for highly competitive projects in Michigan that create jobs and/or provide investment.

The MBDP is available to eligible businesses that create qualified new jobs and/or make qualified new investment in Michigan.

Retail Business, Technical Assistance Programs

Michigan Main Street

The Main Street Approach™ is a unique, historic preservation based economic development strategy that focuses on leveraging existing social, economic, physical and cultural assets to energize community revitalization efforts and help manage success for the long term.

The approach leads to tangible outcomes that benefit the entire community through encouraging communities to enact long-term change while also implementing short-term, inexpensive and place-based activities that attract people to the commercial core and create a sense of enthusiasm about the community.

Developer, Incentives and tax abatements, Municipality

PA 198: Industrial Facilities Exemption

The Plant Rehabilitation and Industrial Development Districts Act, (known as the Industrial Facilities Exemption) PA 198 of 1974, as amended, provides a tax incentive to manufacturers to enable renovation and expansion of aging facilities, assist in the building of new facilities, and to promote the establishment of high tech facilities.

Find Funding

Private Activity Bonds

Private activity bonds are an attractive source of financial assistance to economic development projects in Michigan. They provide profitable firms with capital cost savings stemming from the difference between taxable and tax-exempt interest rates.

Public facilities, which generate a revenue stream, (parking structures for instance) have traditionally been financed by municipalities through tax-exempt “revenue bonds.” Private activity bonds apply this same tax-exempt finance mechanism to the “public purpose” of economic development.

Blighted or Historic Property, Grant and Incentive Programs, Municipality, Rural location, Urban location

Public Spaces Community Places

Designed by MEDC in collaboration with the Michigan Municipal League, PSCP is a crowd-granting initiative that can provide matching grant funds for crowdfunded public space projects through Patronicity, an online, crowdfunding platform.

Advanced Manufacturing Industry, Engineering, Design and Development Industry, Increase Sales, Industry Connections, MEDC Suite Services, Medical Device Industry, Mobility and Electrification Industry, Other Industry, Professional and Corporate Services Industry, Tech Industry

Pure Michigan Business Connect Matchmaking Summits & Targeted Searches

With access to a vast and diverse supplier network, PMBC connects Michigan suppliers of goods and services with local, domestic and global buyers based on demand and procurement needs.

PMBC helps facilitate introductions to key industry and diverse business associations and strategic partners through in-person and virtual events, or via online database searches.

Current Michigan Company, Developer, Outside Michigan Company, Real Estate Developer, Redevelopment Ready Communities and Properties

Redevelopment Ready Sites

Redevelopment Ready Sites are located within Certified Redevelopment Ready Communities, a program designed to prepare communities to offer a transparent, predictable, and efficient development experience. Sites have been hand-picked as priority redevelopment opportunities to help you save time and money.

Increase Sales, Small to Medium Sized Business, Technical Assistance, Training and Support

Second Stage Growth Solutions (SSGS)

SSGS provides second-stage companies with the technical research assistance and business expertise they need to continue to grow profitably and be prepared for the future. The information and connections gained through this program will give companies the insights and knowledge necessary to identify key opportunities for continued success.

To qualify, companies should have 10-99 employees with annual revenue between $1 million and $50 million and be on an upward growth trend. The MEDC covers all costs.

Partner Resources

Explore resources offered by our partners.

Talent Programs

Pure Michigan Talent Connect

Pure Michigan Talent Connect is a tool connecting Michigan job seekers and employers and serves as a central hub linking all public and private stakeholders who support Michigan's workforce.

Services for my Tech Company

SBDC Tech Team

The SBDC provides consulting to innovative tech companies through its “Tech Team” of business consultants who have many years of first-hand experience launching and growing high tech companies. Their background in tech sectors including life sciences, IT, advanced manufacturing, and mobility enables them to provide in-depth support that is essential to the inception and expansion of companies built on cutting-edge technologies.

Please Note:

All incentives are subject to a business integrity review, background check process, and other general due diligence as required, the results of which are satisfactory to the MEDC, the Office of the Chief Compliance Officer, and related authorities. Proposed incentives are dependent on availability of funds each year through the legislative budget process. Incentive amounts are contingent upon the ability of the project to meet program requirements and are subject to an application review and approval process.

MEDC is Here and Ready to Help

When it comes to your business, we’re always open. Give us a call to learn more about MEDC programs and resources.

Contact MEDC

Josh Hundt

Executive Vice President & Chief Business Development Officer