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Michigan Business Development Program

Michigan Economic Development Corporation (MEDC)MI-BDPRefreshed 1 month ago
Do I qualify?
Max funding

$10.0M

per applicant

Type

Grant

Cash award, application-based

Deadline

Rolling

No fixed cutoff

Timing

Rolling

Or check for open cycles

Complexity

Moderate

Standard state application

About This Program

Performance-based grants or loans for qualifying businesses creating jobs or making capital investments in Michigan, targeting high-tech sectors, manufacturing, and emerging industries.

Key Requirements & Eligibility

  • 1Must create at least 25 qualified new jobs (5 in rural areas) within 5 years
  • 2Jobs must pay at least 125% of regional average wage with benefits
  • 3Award: performance-based grant or loan up to $10M depending on project
  • 4Eligible: manufacturing, R&D, headquarters, back-office, agri-business
  • 5Must demonstrate the project would not occur in Michigan without the incentive

Do I qualify?

Answer the questions below to get an instant self-assessment of your fit for this program. This is informational — final determinations are made by the administering agency.

0 of 5 answered

1.Must create at least 25 qualified new jobs (5 in rural areas) within 5 years

2.Jobs must pay at least 125% of regional average wage with benefits

3.Award: performance-based grant or loan up to $10M depending on project

4.Eligible: manufacturing, R&D, headquarters, back-office, agri-business

5.Must demonstrate the project would not occur in Michigan without the incentive

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