©2016 Michigan Economic Development Corporation
The Michigan Economic Development Corporation (MEDC), in partnership with the Michigan Department of Agriculture & Rural Development (MDARD), offers multiple programs to help support the financing and growth of agricultural businesses in the State of Michigan. Michigan is an international leader in the agriculture industry, and MDARD and MEDC are committed to supporting the continued growth of the industry within the state. MDARD and the MEDC offer loan assistance to help businesses gain access to financing through private lenders, including banks and credit unions. The programs are designed to enhance a borrower’s financial position to meet standard loan requirements.
Michigan has a vibrant food and agricultural industry and is second in our nation in the variety of commodities grown for market. Agricultural Processing Renaissance Zones (APRZs) were created to promote agricultural processing operations in the State of Michigan and to enhance the industry overall. These APRZs differ from Michigan’s original renaissance zones because they require them to contain a company’s agricultural processing facility and can be located anywhere in Michigan.
Eligible new warehouse, distribution, or logistics facilities that locate in a county that borders another state or Canada may qualify for tax incentives.
The Brownfield Program uses tax increment financing to reimburse Brownfield related costs incurred while redeveloping contaminated, functionally obsolete, blighted or historic properties that are former industrial, commercial, residential or public property. It is also responsible for managing the Single Business Tax and Michigan Business Tax Brownfield Credit legacy programs (SBT/MBT Brownfield Credits). This fact sheet is an overview of the steps involved in that process.
The creation of a Brownfield Redevelopment Authority allows local decision-making in the various aspects of Brownfield redevelopment.
Map showing regions of Business Development Managers (BDMs).
A Business Improvement District/Principal Shopping District provides business with the opportunity to come together and use their expertise, experience and financing to improve the marketing, infrastructure and operational aspects of their business area, each of which has an impact on their individual businesses.
The Capital Access Program (CAP), administered for the Michigan Strategic Fund (MSF) by the Michigan Economic Development Corporation (MEDC), is an innovative program available to assist businesses 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.
This fact sheet describes the Certified Business Parks program, jointly administered by the Michigan Economic Developers Association (MEDA) and the Michigan Economic Development Corporation.
The Mission of the Office of the Chief Compliance Officer is to protect the State’s assets consistent with the requirements of the Michigan Strategic Fund Act by assisting the MSF board with the creation, implementation, monitoring, and enforcement of policies and procedures to prevent or detect illegal, unethical, or improper conduct of MSF board members, employees, or agents of the MSF fund board, and correct such violations promptly. This includes making recommendations to the MSF Board and employees of the MSF Board regarding the appropriate evaluation, investigation, and resolution of issues and concerns regarding compliance with internal policies and procedures and with applicable state and federal law.
300 N. Washington Sq., Lansing, MI 48913