©2013 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 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.
This program encourages the replacement, restoration and new construction of eligible commercial property by abating the property taxes generated from new investment for a period up to 12 years.
This program encourages rehabilitation of eligible commercial property 15 years or older by abating the property taxes generated from new investment for a period up to 10 years. The primary purpose of the facility must be for operation of a commercial business enterprise or multifamily residential use.
300 N. Washington Sq., Lansing, MI 48913