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.

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.

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.

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.

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).

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.

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.

Small businesses across the state now have access to new tools and resources to help them launch and grow in Michigan, including an online small business learning platform called Initiate. The Initiate resource portal covers topics such as money, marketing, management, and COVID-19 resiliency resources by using a variety of learning methods including videos, templates, and guides.

The Jobs Ready Michigan program was created by the Michigan Strategic Fund to meet the talent needs of companies that are expanding or relocating to Michigan. The program is designed to be flexible and responsive to the specific talent needs of companies and to address the costs associated with recruiting and training individuals for occupations that are high-wage, high-skill, or high-demand.

Program awards may be used for a variety of activities related to talent recruitment and job training.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.