Michigan Business Development Program (Michigan)

From Open Energy Information


Last modified on February 12, 2015.

EZFeed Policy

Place Michigan


Applies to States or Provinces Michigan
Name Michigan Business Development Program (Michigan)
Policy Category Financial Incentive
Policy Type Grant Program
Affected Technologies Biomass/Biogas, Coal with CCS, Concentrating Solar Power, Energy Storage, Fuel Cells, Geothermal Electric, Hydroelectric, Hydroelectric (Small), Natural Gas, Nuclear, Solar Photovoltaics, Wave Energy, Wind energy
Active Policy Yes
Implementing Sector State/Province














Program Administrator Michigan Economic Development Corpororation
Primary Website http://www.michiganbusiness.org/grow/incentives-taxes/#incentives


Last Review 2014-09-15



Summary

The Michigan Business Development Program provides grants, loans, and other economic assistance to businesses for highly competitive projects that create jobs and/or provide investment. A minimum of 50 qualified new jobs must be created; businesses located in a rural county or which qualify as a high-technology activity must create a minimum of 25 jobs. Grants are performance-based and include flexible terms and conditions; loans are also performance-based and may include below-market interest rates, extended repayment provisions, and forgivable terms.


Policy Contact

Contact Name Trevor Pawl
Department Michigan Economic Development Corporation
Division Pure Michigan Business Connect
Address 300 N. Washington Square
Place Lansing, Michigan
Zip/Postal Code 48913
Phone (313) 456-3042
Phone 2 (888) 522-0103
Email pawlt@michigan.org
Website http://www.michiganbusiness.org/about-medc/people/?cmd=1&emp=&div=MEDC%20-%20Business%20and%20Community%20Development#directory-results


















References