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Michigan Business Development Program

Michigan Economic Development Corporation (MEDC)MI-BDP
Max per Applicant

$10.0M

Maximum a single org can receive

Deadline

Rolling / No deadline

Jurisdiction

Michigan

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

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Apply or Learn More

Visit the official page to review full eligibility requirements and apply.

Official Source
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Applicable Industries

ManufacturingTechnologyAutomotiveClean Technology
Official Source