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Michigan Business Development Program

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

$5.0M

Maximum a single org can receive

Deadline

Rolling / No deadline

Jurisdiction

Michigan

About This Program

Performance-based grants and loans for businesses creating jobs or making significant capital investment in Michigan. Awards of $1,000–$20,000 per job tied to project milestones, targeting companies that might otherwise locate in another state.

Key Requirements & Eligibility

  • 1Project must represent a competitive business location decision
  • 2Minimum job creation or capital investment commitment
  • 3Grant or loan: $1,000–$20,000 per created/retained job
  • 4Disbursement tied to employment and investment milestones
  • 5Available to businesses of all sizes and industries

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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

ManufacturingTechnologyAutomotiveHealthcare
Official Source