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Michigan Business Development Program

Michigan Economic Development Corporation (MEDC)MI-BDPRefreshed 12 days ago
Do I qualify?
Who can apply

Businesses

Government-funded

Max funding

$5.0M

per applicant

Type

Grant

Cash award, application-based

Deadline

Rolling

No fixed cutoff

Timing

Rolling

Or check for open cycles

Complexity

Moderate

Standard state application

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

Do I qualify?

Answer the questions below for a rules-based self-assessment of your fit for this program. This is informational — final determinations are made by the administering agency.

0 of 5 answered

1.Project must represent a competitive business location decision

2.Minimum job creation or capital investment commitment

3.Grant or loan: $1,000–$20,000 per created/retained job

4.Disbursement tied to employment and investment milestones

5.Available to businesses of all sizes and industries

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Official Source