BUSINESS AND DEVELOPMENT FINANCING
BUSINESS DEVELOPMENT PROGRAM
Michigan Economic Development Corporation (MEDC)
Performance-based cash grant and/or loan for competitive projects that create jobs and/or provide investment. The average grant award is approximately $5,000 per job created, depending on numerous factors.
MICHIGAN COMMUNITY REVITALIZATION PROGRAM
The Michigan Community Revitalization Program (MCRP) is an incentive program available from the Michigan Strategic Fund (MSF), in cooperation with the Michigan Economic Development Corporation (MEDC). The focus of the MCRP is to encourage and promote structural renovations and redevelopment of brownfield and historic preservation sites located in traditional downtowns and high-impact corridors. MCRP provides gap financing in the form of performancebased grants, loans, or other economic assistance for eligible investment projects in Michigan.
JOBS READY MICHIGAN
The Jobs Ready Michigan program (the “program”) was created by the Michigan Strategic Fund (“MSF”) 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 including, but not limited to, employee recruitment expenses, development of customized training development plans, instructor and training materials costs, purchase of equipment related to training, construction of training facilities, and on-thejob training costs.