Micro MBDP (Michigan Business Development Program)

Micro MBDP (Michigan Business Development Program) is sponsored by Michigan Strategic Fund (MSF) in cooperation with MEDC. Micro MBDP is an incentive program designed to provide grants, loans, and other economic assistance to businesses that create jobs and/or provide investment in the state of Michigan.

Incentive: MICHIGAN BUSINESS DEVELOPMENT PROGRAM (MBDP) Incentive: MICHIGAN BUSINESS DEVELOPMENT PROGRAM (MBDP) The Michigan Business Development Program is available from the Michigan Strategic Fund (MSF), in cooperation with MEDC. The program is designed to provide grants, loans or other economic assistance to businesses for highly competitive projects in Michigan that create jobs and/or provide investment.

Category: Incentives Packaging More Incentives Packaging Critical Industry Program (CIP) The Critical Industry Program provides qualified investments to qualified businesses for deal-closing, gap financing, or other economic assistance to create or retain qualified jobs as a result of a technological shift in product or production or make capital investments, or both, in Michigan...

Incentive: BROWNFIELD TAX INCREMENT FINANCING The Tax Increment Financing Authorities allows municipalities to develop districts with authority to capture taxes due to the increase in property values within a specific district that have resulted from project investments. The districts may be under the jurisdiction of a Downtown Development Authority (DDA),...

Incentive: DELTA COLLEGE FAST START™ TRAINING PROGRAMS Delta College Fast Start™ Training Program is a partnership between Delta College, Great Lakes Bay Michigan Works! , and regional businesses. Delta College Fast Start™ Training Programs have operated to meet employer workforce training need on a “just in time” basis with job placement rate as...

Incentive: GREAT LAKES BAY MICHIGAN WORKS! The Great Lakes Bay Michigan Works! Is a regional organization devoted to strengthening the local economy through workforce development with funding from the federal and state government.

A Business Services Team is assigned to specific industry sectors, and can save time and money in the... Incentive: INDUSTRIAL DEVELOPMENT REVENUE BONDS The Industrial Development Revenue Bond program is tax exempt financing for fixed asset purchases. The Saginaw County Economic Development Corporation (EDC) authorizes issuance of the bonds sold to single or multiple investors.

The Michigan Economic Development Corporation (MEDC), also has a statewide program to issue... Incentive: MICHIGAN COMMUNITY DEVELOPMENT BLOCK GRANT COMMUNITY DEVELOPMENT INITIATIVES (CDBG) MEDC, on behalf of the Michigan Strategic Fund (MSF), administers the Community Development Block Grant (CDBG) program. CDBG is a federal grant program utilizing funds received from the U.S. Department of Housing and Urban Development (HUD).

Funds are used to provide grants to eligible counties,... Incentive: MICHIGAN COMMUNITY REVITALIZATION PROGRAM (MCRP) MCRP is a program available from the MSF, in cooperation with MEDC, designed to promote community revitalization that will accelerate private investment in areas of historical disinvestment, contribute to Michigan’s reinvention as a vital, job?

generating state, foster redevelopment of functionally obsolete or historic properties, reduce... Incentive: OBSOLETE PROPERTY REHABILITATION ACT (OPRA) The OPRA (P. A.

146) incentive essentially allows property owners that are proposing a building renovation to "freeze" a portion of their real property taxes on the current property's value for a period of up to 12 years. Only commercial property or commercial housing property is... Incentive: P.

A. 198 TAX ABATEMENT - INDUSTRIAL FACILITIES EXEMPTION Saginaw County’s townships, villages and cities are very familiar with Industrial Facilities Exemption certificates and most have been supportive of this incentive for new and expanded facilities. The P.

A. 198 tax abatement program provides a 50% abatement on real property for up to 12 years... Incentive: PUBLIC ACT 210 OF 2005 - COMMERCIAL REHABILITATION ACT This incentive is a tax freeze on real property improvements for a commercial property for a 1 to 10 year period and the decision to provide the tax abatement and the term is decided by the local municipality.

The local government establishes a District (geographic... Incentive: STATE ESSENTIAL SERVICES ASSESSMENT (SESA) EXEMPTION AND ALTERNATIVE STATE ESSENTIAL SERVICES INCENTIVE PROGRAMS The State Essential Services Assessment is required for manufacturers that do not pay personal property tax on eligible manufacturing personal property.

The MSF, in certain circumstances, may choose to exempt or reduce the Assessment for projects that create jobs and/or private investment in Michigan through... Incentive: UTILITY AND ENERGY SAVINGS PROGRAMS Consumers Energy provides substantial business energy savings rebates that are available for achieving energy efficiency in both existing and new buildings.

Consumers Energy can assist with energy audits and a walk through to identify potential energy efficiency projects. The Jobs Ready Michigan program was created by the Michigan Strategic Fund 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...

Loan: East Central Michigan (ECM) Revolving Loan Fund (RLF) The ECM RLF provides gap financing/credit at reasonable rates to small and medium size businesses in Bay and Saginaw Counties. Target loans average $25,000 to $100,000 although the maximum loan is dependent on the fund balance. Loan terms will be negotiable with a maximum of...

Loan: Federal Financing Programs Saginaw Future can help facilitate your loan process. Start or expand your business with loans guaranteed by the Small Business Administration. Use Lender Match to find lenders that offer loans for your business.

Loan: LEAN & GREEN MICHIGAN Lean & Green Michigan™ helps commercial, industrial, multifamily, nonprofit, and agricultural property owners finance energy efficiency, water conservation, and renewable energy projects that are profitable for all parties – property owners, contractors, and local governments. Click here for more info or download the brochure!

Loan: Local Blue Water Angels Revolving Loan Fund Local Blue Water Angels is a network of more than 30 high-net worth individuals and select organizations interested in investing capital in promising companies with the expectation of receiving a substantial return on their investment. While ROI is absolutely the primary goal for BlueWater Angels (BWA),...

Loan: Saginaw Economic Development Corporation (SEDC) Revolving Loan Fund Saginaw Economic Development Corporation (SEDC) is a loan fund available for projects within the City of Saginaw. New investment and job creation is essential. Funds may be used for fixed capital or inventory purchase and are subordinate to bank financing.

Loan: State of Michigan Financing Package Saginaw Future can help facilitate your loan process. The Michigan Economic Development Corporation works to increase the availability of capital for companies in Michigan at every stage of development. MEDC can help connect your business with capital providers – federal grants, venture capitalists, banks, and...

Strategic Site Readiness Program (SSRP) The Strategic Site Readiness Program provides financial incentives to eligible applicants to conduct eligible activities on, or related to, strategic sites and mega-strategic sites in Michigan, for the purpose of creating investment-ready sites to attract and promote investment in Michigan. For more information,... More than 1.

2 million-square-feet of new development has been completed in 2024 Saginaw Future secured nearly $930 million in new investments in 2024 Reach over half of the U.S. and Canadian population in 500 miles More than 1,400 jobs were created or retained in 2024 104 acres is available in the Pad Ready Great Lakes Tech Park Industrial Site Development