MI Business Development Program
MI Economic Development Corporation
About the Grant
The Michigan Business Development Program (MBDP) is available to eligible businesses that create qualified new jobs and/or make qualified new investment in Michigan. “Qualified new job” means a new, full-time job performed by an individual who is either: a resident of this state whose Michigan income taxes are withheld by an employer; or an employee leasing company or professional employer organization on behalf of the employer or an individual who is not a resident of Michigan and is employed by a business at a project location that is located in this state, provided that the business certifies in writing at the time of the MSF disbursement that not less than 75 percent of the employees of that business are residents of Michigan. In both cases, the qualified new job must be in excess of the number of jobs maintained by the qualified business prior to the expansion or location as determined by the MSF.
Notes
This is a large and flexible funding program to support businesses in Michigan through both grants and loans. Because of its flexibility, this program has a less structured application process than many other grants.
If you feel that your business is elligible for this program, we recommend reaching out directly to the MBDP for guidance on how to apply.
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