Economic Development serves businesses and organizations of all sizes and phases. From food start-ups to large manufacturers, our team is here to provide support on the following:
- Financial Packaging – business financing, micro-lending, state incentives, tax abatements
- Talent – training funding, hiring support
- New Marketplace & Customer Development – exporting, supplied development, Pure Michigan Business Connect
- Site Location
The Economic Development Corporation’s (EDC’s) small business loan program can provide financing to local for-profit businesses.
The EDC can provide a direct loan for up to 20% of the total project cost, with a maximum loan amount of $100,000. Loans are secured by business and personal assets, as well as through the personal guarantees of owners. The EDC will also finance the total project, with a maximum loan amount of $100,000. Businesses receiving EDC funding must be able to create one new job for each $25,000 borrowed.
In order to assist us in servicing you and your company, please complete the form below. Our development team will reply shortly.