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Michigan Business Development Program

Michigan Business Development Program

Provides performance-based grants and loans for Michigan businesses creating net new jobs or capital investment.

OpenMichigan Economic Development CorporationUnited StatesProjects in Michigan
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About

The Michigan Business Development Program (MBDP) is a deal-driven economic assistance program administered by the Michigan Economic Development Corporation (MEDC) in cooperation with the Michigan Strategic Fund (MSF). It provides grants, loans, or other forms of economic assistance to businesses undertaking highly competitive projects in Michigan that create net new jobs or significant capital inv…

What this grant funds

Any industry except retail and retention; priority for innovation industries.

Key facts
CycleiHow often this grant runs — e.g. annually, on a rolling basis, or a one-off call.Rolling
Next deadlineiThe next date applications are due. Rolling means you can apply any time.Rolling
Decision timeiTypical time from the deadline to the funder's decision.—
Project durationiHow long the funded work is expected to run.—
Award typeiThe form of funding — grant, equity, loan, tax credit, etc.Grant
Match fundingiThe share of project costs you must cover yourself. 0% = fully funded.0%
Funding pooliThe total budget available across all awards in this round.—
Funding analytics

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Industries

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Eligibility criteria

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Application process

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Timeline

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Where founders trip up

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Last verified: 24 Jul 2026Source: www.michiganbusiness.org