MICHIGAN INCENTIVES SUMMARY
Michigan Business Development Program (MBDP)
The MBDP is an incentive program available from the Michigan Strategic Fund (MSF). The MBDP provides grants, loans, or other economic development assistance to businesses for highly competitive projects in Michigan that create at least 50 new jobs and capital investment. Michigan residents must hold the new jobs.
Jobs Ready Michigan
This program is available from the Michigan Strategic Fund (MSF) to companies expanding or relocating to Michigan. The program is flexible and responsive to the need of companies and address the costs to recruit and train individuals entering high-wage, high-skill, or high demand employment positions.
Michigan New Jobs Training Program (MNJTP)
Provides flexible funding to meet various employee training and development needs customized to the needs of business. MNJTP allows community colleges to provide free training for employers that create new jobs and/or expand operation in Michigan.
Notice: This list of economic development incentive programs is intended to provide a high-level overview of commonly pursued state discretionary programs. A comprehensive analysis of project details will determine the full scope of state and local incentive programs that may be available to support a specific project.