- Michigan PPE Loan Program provides grants ranging from 10,000 to $150,000 up to $1 M in grants for Michigan manufacturers looking to transition their business to produce PPEs.
- Michigan Business Development Program provides grants, loans, and other assistance to a business located in the State, creating 50 new jobs (25 new jobs if in a county with a population less than 90,000), and support capped at $10,000,000.
- Michigan Small Business Relief Program provides both grants and loans to small businesses affected by the coronavirus starting on or around April 1, grants will be available in amounts of up to $10,000 to help cover working capital, loans will be available in amounts from $50,000 to $200,000 at interest rates of 0.25%, companies with 50 employees or fewer can qualify for grants, while loans are targeted at companies with 100 employees or fewer that can’t get credit elsewhere.
- Michigan’s Department of Environmental Quality Brownfield Redevelopment Program provides grant and loan funding up to $1 M in grants or loans in funding for environmental assessment, clean-up, exposure risk, eligible projects must have a committed developer, anticipated, private investment, new job-creation in the community, and result in an increase in tax revenue but sites lacking a developer may be eligible for loans offered at 1.5% interest with a 15-year payback period.
- Michigan Tax Increment Financing permits municipalities to capture future property tax to finance public infrastructure in a municipally designated TIF district creating a base value of property within the zone, taxable value above this base value is redirected to pay for infrastructure improvements and can be used for water resource improvement, job creation, commercial corridors, historic preservation, and many other qualified projects.
- Michigan Commercial Rehabilitation Exemption offers an incentive for commercial business or a multi-family residential facility with five or more units where the value of improvements must be at least 10% of the true cash value of the property at the start of the rehabilitation for up to a 10-year term, and a local entity must first establish a Commercial Rehabilitation District by resolution and create a district composed of property owners within the area.
