| State: |
MI |
| Incentive Type: |
Cash Grants and Financing Incentives |
| Incentive Title: |
Infrastructure Grants |
| Description: |
1. TRANSPORTATION ECONOMIC DEVELOPMENT FUNDS, INTERMODAL SURFACE TRANSPORTATION EFFICIENCY ACT AND MUNICIPAL BOND AUTHORITY: Funds to support local road development and other infrastructure needs to foster job creation and retention opportunities. Grants may be awarded for up to $10,000 for each new job created or 90% of the total infrastructure cost.
2. COMMUNITY DEVELOPMENT BLOCK GRANT (CDBG): Federally funded program to assist states and municipalities with public infrastructure improvements that support business expansion and job creation.
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| Eligibility Requirements: |
1. Local communities must have an identified business that can make a commitment to a specified number of jobs created.
2. Grants are awarded to states and municipalities. Eligible projects include manufacturing, point-of-destination tourism, headquarter operations & major multi-state distribution facilities. Project must benefit low to moderate income people. |
| Geographic Restrictions: |
Statewide |
| Granting Authority: |
Michigan Economic Development Authority |
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