Michigan Economic Development Corporation (MEDC)
The Michigan Economic Development Corporation (MEDC) is the state’s marketing arm and lead advocate for business development, talent & jobs, tourism, film & digital media incentives, arts & cultural grants, and overall economic growth. The MEDC offers a number of business assistance services and capital programs for business attraction & acceleration, entrepreneurship, strategic partnerships, talent enhancement, and urban and community development. For more information, please visit michiganbusiness.org
Business Assistance Programs:
- Pure Michigan Business Connect (PMBC): PMBC is a multi-billion dollar public/private initiative developed by the Michigan Economic Development Corporation (MEDC) connecting buyers to suppliers of Michigan goods and services. Michigan companies can sign up for free to access this premier business-to-business (B2B) network and be introduced to opportunities to expand their supply chain within the state and access Michigan service providers, including pro bono and discounted services, such as legal, accounting, Web development, logistics, and human resource assistance. Growing second-stage companies are also encouraged to explore PMBC and apply to the Economic Gardening program, which offers powerful resources to launch companies into the next stage of growth at no additional cost to those who qualify.
- Capital: Starting a company involves a unique set of challenges, and raising money is perhaps the most crucial. Michigan Economic Development Corporation (MEDC) works to increase the availability of capital for companies in Michigan at every stage of company development. MEDC can help connect your business with capital providers – federal grants, venture capitalists, banks, and others – as well as offer programs that can expand the reach of those capital providers. Funds for all programs have different eligibility requirements, though all require the company be headquartered in Michigan and that the majority of the employees be based in Michigan.
- Talent: Michigan has one of the richest talent pools in the country. Our high-tech workforce is the fourth largest in the country with more than 87,000 engineers, 70,000 R&D professionals, and 75,000 skilled tradespeople.
- Business Assistance (start-up): Michigan is committed to your business success. From operating guidance to capital funding to technology assistance, the resources below can help your business start-up become more than just an idea waiting to happen.
- Entrepreneurial Opportunity: Michigan is renowned for its entrepreneurial spirit and world-class innovation. No other state in the nation provides the breadth and depth of entrepreneurial support to emerging high-growth companies like Michigan.
- Export Assistance: Michigan exported over $55.7 billion worth of goods in 2014. This is due, in part, to assistance from the Michigan Economic Development Corporation (MEDC). MEDC “Matchmaking” expertise helps connect businesses with opportunities. To help open foreign markets, the MEDC has established offices in Brazil, Canada, China and Mexico.
- Site Selection: Site selection and development professionals can look to the MEDC for an impressive breadth of resources to help them find just the right property.
- Community Development: The MEDC promotes the value of community preservation by partnering in local initiatives that encourage and stimulate growth.
