# Michigan Economic Development Corporation

> Michigan Economic Development Corporation is Michigan's public-private economic development body: a statewide switchboard connecting companies, entrepreneurs, lenders, communities, talent programs and public incentives. It administers services for the Michigan Strategic Fund, markets Michigan through business and tourism campaigns, and uses grants, loans, tax tools, technical assistance and partnerships to turn private plans into Michigan jobs, investment and revived places.

- **Founded:** 1999
- **Headquarters:** Lansing, United States
- **Products:** Michigan Business Development Program, Pure Michigan Business Connect, International Trade Program, Capital Access Programs, Industry 4.0 Signature Initiative
- **Notable:** FY2025 Michigan Business Development Program agreements recorded $7.87 billion in actual qualified investment against $9.55 billion proposed., International Trade assistance generated a reported $496.1 million in export sales to 121 countries in FY2025 and more than $6.3 billion since the program was re-established in 2011., Industry 4.0 supported 952 small manufacturers through 1,459 engagements in FY2025; 70 grants totaling more than $1.5 million leveraged more than $18.5 million in manufacturer investment.

## Products & services

- **Michigan Business Development Program** — Performance-based grants, loans and other assistance for competitive projects that create Michigan jobs or investment.
- **Pure Michigan Business Connect** — A no-cost buyer-supplier matchmaking network connecting Michigan companies with local, national and global procurement opportunities.
- **International Trade Program** — Market research, matchmaking, export reimbursement and in-market support for Michigan small and midsize companies.
- **Capital Access Programs** — Loan participation, collateral support, guarantees and venture-fund investments designed to unlock private financing for Michigan businesses.
- **Industry 4.0 Signature Initiative** — Education, consulting and reimbursement grants helping small and midsize manufacturers adopt technologies such as robotics, data analytics and cybersecurity.
- **Small Business Support Hubs** — A statewide network of 27 hubs providing technical assistance, training and business-development services.
- **Public Spaces Community Places** — A crowdfunding match program for community-led parks, trails, public art and gathering spaces, administered with the Michigan Municipal League and Patronicity.
- **Redevelopment Ready Communities** — No-cost certification, technical assistance and site-readiness support for Michigan municipalities.
- **Pure Michigan and business marketing** — Tourism, talent and business-attraction campaigns that market the state nationally and internationally.

## Achievements

- FY2025 Michigan Business Development Program agreements recorded $7.87 billion in actual qualified investment against $9.55 billion proposed.
- International Trade assistance generated a reported $496.1 million in export sales to 121 countries in FY2025 and more than $6.3 billion since the program was re-established in 2011.
- Industry 4.0 supported 952 small manufacturers through 1,459 engagements in FY2025; 70 grants totaling more than $1.5 million leveraged more than $18.5 million in manufacturer investment.
- Public Spaces Community Places had supported 421 projects with more than $14 million in MEDC matching funds by the end of FY2025.
- The FY2025 placemaking portfolio reported $1.62 billion in proposed downtown private investment and 4.23 million square feet of space to be revitalized.
- MEDC is one of two U.S. state agencies identified by the organization as holding Accredited Economic Development Organization status.
- PitchMI received a 2026 Silver Excellence in Economic Development Award from the International Economic Development Council.
- Michigan's capital-conduit portfolio reported $658.7 million in private investment across 70 companies and projects as of September 30, 2025.

## Latest updates

- **2026-09** — A Team Michigan delegation pursued investment and partnerships in South Korea and Taiwan, with a focus on semiconductors, robotics, drones, shipbuilding and advanced manufacturing.
- **2026-08** — The International Economic Development Council announced a Silver award for PitchMI; MEDC said the 2025-26 competition awarded more than $2.3 million in investment capital.
- **2026-03** — MEDC and MSF published the FY2025 annual report, including $77.25 million in MEDC corporate expenditures and detailed program performance.
- **2025-10** — Michigan moved to terminate the stalled Gotion battery-materials project and seek repayment of $23.6 million after more than 120 days without eligible site activity; $125 million had not been disbursed.

## Links

- Website: https://www.michiganbusiness.org
- LinkedIn: https://www.linkedin.com/company/medc
- Twitter/X: https://www.twitter.com/MIAdvantage
- YouTube: https://www.youtube.com/user/MIAdvantage
- Instagram: https://www.instagram.com/michiganbusiness
- Facebook: https://www.facebook.com/MEDC

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Last updated: 2026-09-24