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Michigan Business Development Program (MBDP)
General · Michigan Economic Development Corporation / Michigan Strategic Fund · MI
The Michigan Business Development Program is a performance-based grant or loan from the Michigan Strategic Fund for businesses that create new jobs or make new investment in Michigan, typically expansions of more than 25 new jobs. It's not a fixed cash payout — award amounts are negotiated and tied to job-creation milestones.
The Michigan Business Development Program (MBDP) is a performance-based funding program run by the Michigan Economic Development Corporation and the Michigan Strategic Fund. Rather than handing out a lump-sum cash grant upfront, MBDP structures its support as a grant or loan tied to negotiated milestones — meaning the business must actually create jobs and/or make new investment in Michigan before funds are released. This structure protects public funds while giving businesses a real incentive to follow through on growth plans.
MBDP is aimed at businesses that are expanding in Michigan, generally by adding more than 25 new jobs and/or making qualified new investment in facilities, equipment, or operations. Because the award amount is negotiated case-by-case and tied to how many jobs are created and how quickly, there is no fixed dollar figure attached to this program — each deal is unique.
For a small-business owner considering expansion, relocation, or a significant hiring push in Michigan, MBDP is worth exploring as a potential source of gap financing or an incentive layered on top of other capital. Because it is performance-based, businesses should be prepared to document job creation and investment over time, and to negotiate terms directly with the Michigan Strategic Fund.
Deadlines are not fixed on a calendar — applicants should check current funding rounds. As with any economic development incentive, businesses should confirm current award structures, eligibility thresholds, and application timing directly at the official Michigan Business site before applying, since program details can change from year to year.
Who qualifies
How to apply
Questions people ask
Is MBDP a grant or a loan?
It can be structured as either a performance-based grant or a loan from the Michigan Strategic Fund, depending on the deal.
Do I have to repay the money?
If structured as a loan, yes; if structured as a grant, generally no, but terms are negotiated case-by-case — confirm at the source.
Who is eligible?
Businesses creating qualified new jobs and/or making qualified new investment in Michigan, generally expanding by more than 25 new jobs.
How much money can I get?
There is no fixed amount — awards are negotiated and tied to job-creation milestones.
What's the deadline to apply?
There is no fixed deadline listed; check current funding rounds at the official site.
Where do I apply?
Through the Michigan Economic Development Corporation at michiganbusiness.org/services/mbdp/.
Is this only for Michigan businesses?
Yes, it's a Michigan state program for businesses expanding within Michigan.
Is the funding released all at once?
No, funds are released as job-creation and investment milestones are met.
Who runs this program?
The Michigan Economic Development Corporation and the Michigan Strategic Fund.
Is the award taxable?
This is not specified in the available information; confirm at the source.
What size of expansion qualifies?
Generally expansions creating more than 25 new jobs, per the eligibility criteria given.
Can I negotiate my award terms?
Yes, awards are described as negotiated and performance-based.
Opportunity number: not published. Source: curated + verified (official state source, 2026). GetFundedUSA is independent and not affiliated with Michigan Economic Development Corporation / Michigan Strategic Fund; always confirm current deadlines, amounts and eligibility on the sponsor's own page before applying.