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  • MICHIGAN BUSINESSDEVELOPMENT PROGRAM

    August 2015

  • www.michiganbusiness.org | 3

    REGION LOCATIONS

    KEWEENAWW

    ONTONAGON

    GOGEBICIRON

    BARAGA

    MARQUETTE

    DICKINSON

    MENOMINEE

    DELTA

    ALGERSCHOOLCRAFT

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    PRESQUE ISLECHARLEVOIX

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    BENZIE GRAND TRAVERS

    KALKASKA CODA ALCONA

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    MASON LAKE OSCEOLA CLARE GLADWINARENAC

    HURON

    MIDLAND

    TUSCOLA SANILAC

    LAPSHIAWASSEE

    GRATIO AGINAW

    GENESEE

    MECOSTANEWAYGO

    OCEANA

    OTTAWA

    MONTCALM

    IONIA CLINTON

    EATOLIVINGSTON

    ALLEGAN

    VAN BUREN JACKSON

    BERRIEN CASS ST. JOSEPH BRANCH HILLSDALE WEE MONROE

    HOUGHTON

    ISABELLA

    MUSKEGON

    GHAM

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    Upper Peninsula

    Northwest

    Northeast

    West Michigan

    East Central Michigan

    East Michigan

    South Central

    Southwest

    Southeast Michigan

    Detroit Metro

    Michigans economy is reinventing itself to meet 21st century demands

    and attitudes. New industries, expanded manufacturing capabilities,

    and an invigorated sense of community commitment are driving

    significant job growth and capital investment.

    The Michigan Economic Development Corporations (MEDC) Michigan

    Business Development Program (MBDP) plays a crucial role in the states

    economic reinvention by providing grants, loans or other assistance to

    businesses for highly competitive Michigan projects. This initiative is

    transforming Michigan communities through commercial development

    that would otherwise not occur or be lost to competitors.

    The following success stories highlight the breadth and depth of

    MBDP projects. Each is a snapshot of the programs influence on the

    project and local impact, and taken as a whole, illustrates the strong role

    MBDP is playing in Michigans economic resurgence.

    MEDCs Business Development Program is changing the way businesses

    do business in Michigan.

  • www.michiganbusiness.org | 54 |

    BUILD YOUR BUSINESSThe MEDC has partnered with the Michigan Small

    Business Development Center (MI-SBDC) to ensure

    that the right expertise is available to help businesses

    draft proposals, raise capital, or gain critical business

    management skills. Entrepreneurs and small business

    owners rely on MI-SBDC to provide no-cost business

    counseling, low-cost business workshops and market

    research. www.sbdcmichigan.org

    GROW YOUR BUSINESSMEDC helps Michigan companies find domestic and

    international buyers with immediate needs for their

    expertise and products, providing near term business

    growth. Pure Michigan Business Connect (PMBC) helps

    Michigan companies find buyers through matchmaking

    and summit events, while the Pure Michigan State

    Trade Export Promotion (STEP) program helps Michigan

    businesses become exporters, expanding their reach

    into new global markets.

    www.michiganbusiness.org/grow

    Michigans statewide network of Procurement Technical

    Assistance Centers (PTACs) help companies compete

    in the complex world of state and federal government

    contracting. www.ptacsofmichigan.org

    LOCATE YOUR BUSINESSMichigan welcomes business investment from around the

    world.

    We connect with expanding businesses and help them

    understand the benefits of a Michigan location. Growing

    businesses are supported with resources to identify

    real estate, talent, and other requirements that assure

    successful expansions that create high quality jobs.

    www.michiganbusiness.org/site-selection/choose-

    michigan

    Through our programs and network of partners, our business development team works to ensure that Michigan is a great place to build a business or expand an existing one.

    MICHIGAN ECONOMIC DEVELOPMENT CORPORATION BUSINESS DEVELOPMENT PROGRAM

    BASIC REQUIREMENTS: Project not started

    QNJ and base

    Financing

    Local support

    Announcement

    CONSIDERATIONS Out-of-state competition

    Jobs/investment/wages/benefits

    ROI

    Timing

    Site (distressed/core/reuse)

    Previous incentives

    Tax structure

    Not retail/retention

    Company diversification

    Links to Michigan suppliers

    PROCESS Offer accepted

    Application completed

    Due diligence completed

    Terms accepted

    Project approval

    Agreement executed

    Disbursements

    The Michigan Business Development Program (MBDP)is designed to provide assistance to companies for highly competitive projects that create jobs and provide investment in Michigan. The incentiveis a cash grant or loan that will be disbursed based on performance

    MICHIGAN ECONOMIC DEVELOPMENT CORPORATION BUSINESS DEVELOPMENT PROGRAM

  • www.michiganbusiness.org | 76 | Business Development Program

    BUSINESS DEVELOPMENT PROGRAM SUCCESS STORIES

    Anchor Coupling, Inc. Menominee, MI

    Michigan Strategic Fund Action: Michigan Business Development $1 million performance-based grant

    Total Capital Investment: $9 millionNew Jobs in Michigan: 110

    New expansion is connecting Menominee with new jobs.

    Anchor Coupling, Inc., a manufacturer of pressure hydraulic hose and coupling assemblies for small and large original

    equipment manufacturers, expanded its Menominee manufacturing facility.

    Michigan Strategic Fund approval of a $1 million Business Development Program performance-based grant not only made

    the expansion possible, but also allowed the company to renovate a 140,000 square-foot building adjacent to the existing

    manufacturing facility, creating more than 110 new jobs.

    Cooper Standard Fairview Comins Township, MI

    Michigan Strategic Fund Action: Michigan Business Development $1 million performance-based grant

    Total Capital Investment: $6.3 millionNew Jobs in Michigan: 177

    New manufacturing jobs are coming to Oscoda County.

    Cooper Standard Fairview, a global automotive supplier of body sealing, fuel, brakes, emissions, and thermal management,

    expanded its existing Comins Township facility.

    Michigan Strategic Fund approval of a $1 million Business Development Program performance-based grant not only made this

    expansion possible, but it also aided in the purchase of new machinery and equipment.

    The project will create 177 new jobs, greatly impacting the community.

    Avon Protection SystemsCadillac, MI

    Michigan Strategic Fund Action: Michigan Business Development $100,000 performance-based grant

    Total Capital Investment: $925,500New Jobs in Michigan: 29

    Cadillacs economy is now breathing a little easier.

    Avon Protection Systems, a manufacturer of respiratory protection system

    technology for the military, law enforcement and firefighting, now calls

    Michigan home.

    Michigan Strategic Fund approval of a $100,000 Business Development

    Program performance-based grant helped convince the company to

    relocate all its current and future manufacturing from their Georgia facility

    to Cadillac, creating 29 new jobs.

    Herbruck Poultry Ranch, Inc. Saranac, MI

    Michigan Strategic Fund Action: Michigan Business Development $500,000 performance-based grant

    Total Capital Investment: $3.4 millionNew Jobs in Michigan: 53

    Sometimes its good to have too many hens in the henhouse.

    Herbruck Poultry Ranch, Inc., is a family-owned retail and food service egg producer for local, regional and national customers.

    To meet the needs of the marketplace, the company had the opportunity to expand its organic and cage-free egg production.

    Michigan Strategic Fund approval of a $500,000 Business Development Program performance-based grant supported the

    companys plan to expand its existing operations, creating 53 new jobs.

    As an important employer in Ionia County, this project means more jobs for area residents for years to come.

    Region 1

    Region 2

    Region 3

    Region 4

    BUSINESS DEVELOPMENT PROGRAM SUCCESS STORIES

  • www.michiganbusiness.org | 98 | Business Development Program

    Suniva, Inc. Saginaw, MI

    Michigan Strategic Fund Action: Michigan Business Development $2.5 million performance-based grant

    Total Capital Investment: $12.23 millionNew Jobs in Michigan: 350

    Saginaws economic forecast is getting brighter.

    Suniva, Inc. is the countrys only high-efficiency solar cell manufacturer. Michigan Strategic Fund approval of a $2.5 million

    Business Development Program performance-based grant facilitated the companys plans to build a new state-of-the-art

    manufacturing facility in Saginaw.

    The plan will create 350 new jobs, not only providing a major boost to Saginaws economy, but also triggering an immense

    ripple effect to outlying communities where workers live and spend.

    Rassini Brakes, LLCMt.Morris, MI

    Michigan Strategic Fund Action: Mich