bdp success booklet

MICHIGAN BUSINESSDEVELOPMENT PROGRAM

August 2015

www.michiganbusiness.org | 3

REGION LOCATIONS

KEWEENAWW

ONTONAGON

GOGEBICIRON

BARAGA

MARQUETTE

DICKINSON

MENOMINEE

DELTA

ALGERSCHOOLCRAFT

LUCE

MACKINAC

CHIPPEWA

EMMETCHEBOYGAN

PRESQUE ISLECHARLEVOIX

ALPENA

MONTMORENCYOTSEGANTRIM

LEELANAU

BENZIE GRAND TRAVERS

KALKASKA CODA ALCONA

IOSCOOGEMAWROSCOMMONUKEEWEXFORMANISTEE

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

KALAMAZOO CALHOUN WASHTENAW WAYNE

OAKLAND

MACOMB

ST. CLAIR

BAY

CRAWF

BARRY

1

SE

KALKA

MISMISSMISSAURD2

TMGO

OSCORD3

KENT

4MIDLAND

OT SA5 A SAN

PEER S

6CLINTON

ON ING7

ON

LENAW

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9

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5

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3

7

2

6

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4

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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