The Michigan Economic Development Corp. has unveiled a new program it says will help communities attract businesses to available properties across the state.
In the program, the MEDC will provide up to $100,000 in grant funding to a community or public entity to assist with the development or enhancement of industrial sites to make them more competitive for site selection.
The MEDC is accepting applications for the $1.5 million Site Readiness Program through May 1.
“This grant program is a key component of collaborating with local partners to highlight the strengths of available sites throughout the state and ensure Michigan is investing in site readiness across our communities,” MEDC CEO Jeff Mason said in a statement. “The resources provided through the Site Readiness Program underscore the innovative approaches we are taking to foster business creation and expansion here in Michigan.”
The Michigan Site Readiness Program aims to give cities in Michigan a competitive advantage in attracting businesses and expansion projects, according to the MEDC. The program also established vetted site standards, a voluntary resource that provides a roadmap for helping Michigan sites achieve “shovel ready” status, including appropriate planning and zoning, boundary survey, environmental conditions and more.
Grant funds under the program can be used for site development studies or site material development, site implementation or land assembly activities, among other uses.
The MEDC has also launched an updated landing page for site selectors, serving as a “one stop shop” for site selector needs.