Incentives & Financing

Loan: State of Michigan Financing Package

Saginaw Future can help facilitate your loan process. The Michigan Economic Development Corporation works to increase the availability of capital for companies in Michigan at every stage of development. MEDC can help connect your business with capital providers – federal grants, venture capitalists, banks, and others – as well as offer programs that can expand the reach of those capital providers.

Category: Incentives Packaging

More Incentives Packaging

The Tax Increment Financing Authorities allows municipalities to develop districts with authority to capture taxes due to the increase in property values within a specific district that have resulted from project investments. The districts may be under the jurisdiction of a Downtown Development Authority (DDA),... Learn More
Delta College Fast Start™ Training Program is a partnership between Delta College, Great Lakes Bay Michigan Works!, and regional businesses. Delta College Fast Start™ Training Programs have operated to meet employer workforce training need on a “just in time” basis with job placement rate as... Learn More
The Good Jobs for Michigan legislation created new tools that encourage transformational, large?scale projects in Michigan. Through this program, the MSF may authorize state withholding tax capture revenues of up to 50 or 100 percent for up to five or 10 years, depending on the... Learn More
The Great Lakes Bay Michigan Works! Is a regional organization devoted to strengthening the local economy through workforce development with funding from the federal and state government. A Business Services Team is assigned to specific industry sectors, and can save time and money in the... Learn More
The Industrial Development Revenue Bond program is tax exempt financing for fixed asset purchases. The Saginaw County Economic Development Corporation (EDC) authorizes issuance of the bonds sold to single or multiple investors. The Michigan Economic Development Corporation (MEDC), also has a statewide program to issue... Learn More
The Michigan Business Development Program is available from the Michigan Strategic Fund (MSF), in cooperation with MEDC. The program is designed to provide grants, loans or other economic assistance to businesses for highly competitive projects in Michigan that create jobs and/or provide investment. Learn More
MEDC, on behalf of the Michigan Strategic Fund (MSF), administers the Community Development Block Grant (CDBG) program. CDBG is a federal grant program utilizing funds received from the U.S. Department of Housing and Urban Development (HUD). Funds are used to provide grants to eligible counties,... Learn More
MCRP is a program available from the MSF, in cooperation with MEDC, designed to promote community revitalization that will accelerate private investment in areas of historical disinvestment, contribute to Michigan’s reinvention as a vital, job?generating state, foster redevelopment of functionally obsolete or historic properties, reduce... Learn More
The Michigan New Jobs Training Program, MNJTP, at Delta College is a valuable resource to provide workforce training and development for businesses who locate or expand in Saginaw County. Tax dollars normally paid to the State of Michigan in payroll withholding tax are used to... Learn More
The OPRA (P.A. 146) incentive essentially allows property owners that are proposing a building renovation to "freeze" a portion of their real property taxes on the current property's value for a period of up to 12 years. Only commercial property or commercial housing property is... Learn More
Saginaw County’s townships, villages and cities are very familiar with Industrial Facilities Exemption certificates and most have been supportive of this incentive for new and expanded facilities. The P.A. 198 tax abatement program provides a 50% abatement on real property for up to 12 years... Learn More
This incentive is a tax freeze on real property improvements for a commercial property for a 1 to 10 year period and the decision to provide the tax abatement and the term is decided by the local municipality. The local government establishes a District (geographic... Learn More
The State Essential Services Assessment is required for manufacturers that do not pay personal property tax on eligible manufacturing personal property. The MSF, in certain circumstances, may choose to exempt or reduce the Assessment for projects that create jobs and/or private investment in Michigan through... Learn More
Consumers Energy provides substantial business energy savings rebates that are available for achieving energy efficiency in both existing and new buildings. Consumers Energy can assist with energy audits and a walk through to identify potential energy efficiency projects. Learn More
The ECM RLF provides gap financing/credit at reasonable rates to small and medium size businesses in Bay and Saginaw Counties. Target loans average $25,000 to $100,000 although the maximum loan is dependent on the fund balance. Loan terms will be negotiable with a maximum of... Learn More
Saginaw Future can help facilitate your loan process. Start or expand your business with loans guaranteed by the Small Business Administration. Use Lender Match to find lenders that offer loans for your business. Learn More
Lean & Green Michigan™ helps commercial, industrial, multifamily, nonprofit, and agricultural property owners finance energy efficiency, water conservation, and renewable energy projects that are profitable for all parties – property owners, contractors, and local governments. Click here for more info! Learn More
Local Blue Water Angels is a network of more than 30 high-net worth individuals and select organizations interested in investing capital in promising companies with the expectation of receiving a substantial return on their investment. While ROI is absolutely the primary goal for BlueWater Angels (BWA),... Learn More
Saginaw Economic Development Corporation (SEDC) is a loan fund available for projects within the City of Saginaw. New investment and job creation is essential. Funds may be used for fixed capital or inventory purchase and are subordinate to bank financing. Learn More