Financial Assistance
Get the funding you need to help you launch or grow your business or to fill a gap in your building project budget.
BUILD MI COMMUNITY GRANT INITIATIVE - Administered by the Michigan Economic Development Corporation (MEDC) on behalf of the Michigan Strategic Fund (MSF), this tool provides access to real estate development gap financing for small scale, incremental redevelopment projects.
CEED LENDING: Provides the tools and resources to build and maintain a successful business through the small business loan program.
CERTIFIED LOCAL GOVERNMENT GRANT PROGRAM - RESTORATION PLANNING AND DEVELOPMENT GRANTS: Supports plans and specifications, feasibility studies, historic structures reports, facade recommendations, and marketing studies for buildings listed on the National Register of Historic Places. Grants are available only through the CLG program.
CROWDFUNDING - MICHIGAN INVESTS LOCALLY EXEMPTION (MILE):
Michigan entrepreneurs have access to one of the most progressive investment crowdfunding opportunities in the nation. For those looking to start a new venture, grow an existing business, or invest in real estate, investment crowdfunding offers an effective alternative to traditional funding
CROWDFUNDING - OTHER: Crowdfunding creates new opportunities for people to invest locally. Investment crowdfunding can be a dynamic economic development tool. A multitude of crowdfunding platforms exist with various targets, including some with an economic development or real estate focus. Look to platforms like Indiegogo, Peerbackers, Funding Circle, Fundrise and more.
BUILDING IMPROVEMENT GRANT PROGRAM: The Program seeks to provide funding for projects that will enhance the aesthetics and historical character of the DDA District and assist property owners in rehabilitating and upgrading the facades and limited interior features of their buildings. Funds will be available on a first-come, first-served, and rotating basis until fully awarded for that fiscal year.
MICHIGAN COUNCIL FOR THE ARTS AND CULTURAL AFFAIRS - CAPITAL IMPROVEMENT PROGRAM:
Provides funding assistance to Michigan nonprofit arts and cultural organizations and municipalities for the expansion, renovation or construction of cultural facilities; upgrade of equipment and furnishing to provide a competitive and up-to-date environment; equipment and instrument acquisitions that are integral to the implementation of events and services
MICHIGAN COMMUNITY REVITALIZATION PROGRAM: Promotes community revitalization through the provision of grants, loans or other economic assistance for eligible projects located on properties that are either contaminated (facility), blighted, functionally obsolete or historic resources.
MONROE COUNTY BDC MATCHING FUNDS: Monroe County Business Development Corporation offers support for business growth and support, including seed funding.
MONROE COUNTY PACE ENERGY PROGRAM: Funds energy upgrades to buildings that create jobs or make properties more valuable, and helps states achieve policy goals
SMALL BUSINESS ADMINISTRATION 504 LOAN PROGRAM: Provides small businesses with long-term, fixed-rate financing to acquire major fixed assets for expansion or modernization.
USDA BUSINESS & INDUSTRY LOAN GUARANTEES: A program through the U.S. Department of Agriculture that guarantees loans for rural businesses. Certain areas of the City of Monroe do qualify for this program. Eligible uses can include business development, purchase of equipment and inventory, debt refinancing and land purchase.