Michigan Site Readiness Site Improvement Program: MEDC is Currently Accepting Applications
A “vetted site”, sometimes also referred to as a “shovel-ready site”, is more appealing to a potential developer and moves to the ‘short list’ when companies are selecting a site location. When choosing a location for a new facility, companies typically rely on existing site location evaluations and Infrastructure Development Plans that highlight a community’s strengths with respect to the labor force, transportation access, and utility service capabilities; these tools help them to make a decision that will ultimately expedite the time frame for beginning operations while reducing the associated risk.
To make Michigan industrial sites more competitive for business attraction or expansion, the Michigan Economic Development Corporation (MEDC) is offering funding to local and regional economic development or community partners to demonstrate a pathway to a “vetted site”. Grant funds available through the Michigan Site Readiness Site Improvement Program may be used for, but are not limited to, the following types of activities:
· Pre-engineering and feasibility studies for needed infrastructure or site improvements
· Site material development (aerial photos/videos, maps, topos, etc.)
· Site deficiency action plan development
· Site infrastructure design and engineering
· Land assembly activities (purchase options, administrative)
· Specialized marketing support
· Grant matching funds for other grants funding site development activities
With a maximum grant available of $100,000 per site, applications are due June 1, 2019.
If you are interested in applying for this grant or are interested in other ways to fund economic development initiatives in your community, please contact Danielle Yoon at email@example.com or at 616.464.3737.