MEDC Creates Urban Land Fund

Thursday, 12 February 2009, 14:41 | Category : Community Development, Detroit Investment Fund, MEDC, Main Street, Urban Retail Loan fund
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The Michigan Economic Development Corporation (MEDC) and the Detroit Investment Fund, announced the creation of the Detroit Urban Retail Loan Fund.  This is a revolving fund of $5 Million focused on providing lending support to small and medium sized storefront (retail) businesses in Detroit’s Midtown, Downtown, Riverfront, Eastern Market and Corktown.  Loans will range from [...]