MSHDA took the following action at its board meeting last week:
1. Approved through another delegated authority process 8 projects participating in the 9% Exchange Program and three participating in the 9% Equity Support Program.
2. Approved changes in the 9% Equity Support Program increasing the pricing support by 10 cents to 35 cents or higher if necessary [...]
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 [...]
The State Historic Preservation Office in conjunction with MSHDA and its Main Street Center will be providing Cultural Economic Development plans for Boyne City, Calumet, Marshall & Niles.
The plans will help these cities in their ongoing activities to revitalize their downtowns by using cultural assets to create jobs, bring investment into their communities and enhance [...]
