Thursday, June 9, 2011

Michigan Grants for New Business

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Starting up a business can be a problem. Handful of grant possibilities exist for startup organizations, which is why most business people safe funding by means of loans and enterprise money. In Michigan, some capital is accessible via grant funding. The authorities supports very low-curiosity loans for new companies, and it offers funding to assist produce new markets.

Funds Access Plan

Michigan tends to make cash obtainable for new and expanding nearby corporations by way of the Cash Access System. Whilst not technically a grant, this reduced-curiosity loan Plan gives help for new organizations. As opposed to other federal and state business grant plans, this System is offered to a assortment of new companies. The state seeks to create tiny companies based mostly in Michigan by offering money assets. The state has contributed $24.one million in financing by means of this System as of 2009, in accordance to the Michigan Financial Advancement Corporation (MEDC) site. The MEDC states this financing has enabled financial institutions to lend about $628.seven million to new and expanding organizations. As of 2009, 54 Michigan financial institutions take part in the Funds Access System, and they figure out eligibility for lower-curiosity loans.

Funds Access Method

Michigan Financial Growth Corporation

300 N. Washington Square

Lansing, MI 48913

517-373-9808

michiganadvantage.org

Scrap Tire Market Advancement Grant

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The Scrap Tire Market Growth Grant is meant to spur the development of a scrap tire recycling Market in Michigan. The Michigan Division of Organic Assets administers the grant, which is created to create a viable market of items designed from scrap tires that can be utilized in street building. This grant Method offers financing for gear and supplies, study, Growth and screening of scrap tire items more than the state. Grant quantities usually are only a portion of the funded project's costs. This Plan was approved initially in 1994 via the state's Organic Assets and Environmental Safety Act.

Scrap Tire Regulatory Method

Waste and Hazardous Supplies Department

Division of Normal Assets and Environment

P.O. Box 30241

Lansing, MI 48909-7741

517-373-4738

michigan.gov

Modest Business Pollution Prevention System

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The Michigan Section of Normal Assets supports efforts by tiny organizations to handle and reduce pollution via a revolving loan System referred to as the Modest Business Pollution Prevention (P2) Method. It gives very low-curiosity funding to organizations looking for to put into action tasks that reduce unfavorable influence on the environment. Organizations can implement for this loan straight by means of the state company, While the company functions by means of personal loan companies to obtain the loan. The System focuses on jobs that support a business's bottom line, this kind of as techniques to upgrade power effectiveness.

Modest Business P2 Loan Method

Pollution Prevention Section

Michigan Section of Normal Assets

PO Box 30457

Lansing, MI 48909-7957

800-662-9278

michigan.gov

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