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Projects of greater scale often involve a very complex ‘capital stack’. For example, the repositioning of an industrial site might require any of the following types of funding: federal brownfields funding, federal infrastructure monies, local participation through tax increment financing, enterprise zone incentives, equity (private or developer), debt (construction loan and long-term financing from commercial banks or the debt markets) and New Markets Tax Credits. GLCF and DFG both have extensive experience in working with and securing capital from federal agencies, which may be necessary to fund portions of projects meeting their respective criteria.

GLCF and DFG have very strong relationships with federal agencies such as Housing and Urban Development (HUD), the Department of Commerce, the U.S. Treasury Department (Community Development Fund Institute – CDFI), the Department of Energy, U.S. Department of Agriculture (USDA) and the U.S. Department of Transportation. These are all departments with funding programs related to the types of projects we anticipate financing. Develop Michigan provides substantial added value to the process given its team’s extensive internal capacity to identify, access and structure other external investment dollars. Securing other federal, state, local and foundation dollars for complex projects augments the ability of Develop Michigan to close challenging investments and enhances the overall effectiveness of Develop Michigan.

Develop Michigan 1118 S. Washington • Lansing, MI 48910  • Tel: (517) 364-8951  • info@developmichigan.net
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