Business Incubator Request for Proposals (RFP)
In August 2008, the Michigan Legislature appropriated $1,250,000 to the business incubator program through the Michigan Strategic Fund. According to the enabling legislation (HB 5812/P.A. 261), the MEDC will be responsible for distributing the funds on a competitive basis to business incubator programs in Berrien, Genesee, Macomb, Washtenaw and Wayne counties. Aside from geographic location, the awarding criteria includes that the incubators be operational as of October 1, 2008 and that they submit comprehensive business plans that demonstrate sustainable operating capacity. Awards shall be announced by March 31, 2009. At the most, only one (1) award will be granted per county, and it is anticipated that no proposal receives more than $250,000.
