Learn More about CDFI's and Small Business Resources in Michigan see here
While the federal government does not provide grants for starting or growing small businesses, one of the mechanisms in place to promote small business growth and economic development is the Community Development Financial Institution Fund managed by the US Department of the Treasury.
Community Development Financial Institutions fall into four categories:
Bay Mills Housing Authority
CapFund New Markets LLC
Capital Fund Services, Inc.
Communicating Arts CU
Invest Detroit CDE
Little Traverse Bay Bands of Odawa Indians
Michigan Housing Trust Fund
Michigan Magnet Fund
Neighborhoods Inc. of Battle Creek
Northern Shores Loan Fund, Inc.
Port Huron CDE, LLC
Shorebank BIDCO, Inc.
Wayne County - Detroit CDE
The Federal and State Technology Partnership Program works around the objective of being able to boost and strengthen the technological competitiveness of small business establishments in the United States of America.
The Small Business Administration has established the Loan Guarantees Program wherein they aim to be able to provide guaranteed loans to small business establishments which are not capable of acquiring financing from a private credit marketplace but greatly manifests the ability to repay funds in a timely manner.