CDFA is proud to announce the new CDFA.net website. A year in the making, this new site provides all of CDFA's vast resources with better style, navigation and resources. New additions to the website include state focus pages. Check out events, news, and resources available in Michigan and all that we have to offer today.

The newly-introduced $132 million Center City District project and the long-awaited Park District project, valued at $148 million in its last incarnation but recently scaled back significantly, will both be financed in part by tax increment financing, or TIF, plans. 

With the Michigan Strategic Fund (MSF) board's approval, the U-M advanced transportation Hub and Michigan Tech's advanced materials Hub will receive $1.7 million and $525,000 in funding, respectively, over a two-year period to support research projects across Michigan.

Projects expected to generate nearly $187 million in total investment and create 1,445 jobs in Michigan gained approval from the Michigan Strategic Fund.

The Michigan Senate is poised to pass legislation that would ease some of the financial burden of cleaning up brownfield sites for redevelopment. The legislation would let developers keep part of the taxes generated from businesses and residents moving in after large-scale projects are finished. 

State economic development officials and a nonprofit urban farming group have launched a crowdfunded campaign to turn a vacant Detroit building into a community resource center. The 3,200-square-foot center north of downtown will offer educational programming and event and meeting space.

A filing with the U.S. Securities and Exchange Commission will announce the formation of the state's newest venture capital fund, Grand Rapids-based Grand Ventures I LP, which is raising a maximum of $50 million to invest in very early-stage companies in Michigan and the Midwest.

The growth in locally sourced food, a market that totaled $12 billion in sales in 2014 and could reach $20 billion by 2019, coincides with rising consumer demand for healthier fresh food that is often grown organically and with environmentally friendly practices and food hubs are capitalizing on this market.

This course will consider how incentives are being used in today's economic environment and outline steps that are being taken to reduce risk and achieve better outcomes. In particular, this course will address the characteristics of well-designed incentive programs and processes to ensure meaningful impact, value, and accountability.

Join the CDFA Michigan Financing Roundtable for a special one-day Webinar. This event will feature a number of economic development finance experts from around the state discussing development finance tools, authorities, resources and approaches, and how these can affect the Michigan economy going forward.

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