Invest Detroit will spread funding from the $4.2 million, two-year First Capital Fund across the state. Invest Detroit intends to meet regularly with Michigan's 17 SmartZone business incubators to make sure the program represents the entire state.

The automaker said the investment would create more than 2,000 production-related jobs, but the production plans in Ohio and Michigan are "subject to the negotiation and final approval of incentives by state and local entities."

Officials say they don't expect criminal charges against former Flint leaders stemming from the city's participation in the Karegnondi Water Authority pipeline to impact the project or its bonds. Flint has pledged to repay about 34% of the $220 million 2014 issue and Genesee County is on the hook for the remainder.

Ford has announced that it will cancel the production of a $1.6 billion plant in Mexico, and will instead invest $700 million in Flat Rock, Michigan. The U.S. auto giant said it will add 700 direct new jobs in Flat Rock.

At its final meeting of 2016, the Michigan Strategic Fund board approved a range of projects including a new Amazon warehouse, downtown Dearborn development, a Lipari Foods facility, Stryker expansion, community revitalization projects, support for four Flint grocery stores, and more.

The bonds will be secured by the university's general revenues -- which do not include state appropriations or other restricted funding streams. The move means lower financing costs on the debt, and the U-M deal will allow Metro access to financing for growth.

Ford's plan for a $60-million mixed-use development on a large swath of downtown Dearborn's west side won a package of incentives Tuesday from the State of Michigan. The Michigan Strategic Fund approved a local and school tax capture in the amount of more than $31 million to aid the project.

A major tax incentive proposal touted by Detroit businessman Dan Gilbert as a way to spur urban "transformational" redevelopment projects around the state died quietly Wednesday during the Michigan Legislature's so-called lame-duck session.

The Fundamentals WebCourse is the foundation for all of CDFA's educational offerings. This course will help you understand the variety of development finance tools available, from bonds, tax credits and TIF, to federal financing programs, RLFs, and access to capital lending resources.

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