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 Value-Added Producer Grants program is geared towards helping the Independent Producers of Agricultural Commodities, Agriculture Producer Groups, Farmer and Rancher Cooperatives, and Majority-Controlled Producer-Based Business Ventures in developing techniques that would create marketing opportunities and establish business plans involving viable marketing opportunities that involve the production of bio-based products from agricultural commodities.
A Community Development Credit Union, more commonly known as a CDCU, is a credit financial institution which owned and controlled by its members in an effort to sustain the ability of being able to provide a wide array of financial services.