The Macomb County Economic Development Corporation was established as a tool for aiding in the retention, expansion and attraction of businesses and jobs in Macomb County. The EDC, which is staffed by MCPED, serves as manufacturers’ or other technology-based business’ means to accessing special purpose financing. The principal function of the EDC is to provide approval for the issuance of tax-exempt Industrial Development Revenue Bonds. The IDRB allows qualified businesses to finance the purchase of new machinery and equipment, and/or construct a new facility or rehabilitate an existing one, all while borrowing money at an exceptionally low interest rate.

Manufacturers’ planned investments of $2 million (but not exceeding $10 million in any one location) for the acquisition of fixed assets will generally qualify for IDRB financing. The Macomb County EDC can also facilitate tax-exempt bond financing for non-profit organizations with 501(c)(3) status that are planning to construct a new building or making capital improvements to an existing building. If your business plan includes new investment in fixed assets, your call or e-mail to the EDSG will help you to determine whether IDRB financing, or access to some other investment mechanism available through our group, is right for you.