Michigan Business Development Program - 186-0500-17

Description of Agency

The Michigan Business Development Program (MBDP) is an incentive program established to provide grants, loans, and other economic assistance to qualified businesses that make qualified investments or provide qualified new jobs in Michigan. MBDP is available through the Michigan Strategic Fund (MSF), in cooperation with the Michigan Economic Development Corporation.

Audit Objectives

  1. To assess the sufficiency of MSF’s due process for awarding MBDP projects.

  2. To assess the effectiveness of MSF’s efforts to monitor MBDP project agreement compliance.

  3. To assess MSF’s compliance with MBDP statutory reporting requirements.

  4. To assess the sufficiency of MSF’s efforts to evaluate MBDP’s economic development outcomes.


Timing

Estimated Release Date: Mid 2018


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