Michigan's Diversification Strategy
Post Summit Process
After a company attends a state sanctioned summit, the following activities will occur:
- Company will receive a detailed survey to complete. The survey will remain open for two months, but we strongly encourage companies to promptly apply due to limited funding.
- Companies that complete surveys will be reviewed by the Michigan Economic Development CorporationSM (MEDC) and our industry experts. A company will not be deemed a viable candidate for funding for diversification by the industry experts until the survey is completed. Once completed, they will be eligible for up to $10,000 in a matching-funds grant to be used for re-training of workers and re-positioning of the company. For a preparation guide to complete the survey, click here.
- A recommendation will be made regarding the grant funding by the MEDC and the industry experts.
Click here to view a timeline diagram for the Diversification Initiative Steps Post Summit.