As of April 11, 2013, the following projects have been approved by the Michigan Strategic Fund.
GULF SHORE INVESTMENTS, LLC – Performance Based Grant
| Approval Date: | | 03/27/2013 |
| Location: | | Bay City |
| Project Investment: | | Up to $7.73 million |
| Projected Jobs: | | 30 new jobs |
| Projected Grant Amount: | | Up to $1 million |
GRAND RAPIDS DOWNTOWN MARKET HOLDINGS, LLC – Loan Participation
| Approval Date: | | 02/27/2013 |
| Location: | | Grand Rapids |
| Project Investment: | | Up to $30.2 million |
| Projected Jobs: | | 295 new jobs |
| Projected Loan Amount: | | Up to $3,000,000 |
PARKLAND MUSKEGON, INC. – Performance Based Loan
| Approval Date: | | 02/27/2013 |
| Location: | | Muskegon |
| Project Investment: | | Up to $10.7 million |
| Projected Jobs: | | 2 new jobs |
| Projected Loan Amount: | | Up to $1,950,000 |
521, LLC – Performance Based Grant
| Approval Date: | | 02/21/2013 |
| Location: | | Village of Spring Lake |
| Project Investment: | | Up to $440,162 |
| Projected Jobs: | | 9 new jobs |
| Projected Grant Amount: | | Up to $70,535 |
1205 WEST FULTON, LLC – Performance Based Grant
| Approval Date: | | 02/20/2013 |
| Location: | | Grand Rapids |
| Project Investment: | | Up to $1.23 million |
| Projected Jobs: | | 5 new jobs |
| Projected Grant Amount: | | Up to $207,190 |
HEART OF HOWELL, LLC – Performance Based Grant
| Approval Date: | | 01/30/2013 |
| Location: | | Howell |
| Project Investment: | | Up to $2.49 million |
| Projected Jobs: | | 19 new jobs |
| Projected Incentive Amount: | | Up to $375,868 |
WHITNEY PARTNERS, LLC – Performance Based Grant/Loan
| Approval Date: | | 01/23/2013 |
| Location: | | Detroit |
| Projected Investment: | | Up to $82.5 million |
| Projected Jobs: | | 75 new jobs |
| Projected Grant Amount: | | Up to $1 million |
| Projected Loan Amount: | | Up to $7.5 million |
833 MICHIGAN STREET, LLC – Performance Based Grant
| Approval Date: | | 12/27/2012 |
| Location: | | Grand Rapids |
| Project Investment: | | Up to $5.88 million |
| Projected Jobs: | | 60 new jobs |
| Projected Incentive Amount: | | Up to $922,552 |
LOFTS ON MONROE, LLC – Performance Based Grant
| Approval Date: | | 12/06/2012 |
| Location: | | Grand Rapids |
| Project Investment: | | Up to $3.46 million |
| Projected Jobs: | | 5 new jobs |
| Projected Incentive Amount: | | Up to $475,000 |
618 SOUTH MAIN, LLC – Performance Based Loan
| Approval Date: | | 11/28/2012 |
| Location: | | Ann Arbor |
| Project Investment: | | Up to $37 million |
| Projected Jobs: | | 6 new jobs |
| Projected Incentive Amount: | | Up to $3 million |
VERIDEA GROUP, LLC – Performance Based Loan
| Approval Date: | | 11/28/2012 |
| Location: | | Marquette |
| Project Investment: | | Up to $9.1 million |
| Projected Jobs: | | 18 new jobs |
| Projected Incentive Amount: | | Up to $1.9 million |
614 FIRST STREET PARTNERS, LLC – Performance Based Grant
| Approval Date: | | 11/14/2012 |
| Location: | | Grand Rapids |
| Project Investment: | | Up to $8 million |
| Projected Jobs: | | 0 new jobs |
| Projected Incentive Amount: | | Up to $1 million |
DETROIT MUTT, LLC – Performance Based Grant
| Approval Date: | | 10/23/2012 |
| Location: | | Detroit |
| Project Investment: | | Up to $486,414 |
| Projected Jobs: | | 2 new jobs |
| Projected Incentive Amount: | | Up to $38,000 |
SHIAWASSEE CENTER – Performance Based Grant
| Approval Date: | | 10/23/2012 |
| Location: | | Owosso |
| Project Investment: | | Up to $6.7 million |
| Projected Jobs: | | 2 new jobs |
| Projected Incentive Amount: | | Up to $446,000 |
SHERBROOKE LAND COMPANY, LLC – Performance Based Grant
| Approval Date: | | 09/26/2012 |
| Location: | | Detroit |
| Project Investment: | | Up to $3.5 million |
| Projected Jobs: | | 1 new job |
| Projected Incentive Amount: | | Up to $599,412 |
UPTOWN RDA, LLC – Performance Based Grant
| Approval Date: | | 09/24/2012 |
| Location: | | Flint |
| Project Investment: | | Up to $3.7 million |
| Projected Jobs: | | 20 new jobs |
| Projected Incentive Amount: | | Up to $625,000 |
313 EAST GRAND RIVER, LLC – Performance Based Grant
| Approval Date: | | 09/24/2012 |
| Location: | | Lansing |
| Project Investment: | | Up to $682,284 |
| Projected Jobs: | | 1 new job |
| Projected Incentive Amount: | | Up to $68,187 |
ENMAR, LLC – Performance Based Grant
| Approval Date: | | 06/25/2012 |
| Location: | | Kalamazoo |
| Project Investment: | | Up to $3.17 million |
| Projected Jobs: | | 0 new jobs |
| Projected Incentive Amount: | | Up to $425,000 |
ARCADIA BREWING COMPANY – Performance Based Grant
| Approval Date: | | 06/25/2012 |
| Location: | | Kalamazoo |
| Project Investment: | | Up to $2.3 million |
| Projected Jobs: | | 42 new jobs |
| Projected Incentive Amount: | | Up to $575,000 |
BLUE STAR 2, LLC – Performance Based Grant
| Approval Date: | | 06/22/2012 |
| Location: | | Benton Harbor |
| Project Investment: | | Up to $3.3 million |
| Projected Jobs: | | 10 new jobs |
| Projected Grant Amount: | | Up to $823,250 |
IONIA VENTURES, LLC – Performance Based Grant
| Approval Date: | | 06/11/2012 |
| Location: | | Grand Rapids |
| Project Investment: | | Up to $6.5 million |
| Projected Jobs: | | 70 new jobs including 35 fulltime |
| Projected Incentive Amount: | | Up to $361,500 |
WHOLE FOODS MARKET (ELLINGTON WF, LLC) – Performance Based Grant
| Approval Date: | | 06/04/2012 |
| Location: | | Detroit |
| Project Investment: | | Up to $14.85 million |
| Projected Jobs: | | 65 new jobs |
| Projected Incentive Amount: | | Up to $1 million |
WOODWARD THEATER, LLC – Loan Participation Proposal
| Approval Date: | | 04/17/2012 |
| Location: | | Detroit |
| Project Investment: | | $12.3 million |
| Projected Jobs: | | Up to 84 fulltime jobs |
| Projected Incentive Amount: | | Up to $750,000 |
SUPPORTING PROGRAM DOCUMENTS
