Financial incentives are a key factor in determining your business location. BCU will guide you through various state and local funding opportunities with favorable rates and negotiable terms to customize an incentive package that will reduce start-up costs and help your company grow competitively without putting a strain on your bottom line.
Here are just a few of the reasons why doing business in Battle Creek, Michigan can work for you:
The Direct Investment Fund’s primary purpose is to stimulate economic growth and support direct job creation/retention in the City of Battle Creek. The Direct Investment Fund is used to support the economic development objectives of the City of Battle Creek and its designated economic development agencies.
The Direct Investment Fund is a gap financing measure primarily used for the development and expansion of small business. A key objective of the Direct Investment Fund is to provide financial support and/or to enhance financial support to eligible businesses, especially those that may not otherwise have access to traditional financing resources. The Direct Investment Fund exists to supplement and leverage, rather than compete with, private, non-profit and public sector financial support. All loans require collateral and the personal guaranty of the primary owner/co-owners. The Direct Investment Fund does not participate in equity investment or make grants.
A Direct Investment Fund committee exists and is responsible for the review of applications and determination of provisions for financial support following due diligence conducted by Battle Creek Unlimited staff. The final decision for funding is determined by a majority vote of a quorum of the Direct Investment Fund committee. Contact Brenda Whited for additional information.