Business Incubator Program

This program received $1.25 million in appropriations in fiscal 2009. It is a relatively new line item, and there is very little language in the appropriations bill to describe its purpose. Generally speaking, however, business incubator programs provide resources and services to companies that are in the earliest stages of development in an attempt to increase the probability that they become viable entities. According to the MEDC Web site, in language based on the appropriations bill: "[T]he MEDC will be responsible for distributing the funds on a competitive basis to business incubator programs in Berrien, Genesee, Macomb, Washtenaw and Wayne counties. Aside from geographic location, the awarding criteria includes that the incubators be operational as of October 1, 2008 and that they submit comprehensive business plans that demonstrate sustainable operating capacity."[70]

[70] "Business Incubator Request for Proposals," (Michigan Economic Development Corp., 2009), ContentId=83141fd4-1703-48db-8c5e-2b807b02449c (accessed August 24, 2009).