Economic Development Corporation

  • Mayor Karen Weaver
  • President of the Board of Directors
  • Board Roster:
  • Mayor Karen Weaver – President
  • Donna Dodds-Hamm – Secretary
  • Michael Freeman
  • William Hammond
  • Derwin Munroe
  • Agnes Naphier

Welcome to the Economic Development Corporation


The Economic Development Corporation of the City of Flint can provide assistance with financing, property tax abatements and identifying suitable business locations.


Our Mission

  • to assist and retain local industries and commercial enterprises
  • to strengthen and revitalize the economy of the State of Michigan and particularly the City of Flint
  • to provide the means and methods for the encouragement and assistance of industrial and commercial enterprises in locating and expanding
  • to encourage the relocation and expansion of commercial enterprises to more conveniently provide needed services and facilities of the commercial enterprises to the City of Flint and residents

Meeting Schedule:

1st Tuesday of each month at 8:30 a.m.

Oak Business Center
2712 N. Saginaw Street, Flint, MI 48505
 
How to reach us:
1101 S. Saginaw Street
Flint, Michigan 48502
Phone: 810-766-7436
Fax: 810-766-7351

Hours of Operation:
Monday-Friday 9:00 am – 5:00 pm

Recent Meeting Agendas / Minutes

Agenda for January 2016 (includes Oct 2015 minutes within)
Agenda for March 2016 (includes Jan 2016 minutes within)
Agenda for May 2016 (includes March 2016 minutes within)
Agenda for June 2016 (includes May 2016 minutes within)
June 2016 Meeting Minutes
September 2016 Meeting Minutes
November 2016 Meeting Minutes
December 2016 Meeting Minutes

Economic Development Revenue Bonds

Economic Development Corporations Act, Act No. 338 of the Michigan Public Acts of 1974

Brownfield Development Authority

Brownfield Redevelopment Financing Act, Act 381 of the Public Acts (“Act”) of 1996

Revolving Loan Funds Application

Commercial Loan Application
Commercial Loan Guidelines

Small Business Financing

The purpose of the EDC’s financing programs is to provide gap financing to start up and expanding businesses. By participating cooperatively with conventional lenders, small business development can be adequately capitalized. The financing program has two components: subordinated loans and guarantees. Most types of small and medium sized businesses located in the City of Flint are eligible. However, EDC financing cannot be used to pay for work already completed, to pay off existing debt, or for real estate or housing projects.

Tax Abatement

Industrial businesses are eligible to apply for tax abatements on new investment in real and personal property. A tax abatement would reduce, by 50%, the property taxes due on this new investment. It should be noted that a tax abatement cannot reduce the existing tax liability on a property, but only limit the amount of an increase due to new investment in the property.

Obsolete Property Rehabilitation Act
PA 146 of 2000, as amended
Application and Instructions

Industrial Facilities Tax Exemption
PA 198 of 1974, as amended
Application and Instructions

Personal Property Tax Exemption
PA 328 of 1998, as amended
Application and Instructions

Commercial Rehabilitation Act
PA 210 of 2005, as amended
Application and Instructions

Industrial Revenue Bonds

Manufacturing businesses that are considering a significant investment in land, building and equipment can issue tax exempt revenue bonds through the EDC as a means to finance this type of investment. Bond issues are typically at least $1 million and cannot exceed $10 million.