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      1. Michigan Economic Development Corporation
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        1. About MEDC
        2. Michigan Strategic Fund

        Michigan Strategic Fund

        The Michigan Strategic Fund (MSF) was created by P.A. 270 of 1984 and has broad authority to promote economic development and create jobs.

        MSF Board

        Governor Snyder signed Executive Order 2012-9 on June 26, 2012 abolishing the MEGA Board and transferring the various responsibilities of the MEGA to the Michigan Strategic Fund effective August 25, 2012. The MSF board has the following responsibilities: 

        • Approve grants and loans under the Michigan Business Development Program;
        • Approve grants and loans under the Michigan Community Revitalization Program;
        • Approve the use of Private Activity Revenue Bonds;
        • Authorize the submittal by local units of government of Community Development Block Grant applications;
        • Recommend to the State Administrative Board Agricultural Processing, Renewable Energy and Forest Products Processing Renaissance Zone designations;
        • Approve Tool and Die Renaissance Recovery Zones; and
        • Act as the fiduciary agent with respect to the 21st Century Jobs Fund investments;
        • Pursuant to statute, the Chief Compliance Officer provides advice and guidance in regard to the 21st Century Jobs Fund.

        COVID-19 Response:
        Applications now open for the Michigan Agricultural Safety Grant

        Apply Now

        MSF Meeting Agenda

        The Michigan Strategic Fund meets monthy in Lansing and continues to help fuel new economic activity across Michigan, strengthening our communities and creating good jobs for our residents. 

        An 11-member board has statutory authority to direct state appropriations to support business development, community development, talent enhancement and state marketing activities, including the promotion of tourism, film industry, arts and cultural affairs.

        MSF agenda160.jpg

        View the most current meeting agenda document

        Click here

        Find Additional Reports
        Browse for MSF and other reports in the Reports & Data section

        View Reports
        TEFRA notice.JPG

        View all TEFRA notices

        Click here

        Tax Equity and Fiscal Responsibility Act (TEFRA) Notices

        On December 31, 2018, the U.S. Department of Treasury published final regulations amending the public approval requirements for tax-exempt private activity bonds. The Tax Equity and Fiscal Responsibility Act of 1982 ("TEFRA") provided for public notice, hearing and approval requirements set forth in Section 147(f) of the internal revenue code of 1986, as amended. The TEFRA Requirements must be satisfied as a precondition to the issuance of tax­ exempt private activity bonds, including exempt facility bonds and qualified 50l(c)(3) bonds. The Final TEFRA Regulations apply to all tax-exempt private activity bonds issued on or after April 1, 2019, by the Michigan Finance Authority, Michigan State Housing Development Authority, and Michigan Strategic Fund.

        MSF BOARD MEMBERS

        Mark A. Burton, MSF President & Chairman - CEO
        Michigan Economic Development Corporation

        Paul Ajegba, Director
        Michigan Department of Transportation

        Jeff Donofrio, Director
        Michigan Department of Labor and Economic Opportunity

        Paul V. Gentilozzi, President
        Gentilozzi Real Estate

        Rachael Eubanks, State Treasurer
        Michigan Department of Treasury

        Charles P. Rothstein, Founder and Senior Managing Director
        Beringea, LLC

        Britany L. Affolter-Caine, Ph.D, Executive Director 
        Michigan's University Research Corridor

        Ronald W. Beebe, CEO
        Euclid Industries, Inc., Brinn Performance, Inc., Awrey Bakeries, Griffin Thermal Products, and Milling Precision Tool Corporation

        September Hargrove, Vice President
        JPMorgan Chase and Co.

        Susan Tellier, President
        JetCo Packaging Solutions

        Cindy L. Warner, Global Leader for Professional Services
        Amazon Web Services

        2020 MSF BOARD MEETING DATES

        All meetings are held at the MEDC Lansing Office, Lake Michigan Conference Room, at 10:00 a.m. unless otherwise noted.

        • Wednesday, January 22, 2020
        • Tuesday, February 25, 2020
        • Thursday, March 19, 2020 at 10:30 AM*
          Conference Call Number: (248) 340-3787/Access Code: 790520277# 
        • Tuesday, March 24, 2020 - CANCELLED
        • Tuesday, April 14, 2020*
          Conference call number: 1 (248) 340-3787/Access code: 415913914#
        • Tuesday, April 28, 2020 - CANCELLED
        • Tuesday, May 19, 2020
          Conference call number: 1 (248) 340-3787/Access code: 741617096# 
        • Tuesday, June 23, 2020
          Conference call number: 1 (248) 340-3787/Access code: 583 002 353# 
        • Tuesday, July 7, 2020 at 11:00 AM
          Conference call number, 1 (248) 340-3787/Access code: 460 960 241#
        • Tuesday, July 28, 2020
          Conference call number, +1 248-340-3787/Access code: 564 723 193# 
        • Tuesday, August 25, 2020
          Conference call number, +1 248-340-3787/Access code: 871 444 591# 

        • Tuesday, September 22, 2020 at 9:00 A.M.

          The MEDC building remains closed due to COVID-19 health concerns. The September 22, 2020 meeting will be held remotely. To join the call, use the dial in number, +1 248-340-3787 and passcode 915 107 001# (or join on the web via Microsoft Teams).

          For those who would like to make a public comment, you many now register prior to the meeting by clicking on the button below. The meeting moderator will call on the last 4 digits of your phone number to signal your turn to speak. All comments should be kept to three minutes or less.

          Register online to make a public comment

          Please Note: Pre-registration is not required to provide public comment at the board meeting. Members of the public may address the Board during the public comment portion without submitting a request online.

        • Tuesday, October 27, 2020
        • Tuesday, December 8, 2020
        * Special meeting scheduled via conference call due to public health concerns

        MSF BOARD MEETING MINUTES

        • July 28, 2020
        • July 7, 2020
        • June 23, 2020
        • May 19, 2020
        • April 14, 2020
        • March 19, 2020
        • February 25, 2020
        • January 22, 2020
        • December 17, 2019 
        • December 4, 2019 
        • November 26, 2019
        • October 22, 2019 
        • September 24, 2019 
        • July 23, 2019
        • June 25, 2019 
        • May 21, 2019
        • April 23, 2019
        • March 26, 2019 
        • February 26, 2019
        • January 22, 2019
        • December 18, 2018
        • November 27, 2018 
        • October 23, 2018
        • September 25, 2018
        • August 28, 2018
        • August 9, 2018
        • July 24, 2018
        • June 26, 2018
        • May 22, 2018
        • April 24, 2018
        • March 27, 2018
        • February 27, 2018
        • January 23, 2018
        • December 19, 2017
        • November 28, 2017
        • October 24, 2017
        • September 26, 2017
        • August 22, 2017
        • July 25, 2017
        • June 27, 2017
        • May 23, 2017
        • April 25, 2017
        • March 28, 2017
        • February 28, 2017
        • January 30, 2017
        • December 20, 2016
        • November 22, 2016 
        • October 25, 2016 
        • September 27, 2016
        • August 23, 2016
        • July 26, 2016
        • June 28, 2016 
        • May 24, 2016
        • April 26, 2016
        • March 22, 2016
        • February 23, 2016
        • December 15, 2015 
        • November 23, 2015
        • October 27, 2015
        • September 22, 2015 
        • August 25, 2015
        • July 28, 2015 
        • June 8, 2015
        • April 28, 2015
        • March 24, 2015
        • February 24, 2015 
        • January 27, 2015

        MSF BOARD PACKETS

        • View all the past MSF Board Packets.

        MSF FOIA Policy and Procedures

        Please submit all FOIA requests to medcfoia@michigan.org. For more information, please read the MSF Freedom of Information Act policies and procedure document. 

        Brownfield Program

        • Brownfield Program Process Overview 
        • Brownfield Redevelopment Authority (P.A. 381) 

        Michigan Business Development Program

        • Michigan Business Development Program process documentation
        • Michigan Business Development Program guidelines document

        Michigan Community Revitalization Program

        • Michigan Community Revitalization Program guidelines
        • About MEDC
        • Transparency
        • Public Notices & RFPs
        • Contact MEDC
        • Site Map
        • Terms and Conditions
        Michigan Economic Development Corporation
        Address
        300 N. Washington Sq., Lansing, MI 48913
        888.522.0103
        © 2020 Michigan Economic Development Corporation
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