The Muskegon County Economic Development Corporation (EDC) was established in 1976 under Act Number 338 of the Michigan Public Acts of 1974, the Economic Development Corporations Act, in order to stimulate business capital investment, contribute to the area's employment, increase local tax base, and provide needed public services.
In order to achieve these goals and strengthen the County's economy, the EDC was given the authority to acquire property, develop land, construct buildings and finance equipment and machinery for either nonprofit or manufacturing enterprises. The most important tool available to the EDC to perform these activities is its ability to issue tax-exempt revenue bonds.
The Tax-Exempt Revenue Bond Program provides qualified manufacturing businesses and non-profit 501(c)(3) organizations with loans for capital expenditures. Eligible Businesses are manufacturing businesses and non-profit 501(c) (3) organizations in Muskegon County, Michigan.
Eligible businesses can receive loans up to $10 million for capital expenditures. Eligible projects include: