Economic Development

As a component of the required best practices for state certification as a Redevelopment Ready
Community, and as directed by Section 13-6 of the Marquette City Charter adopted in 2012, the
economic development action plan includes a brief description of the City’s history, demographic
information, regional context, relationship to other City plans and priority economic development related
goals and strategies for achieving them. The City of Marquette’s status as a regional hub for healthcare,
business, recreation and academics allows for multiple opportunities to encourage and support
sustainable economic development.

Also of note, the Public Participation Plan Plan is an essential tool for outlining how elected officials, appointed officials and boards and commissions engage the public throughout the planning and development process. The Plan also acts as a tool for accountability and transparency requiring a municipality to seek public input as well as report the results to the people.

Economic Development Plan

Adopted by the City Commission on September 9, 2019.

Public Participation Plan

Adopted by the City Commission on September 9, 2019.

Certified Redevelopment Ready Communities

To be vibrant and competitive, Michigan communities must be ready for development. This involves planning for new investment and reinvestment, identifying assets and opportunities, and focusing limited resources. Certified Redevelopment Ready Communities® attract and retain businesses, offer superior customer service and have a streamlined development approval process making pertinent information available around-the clock for anyone to view.

Tools for Development

Common incentives that may be available are tax abatements, façade grants, and tax increment financing plans. Additionally, the City can provide letters of support to other granting agencies and facilitate partnerships.

MEDC Resources

MEDC

MiPlace/Business Support

The Michigan Economic Development Corporation (MEDC) offers a variety of resources to support small businesses and entrepreneurs. These include:

  • Michigan Economic Opportunity Fund: Loans for women, veterans, and entrepreneurs of color.
  • Match on Main: Grants up to $25,000 for business renovations and working capital.
  • Small Business Lending: Programs to help secure loans.
  • Business Matchmaking: Connecting suppliers with buyers.
  • Technology Business Incubators: Support services like mentoring and networking.
  • Manufacturing Technology Grant: Up to $25,000 for adopting Industry 4.0 technologies.


For more details, visit MEDC Microbusiness Support.

MEDC Capital Programs

The Michigan Economic Development Corporation (MEDC) offers several programs to help businesses access capital:

  • Capital Access Program: Facilitates traditional financing through lending institutions.
  • Equity Funding Programs: Partners with venture capitalists, banks, and lenders for loans and grants.
  • SSBCI 2.0: Provides collateral support and loan participation programs.
  • Michigan Economic Opportunity Fund: A $10 million loan program for disadvantaged entrepreneurs.


For more details, visit MEDC Access to Capital.