Boards & Committees
The Michigan Economic Development Corporation (MEDC) has a private sector board of directors comprised of business people, local economic developers and educators so that our policies and procedures meet the needs of the private sector.
The MEDC Executive Committee is a 20-member body that sets the strategic direction of the corporation. The board is comprised of business, university, and economic development leaders from across Michigan representing both political parties.
The MSF Board approves the use of Private Activity Revenue Bonds, authorizes the submittal by local units of government of Community Development Block Grant applications, recommends to the State Administrative Board Agricultural Processing, Renewable Energy and Forest Products Processing Renaissance Zone designations, approves MSF designated Renaissance Zones and Tool and Die Renaissance Recovery Zones, and acts as the fiduciary agent with respect to the 21st Century Jobs Fund investments.
The SEIC Board seeks to foster the growth of Michigan's high-tech economy by investing in the best research and commercialization opportunities in four competitive edge technologies: advanced automotive, manufacturing and materials; alternative energy; homeland security and defense; and, life science.
The MEGA Board approves the use of Standard, High Tech and Rural MEGA Job Creation Tax credits and Retention MEGA Tax credits for companies considering expansions in Michigan. The board is also responsible for approving Brownfield Redevelopment Tax credits and Brownfield Tax Increment Financing for non-environmental activities.