Back to Grants
MI
Kalamazoo Economic Initiative Fund
Kalamazoo's Economic Initiative Fund provides low-interest gap financing up to $250,000 for eligible business projects in the city.
About this program
The City of Kalamazoo Economic Initiative Fund is a revolving loan fund designed to provide low-interest debt financing for business projects that need gap funding. The fund supports projects located in the City of Kalamazoo that create or retain jobs, expand or preserve the city tax base, show a return on investment, and leverage private funds and owner equity, with priority for high-impact projects that demonstrate meaningful community benefits.
Eligibility
Businesses with eligible projects located in the City of Kalamazoo that create or retain jobs, expand or preserve the tax base, and need gap financing may apply.
Requirements
- Project must be located in the City of Kalamazoo.
- Project must create or retain jobs.
- Project must expand or preserve the City tax base and show a return on investment.