Michigan Economic Development Corporation (MEDC) is preparing to release a Request for Proposals (RFP) for a study covering the entire capital continuum in Michigan. The study will be designed to assess the strengths, weaknesses, opportunities and threats in the capital markets in Michigan.
Within the MEDC, the Capital Markets group is responsible for increasing the availability of capital for Michigan companies, primarily through market-driven strategies that work directly with private sources of capital. When state intervention is appropriate the MEDC works directly with private capital sources in the target area(s) to craft and execute viable solutions.
Generally, the RFP will seek proposals for a study focusing on the following areas:
- Capital available for operating companies at all stages of the Capital Life Cycle
o Including pre-seed, seed, angel, venture, and private equity, mezzanine and bank/bond capital
- Capital available for investment real estate including pre-development, project equity, mezzanine, construction, and permanent debt