Detroit Investment Fund
Wednesday, June 10, 2009 at 7:03AM In these tough economic times, why not relocate your operations to a city with an exceptionally low cost-of-living!
To entice you to the Motor City, the City of Detroit has created the Detroit Investment Fund ("DIF")--a $52 million private capital fund created by Detroit Renaissance. The fund is designed to provide financing for pretty much any business willing to come to the city, from growing commercial and industrial businesses to residential real estate development projects and special projects which address strategic needs of the city of Detroit.
The DIF generally provides financing amounts between $500,000 and $2 million to a broad range of projects including commercial expansion or relocation. It will provide capital financing for the purchase of machinery, equipment and real property, the improvement of real property, and the restructuring of existing debt.
In addition, working capital financing will be provided on a properly structured basis to meet the needs created by expansion. The financing should result in the retention and expansion of the number of employees employed in the business.
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