Next Round

RFP Draft currently available

The application period opens April 9 for the next competitive round of 21st Century Jobs Fund loans.  The SEIC Board met last week and approved the draft for who is eligible.  Public comments will be received next week, March 26.  For more on the SEIC meeting I refer you to the blog of our friend David Haviland with Shepherd Advisors.  His summary of that meeting is here: http://mi21cjf.proboards100.com/index.cgi?board=306news&action=display&thread=26

David has also summarized the RFP.  You can find this at: http://mi21cjf.proboards100.com/index.cgi?board=round2&action=display&thread=25

The short highlights are these:

1) $30 million pool; 2) For-Profit companies only are eligible; 3) A cash match will be required; 4) A $500 application fee will be charged; 5) Window for applying is April 9 to June 4; 6) A maximum 25 page business plan will be the key element of your application.

The official website for the next round of 21CJF competition is www.TheMEDC.org/21CBizPlan

Ann Arbor SPARK will be making a presentation to explain the intracacies of applying in a few weeks.  Keep your eyes open for our announcement.

Official site for the Michigan 21st Century Jobs Fund
Official RFP and other information about the 21CJF program available here

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