517-265-5141

5285 W. US 223, Adrian, MI 49221

 
 

Business in Lenawee County, Michigan

Economic Development Corp of Lenawee

The Economic Development Corporation of Lenawee County (EDCLC) was established under Act No. 338 of the Michigan Public Acts of 1974, as amended, the Economic Development Corporations Act, in order to stimulate business capital investment, contribute to the areas employment, increase local tax base, and provide needed public services.

The main purpose of the EDCLC is to issue tax-exempt "Private Activity Bonds."  The tax-exempt status of the bonds results in extremely low interest rates.  Manufacturing businesses as well as not-for-profit organizations are eligible for this loan program.  Loan amounts for manufacturers range from $1 million to $10 million.  There is no limit for not-for-profits.  Terms vary and can range up to 30 years.

Since 2009 the EDCLC has issued approximately $20 million of PAB's for area projects.

Download the Informational PDF

The EDCLC Board of Directors is made up of 12 Lenawee residents appointed by the County Commissioners and typically meets on the third Thursday of the month.

Contact Tim Robinson at 517-265-5141 or tim@lenaweenow.org for more information about the Economic Development Corp of Lenawee.