The Economic Development Corporation of the City of Detroit (EDC) was established pursuant to Michigan Public Act 338 of 1974, as amended, and assists local industrial and commercial enterprises through programs such as loans and public infrastructure improvements. (Link to small biz for MDC and Motor City Restore) The EDC also manages a number of sites available for redevelopment. (Link to project plans) Funding for EDC programs comes from a number of sources such as grants, contracts and interest on loans.
The EDC is governed by its Board of Directors, who are, with certain exceptions, appointed by the Mayor subject to the consent of City Council.
Regular meetings are held on the second and fourth Tuesday of each month at 8:30 a.m. The EDC may also hold Special meetings as needed. An EDC Finance Committee meeting is scheduled Tuesday, January 28, 2020 at 8:30 a.m. The time of the January 28,2020 Regular EDC Board meeting has been changed to 9:00 a.m.. All meetings are announced by a posting outside the offices of DEGC, Guardian Building, 500 Griswold, Suite 2200, Detroit, and at the Coleman A. Young Municipal Center. For additional information, please contact Malinda Jensen, Senior Vice President for Governmental Affairs and Board Administration.