Managed Funds

Invest Detroit manages the following funds to support community and economic development in the City of Detroit.

Detroit Investment Fund

The Detroit Investment Fund (DIF) is a source of private sector financing designed to be a catalyst for investment in Detroit by financing qualified commercial projects and entities to stimulate economic development and job creation.
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Core City Strategic Fund

The Core City Strategic Fund (CCSF) is a revolving loan fund that supports priority commercial real estate projects in the Greater Downtown area. CCSF projects are identified through the collaborative efforts of Invest Detroit and its development partners including Downtown Detroit Partnership, Detroit Economic Growth Corporation, and Midtown Detroit, Inc.
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Urban Retail Loan Fund

The Urban Retail Loan Fund (URLF) is a revolving loan program intended to stimulate economic growth and support for residential and neighborhood development in Detroit’s Greater Downtown area by providing loans to neighborhood-based retail, service, and storefront businesses. These businesses, in turn, will provide necessary goods and services to the neighborhood, create and retain jobs, and promote a high quality of life.
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Predevelopment Loan Fund

Predevelopment Funds are intended to act as a catalyst for commercial, residential and mixed-use development projects in targeted areas in the City of Detroit.
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New Markets Tax Credit Fund

The New Markets Tax Credit (NMTC) Program attracts private businesses and development by offering tax credits worth 39% of the value of the investment in low income communities, claimable over seven years. Invest Detroit CDE has received three allocations totaling $98 million.
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Chase Invest Detroit Fund

Chase Invest Detroit Fund (CIDF) is a high-impact fund designed to co-invest with Invest Detroit’s managed funds to promote commercial real estate projects and the development and expansion of commercial and industrial businesses. The CIDF also assists with the acquisition of critical properties in targeted areas identified by key strategic initiatives as catalytic projects to advance economic development.
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Invest Detroit Small Business Fund

Invest Detroit’s Small Business Fund promotes economic development through financing for commercial, industrial, and retail businesses in Southeast Michigan. The program is designed to help local small business owners create jobs and economic opportunity through greater access to business education, financial capital and business support services.
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First Step Fund

The First Step Fund represents a partnership of the Invest Detroit Foundation, TechTown and Ann Arbor SPARK intended to support a revolving loan pool to provide financing to emerging and newly-formed small businesses in southeast Michigan that have successfully completed a training program through a qualified regional business incubator/accelerator.
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Detroit Innovate Fund

Detroit Innovate is a seed stage investment fund that fuels the formation and development of high-growth companies in the Detroit Region. The Fund assists emerging companies commercializing enabling technologies in the healthcare, transportation, advanced manufacturing and resource efficiency sectors.
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Venture Development Organization

Invest Detroit’s VDO Program is designed to drive new, high potential company formation in the Detroit region by building partnerships among regional assets that support entrepreneurship, connecting high growth companies with existing support programs and investment capital, and promoting entrepreneurship throughout the region while being inclusive of opportunities for minorities and women.
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