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 Capital Fund

The First Capital Fund is a program of Invest Detroit Ventures. It provides “genesis” funds to new technology companies at the earliest stages of commercialization in the State of Michigan. The program will provide up to $150K through quick, flexible financial instruments.
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First Step Fund

The First Step Fund is a program of Invest Detroit Ventures. It is an industry-agnostic early to mid Seed investment fund putting capital to work in emerging high-growth businesses in Michigan. This fund deploys up to $50,000 in initial investments with follow-on capacity of $100,000 for qualifying companies. Invest Detroit Ventures partners with institutional funds and angel investors for investment rounds sized between $150,000 and $500,000.
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Detroit Innovate Fund

The Detroit Innovate Fund is a program of Invest Detroit Ventures. It is an early-stage venture capital fund focused on high-tech companies in Michigan. Initial investments range from $100,000-$250,000 in Series Seed and Series A financings with follow-on capital available. We focus on assisting in the commercialization efforts of new technologies, scaling company sales, and supporting companies that have secured initial market traction.
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Venture Development Organization

The Venture Development Organization (VDO) is a program of Invest Detroit Ventures. It is designed to drive new, high potential company formation in the region by building partnerships, delivering unique entrepreneurial support services that fill market gaps, connecting entrepreneurs with existing regional support infrastructure, and promoting entrepreneurship while being inclusive of minority, immigrant, and women-led ventures.
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