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Michigan Climate Investment Accelerator

The Michigan Climate Investment Accelerator aims to attract hundreds of millions of dollars to finance the development of clean energy projects for consumers, businesses, nonprofits, and local governments throughout Michigan. 

By scaling up green lending in Michigan, the Michigan Climate Investment Accelerator will offer more families and businesses access to financing for clean energy technologies, create good-paying jobs, lower energy costs, and support the implementation of the MI Healthy Climate Plan (MHCP). The Accelerator is composed of the Michigan Climate Investment Fund and the Michigan Climate Investment Hub.

Michigan Climate Investment Accelerator Fund

Michigan Climate Investment Fund

An $11 million fund, allocated from the Make It in Michigan Competitiveness Fund, to support community lenders in securing federal funds and effectively deploying this capital in Michigan communities. The Fund will provide $10 million in matching grants for community lenders and $1 million in technical assistance to help community lenders build capacity to apply for CCIA funds.

More information regarding the fund application process will be available in late 2024. 

Michigan Climate Investment Accelerator Hub

Michigan Climate Investment Hub

The Michigan Climate Investment Hub (Hub), located in Newlab @Michigan Central in Detroit, is a public-private partnership that will foster relationships among the State of Michigan, GGRF awardees, private investors, commercial lenders, community lenders, community organizations, philanthropic organizations, and local government. The Hub was created through philanthropic support from the Kresge Foundation and aims to position Michigan as a priority market for GGRF investment and facilitate the development of investment-ready projects.

If you are interested in becoming a member of the Hub, please reach out to EGLE-OCE@Michigan.gov.