Economic Development

Welcome to Taylor’s Economic Development page, where you will find an array of reasons to start your business in our city along with fruitful resources at your fingertips. Taylor is a growing city that would like to invite you in on new economic opportunities.

For Businesses and Individuals Affected by COVID-19

Here in our Economic Development department, we understand the dramatic impact the COVID-19 pandemic has created for businesses throughout the Michigan and U.S. Economy so that is why we have been keeping up with the latest incentives and resources that may help you. Below is an array of new tools set up for businesses strugling in these unprecedented times. Please contact us with any questions as we are in this together. 

Stay healthy. Stay safe. Stay informed. 

  1. Economic Injury Disaster Loan (EIDL) Grant
  2. Paycheck Protection Program (PPP)
  3. SBA Loan Subsidy
  4. Tax Credits for Small Businesses
  5. Employee Retention Credit
  6. MI Local Biz | COVID-19 Small Business Support Program
  7. Coronavirus Learning and Policy for Businesses and Individuals
  8. MIWISH Grant Workplace Improvement for Health and Safety
  9. Unemployment Insurance Relief
  10. Verizon Small Business Relief
  11. Retooling Grant
  12. Resilience Microloan and Grant Fund
The EIDL grant is initially a loan where businesses temporarily impacted by COVID-19 can receive $10,000 of emergency funds within three days that does not have to be paid back, while the remainder of the working capital loan amount must be. 
Wayne County-TCF Loan Flyer 4-21-20 (1)