Michigan Auto Supplier Transition Program Expands Eligibility to Small Manufacturers Across Michigan
MAST-P opens access to manufacturers in all 83 counties seeking to strengthen operations and pursue opportunities in aerospace, defense, electric vehicles and advanced energy
Previously, eligible companies were required to be located in
The MAST-P program is designed to help very small manufacturers with fewer than 10 employees who are connected to the internal combustion engine supply chain pursue opportunities beyond traditional automotive manufacturing. Participating companies can receive support as they evaluate and prepare to enter adjacent and growing industries including aerospace, defense, electric vehicles and advanced energy.
Companies accepted into MAST-P receive access to a coordinated network of partners, providing tailored support including:
- Technical and industry assistance to strengthen operations and evaluate new market opportunities
- Accounting and financial guidance to improve financial management, pricing, profitability and capital readiness
- Legal support to identify potential risks and compliance needs
- Capital preparation and connections to help companies pursue lending, investment and other funding opportunities
MAST-P is funded through the federal State Small Business Credit Initiative Investing in America Small Business Opportunity Program (SSBCI SBOP) and administered by MEDC on behalf of the Michigan Strategic Fund. The three-year initiative provides more than
About MAST-P
The Michigan Auto Supplier Transition Program (MAST-P) is a collaborative initiative led by the Michigan Economic Development Corporation in partnership with Automation Alley, Michigan Manufacturers Association, the
This project is supported, in whole or in part, by federal award number SSBCI-21034-0001 awarded to the Michigan Strategic Fund by the U.S. Department of the Treasury.
About Michigan Economic Development Corporation (MEDC)
The Michigan Economic Development Corporation is the state's marketing arm and lead advocate for business development, job awareness and community development with the focus on growing
About Automation Alley
Automation Alley is a nonprofit technology business association and Digital Transformation Insight Center focused on driving the growth and success of businesses in Michigan and beyond through innovation and automation. With a global outlook and a regional focus, we foster a vibrant community of innovators, entrepreneurs and business leaders through opportunities for collaboration and learning. Our programs and services help businesses develop the skills and expertise needed to effectively jumpstart or accelerate digital transformation. By bringing together industry, academia and government, we aim to create a dynamic ecosystem that drives innovation and growth across Michigan.
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SOURCE Automation Alley
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