MAST-P: Funds Available to Help Michigan Manufacturers Diversify & Grow
Michigan Auto Supplier Transition Program Expands Eligibility to Small Manufacturers Across Michigan
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 Michigan Manufacturing Technology Center, the Michigan Minority Supplier Development Council and the University of Michigan Economic Growth Institute.
The program supports very small Michigan suppliers as they transition to emerging manufacturing opportunities such as electric vehicle production, advanced aerial mobility and defense through coordinated technical assistance, financial guidance and education.
Learn more and apply online.
Small manufacturers across Michigan can now access no-cost business support through the Michigan Auto Supplier Transition Program (MAST-P), following an expansion of program eligibility from six counties to all 83 counties in the state.
Previously, eligible companies were required to be located in Oakland, Wayne, Macomb, St. Clair, Lapeer or Kent counties. The expanded eligibility opens the program to qualifying manufacturers throughout Michigan, to help small manufacturers strengthen their businesses, prepare for growth and diversify into new industries.
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 $9 million in funding to support small manufacturers as they adapt to changes across Michigan’s automotive and advanced manufacturing economy.
Learn more and apply online.