Summary
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The Michigan Economic Development Corporation, in collaboration with more than 100 economic development partners, markets Michigan as the place to do business, assists businesses in their growth strategies, and fosters the growth of vibrant communities across the state.
Selling a business can be a stressful thing to say the least. Valuation, finding buyers, untangling ownership and paperwork are serious tasks that leave a lot of sellers feeling stranded. This is even more so a problem with the complexity of a manufacturing business....
You’ve spent decades building your manufacturing company. You’ve weathered labor shortages, absorbed supply chain shocks, invested in automation, and fought to protect your margins. But have you planned for the next chapter of your journey — whether that’s a...
TROY, Mich., September 22 2026 — 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...
Praxis Business Brokers helps Michigan manufacturing business owners navigate the complexities of selling, from valuation and buyer selection to succession planning, emphasizing the importance of skilled employees, equipment documentation and realistic pricing for a successful ownership transition.
For manufacturing owners, a successful exit depends on reducing owner dependence, developing future leaders, and strengthening the systems that drive long-term value.
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.
