Lapeer Development Corporation

What Lapeer Development Corporation does

Lapeer Development Corporation (LDC) is a 501(c)(3) non-profit economic development organization established in 1981 and headquartered at 449 McCormick Drive, Lapeer, Michigan. The organization functions as the primary liaison between the public and private sectors in Lapeer County, coordinating economic development activities and providing a unified suite of services to support business formation, expansion, retention, and relocation. Its constituents include businesses operating in or considering Lapeer County, public-sector investors (townships, cities, villages, and DDAs), and individual business professionals who participate in the Economic Club of Lapeer County.

LDC's core offerings include business counseling and support services (export assistance, government procurement, workforce hiring and training, small business coaching through the EDC Small Business Cohort), multiple revolving loan funds (I-69 Regional Development Corporation Revolving Loan Fund up to $500,000, Imlay City Façade Loan Fund up to $40,000, Lapeer Main Street Façade Loan Fund up to $20,000, City of Lapeer TIFA Revolving Loan Fund up to $100,000), and the Enterprise Center business incubator with two facilities (Enterprise Center I and II) totaling approximately 7,800+ sq ft of flexibly divided manufacturing and office space. The organization also operates the Economic Club of Lapeer County, a networking platform hosting six annual luncheons featuring speakers such as Brian Calley, Moses Sanzo, Matt McCauley (MEDC), and Gabriel Ehrlich (University of Michigan). LDC does not develop proprietary technology products; its technology footprint consists of a Neon CRM member portal, a GoDaddy-hosted website, and standard social media and email infrastructure.

LDC generates revenue through three primary streams: tiered membership investments from private-sector investors (Champion, Signature, Leadership, Partner, Contributor levels) and public-sector investors (municipalities); Economic Club membership fees (Individual $200/year, Corporate $575/year for up to 3 employees, Retiree $100–150/year) plus sponsorship packages (Yearly $5,000, Speaker $500, Table $300); and Enterprise Center incubator space rentals at market rates. The organization operates with fewer than 10 employees, led by Director Sam Moore and Office Manager Laura Tandy, supported by a Board of Directors representing diverse sectors including banking, healthcare, manufacturing, government, energy, and education. Notable board member organizations include ChoiceOne Bank, McLaren-Lapeer Region, ZF Lemforder, Victora USA, DTE, and Lapeer County government.

Name

Lapeer Development Corporation

Legal name

Lapeer Development Corporation

Website

https://lapeerdevelopment.com

Company type

Private

Founded year

1981

Operating status

Operating

Headcount range

1–10 employees

Short description

Lapeer Development Corporation is a 501(c)(3) non-profit economic development organization established in 1981 that connects Lapeer County, Michigan businesses with public-sector resources, offering business counseling, revolving loan funds, incubator space, and networking through the Economic Club.

Ownership category

akta.pro rank

Product category

Economic Development Services

NAICS

Business Service Centers (56143)

SIC

Services-Membership Organizations (8600)

akta.pro primary industry

Economic Development & Business Licensing (Local) (BPAIACAN)

Keywords

• Economic development services
• Business incubator services
• Revolving loan funds
• Small business support
• Community economic development

Headquarters

HQ city

Lapeer

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Marketing or Sales, Others

Revenue model

1. Member Investments and Membership Dues: LDC generates revenue primarily through membership investments from businesses and public-sector entities. Private sector investors include Champion, Signature, Leadership, Partner, and Contributor tiers. Public sector investors include townships, cities, villages, and their respective DDAs.
2. Economic Club Membership Fees: The Economic Club generates revenue through annual membership fees from Individual ($200), Corporate ($575 for up to 3 employees, $175 per additional employee), and Retiree ($100 for 3 events or $150 for all 6 events) members, plus guest fees ($25 per luncheon) and sponsorship packages.
3. Incubator Rental Revenue: The Enterprise Center of Lapeer provides office and manufacturing space at market rates to startups and small businesses. Revenue is generated through space rentals at Enterprise Center I (4–2,000 sq ft areas) and Enterprise Center II (5,816 sq ft including 816 sq ft office area).

Pricing tiers

Go-to-market motion2 records

Distribution channels1 record

Marketing channels7 records

Core offering

LDC coordinates economic development across Lapeer County, acting as a public-private liaison that helps businesses start, expand, or relocate by providing site selection, financing assistance, incentive program navigation, workforce support, and incubator space. It also operates the Economic Club of Lapeer County as a membership-based networking platform hosting six annual luncheons with prominent speakers. Revenue is generated through private- and public-sector investor memberships, Economic Club membership fees, and incubator space rentals.

Product overview

The Lapeer Development Corporation (LDC) is a non-profit economic development organization established in 1981 that provides a unified suite of services to support business success in Lapeer County, Michigan. Rather than offering a single software product, LDC delivers a portfolio of economic development programs including business counseling and support services, multiple revolving loan funds for financing, the Enterprise Center business incubator facilities, the Economic Club networking organization, and various incentive programs. These services work together to help businesses start, expand, and relocate to Lapeer County.

Differentiator

Problem solved

Functional benefit

Quantifiable outcome

• $7,000 in professional services provided through the EDC Small Business Cohort program
• +9 more outcomes

Named customers16 records

Segments5 records

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

16 partnerships are on record, tiered core, major and minor.

• I-69 International Trade Corridor Next Michigan Development CorporationcoreStrategic or Co-development PartnerA collaborative effort by businesses and local government partners from Lapeer, Genesee, St. Clair, and Shiawassee Counties to market the area's airport, highway, railroad, and water port resources to companies engaged in international commerce, particularly through Canada. A Next Michigan Development Corporation has been created with participation from 36 municipalities, making it one of the largest intergovernmental collaboratives in Michigan.
• I-69 Thumb RegioncoreStrategic or Co-development PartnerCovers seven counties in eastern Michigan: Genesee, Huron, Lapeer, Sanilac, Shiawassee, St. Clair, and Tuscola. The region has a wide range of agricultural, manufacturing, and transportation resources. Each county plays a unique role in making the region resource-rich.
• Region 6 PTAC (Procurement Technical Assistance Center)majorStrategic or Co-development PartnerProvides procurement advice and counseling to Michigan companies interested in doing business with local, state, and federal governments. Funded in part by MEDC. Has a track record of successfully preparing local businesses to win government contracts.
• Detroit Regional ChambermajorStrategic or Co-development PartnerDedicated to powering the economy for Southeast Michigan. Recognized as a leader in regional collaboration and acts as a platform for problem solving and uniting individuals to share ideas.
• Small Business Development Center I-69 Trade Corridor RegionmajorStrategic or Co-development PartnerLocated at Kettering University in Flint, MI. Offers assistance for any type of business at any stage: new ventures, existing businesses, growth companies, and advanced technology companies. Services include business counseling, business education, information-based planning, and technology commercialization.
• GST Michigan Works!coreStrategic or Co-development PartnerServes the needs of business through six county-based One-Stop Service Centers in Genesee, Huron, Lapeer, Sanilac, Shiawassee, and Tuscola counties. Offers specialized talent development services including Career Readiness Assessments, Job Search Assistance, and Classroom and On-the-Job Training (OJT).
• Pure Michigan Talent ConnectmajorStrategic or Co-development PartnerA collaborative effort of the State of Michigan's Workforce Development Agency (WDA), the Talent Investment Agency (TIA), and the Michigan Economic Development Corporation (MEDC). An online marketplace connecting Michigan's job seekers and employers and serves as the state's labor exchange system.
• MEDC (Michigan Economic Development Corporation)coreStrategic or Co-development PartnerPartners with businesses and organizations across Michigan including financing, matchmaking, site selection, resources for companies, and assisting entrepreneurs. Administered programs include Capital Access Program (CAP), Michigan Collateral Support Program, Michigan Loan Participation Program, and more.
• Michigan Manufacturing Technology Center (MMTC)majorStrategic or Co-development PartnerAssists Michigan's small and medium-sized manufacturers compete and grow. Through personalized services, MMTC develops more effective business leaders, drives product and process innovation, promotes operational excellence, and fosters creative strategies for growth and profitability.
• Lapeer Area Chamber of CommercemajorStrategic or Co-development PartnerLocal partner organization supporting business community in Lapeer County. Collaborates with LDC on economic development initiatives and business networking.
• Lapeer Downtown Development AuthoritymajorStrategic or Co-development PartnerLocal partner organization focused on downtown development in the City of Lapeer. Collaborates with LDC on economic development and provides the Lapeer Main Street Façade Loan Fund.
• Lapeer and Upper Thumb Association of Realtors (LUTAR)minorChannel Partner/ Reseller/ DistributorLocal partner organization of realtors that assists with commercial and residential real estate transactions in Lapeer County, supporting LDC's real estate and site selection services.
• Metamora Chamber of CommerceminorStrategic or Co-development PartnerLocal chamber of commerce serving the Metamora village and surrounding area in Lapeer County.
• Almont Downtown Development AuthorityminorStrategic or Co-development PartnerLocal DDA serving the Village of Almont, supporting economic development and providing the Almont Façade Loan Fund.
• Imlay City Downtown Development AuthorityminorStrategic or Co-development PartnerLocal DDA serving Imlay City, collaborating with LDC on economic development and providing the Imlay City Façade Loan Fund.
• North Branch Area Business AssociationminorStrategic or Co-development PartnerLocal business association serving the North Branch area of Lapeer County.

Scale indicators13 records

Recent moves6 records

Expansion highlights5 records

Others

• I-69 Thumb Region: Multi-county regional partnership covering Genesee, Huron, Lapeer, Sanilac, Shiawassee, St. Clair, and Tuscola counties. Listed as a core strategic partner of LDC; functions as the regional umbrella coalition rather than a direct competitor.
• Lapeer Area Chamber of Commerce: Local chamber of commerce serving Lapeer County. Listed as a major partner of LDC; provides overlapping but distinct membership/networking services, representing the closest local adjacent organization rather than a true competitor.

Direct peers

• Detroit Regional Chamber: Major regional economic development and chamber organization serving Southeast Michigan. Direct partner of LDC; comparable as a non-profit business membership organization driving regional economic competitiveness and policy advocacy.
• Ann Arbor SPARK: Regional economic development organization serving the greater Ann Arbor area in Michigan. Directly comparable as a non-profit economic development org providing business attraction, retention, expansion services, and talent pipeline programming in Michigan.
• Battle Creek Unlimited: Economic development foundation serving Battle Creek, Michigan. Comparable as a non-profit economic development organization providing site selection, business expansion support, and incentives coordination in a small Michigan city.
• Saginaw Future Inc. Economic development corporation serving Saginaw County, Michigan. Directly comparable as a county-level economic development organization offering site selection, incentives coordination, and business retention services to local employers.
• Flint & Genesee Chamber of Commerce: Regional chamber and economic development organization serving Genesee County, which is adjacent to Lapeer County in the I-69 Thumb Region. Provides comparable business services, networking, and economic development coordination.
• Lakeshore Advantage: Economic development organization serving Ottawa and Allegan Counties in West Michigan. Comparable as a non-profit economic development org providing business retention, attraction, and workforce development services in a small regional market.

Broad incumbents

• Michigan Economic Development Corporation (MEDC): State-level economic development corporation providing financing, site selection, and incentives across Michigan. Listed as a core partner of LDC; functions as the state-level incumbent of which LDC is the local extension.

Emerging players

• Greater Cleveland Partnership: Regional chamber and economic development organization in Cleveland, Ohio. Comparable as a non-profit business membership and economic development organization in a Rust Belt/legacy manufacturing region analogous to Lapeer County.

Market position

Strengths5 records

Weaknesses4 records

Competitive moat4 records

Key risks5 records

Key highlights6 records

Customer concentration

• Facebookfacebook.com/lapeerdevelopmentcorp
• LinkedInlinkedin.com/company/lapeer-development-corporation

Revenue estimate

Valuation estimate

Number of profiles

Profiles6 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Lapeer Development Corporation