Fees
The Michigan Statewide Minority Business Development Center (MSMBDC) is required to charge a fee for all consulting services under the policy of the Minority Business Development Agency. MSMBDC will bill clients at a standard cost rate of $100.00 per hour at a percentage cost of 10% to 60%, based on gross receipts of clients.
The MSMDBC sets the fee rates based on the following chart:
| Gross Receipts of Clients | Base Rate for | Percent of Cost | Client Fee Per Hour |
| Services Rendered | Borne by Client | ||
| $0- 99,999 | $100.00 | 10% | $10.00 |
| $100,000 – 299,999 | $100.00 | 20% | $20.00 |
| $300,00 – 999,999 | $100.00 | 30% | $30.00 |
| $1 Million – 2,999,999 | $100.00 | 40% | $40.00 |
| $3 Million – 4,999,999 | $100.00 | 50% | $50.00 |
| $5 Million and Above | $100.00 | 60% | $60.00 |
Invoice for consulting services is due within 30 days of the “invoice date”. If invoice is not paid within the 30 day period; a finance rate on the balance owed of .5% per month will be charged.
Payment for consulting services should be by check, money order, or cashier’s check payable to : “Michigan Statewide Minority Business Development Center”.