Michelin Development, a subsidiary of MNA, was created to help business development and job creation to the region.
Citing overcapacity in its broadline products, MNA closed the plant in July, putting some 1,100 hourly employees out of work.
Over the next six years, Michelin Development will focus on new job creation by facilitating low-interest loans, as low as charter bank prime, to qualified start-up, small- and medium-sized businesses.