Displaying items by tag: Michigan Economic Development Corp
An additional $6.5 million state investment gives pre-seed fund Michigan Rise more capital to back a strong pipeline of startup companies.
Michigan’s new economic chief says the state needs to become more aggressive in retaining and nurturing existing business and seeking investment from outside of the state.
A statewide loan fund that provides growth capital to rapidly growing businesses expects to start doing deals soon after agreements with its initial investors have been finalized.
Hundreds of millions of dollars in American Rescue Plan funding will pour into Michigan’s federally recognized American Indian tribes, but most are still awaiting final amounts and facing key questions about how to spend the money.
As the COVID-19 pandemic wreaked havoc on tribal casino gaming revenue, officials with the non-gaming economic development arms of several Michigan tribes say their flow of capital and projects largely held steady.
GRAND RAPIDS — Logistics and data security company MCPc Inc. broke ground today on its $2.8 million facility that’s expected to bring at least 75 new and existing jobs to the city’s Madison Square neighborhood.
As the owner of two West Michigan-based manufacturing operations, Jay Garside is leaning on state resources to usher his businesses along their Industry 4.0 journeys.
Automotive supplier American Axle & Manufacturing Inc. received state backing for an expansion project in Southwest Michigan that could lead to the creation of 100 new manufacturing jobs.
WALKER — Storage system manufacturer Speedrack Products Group Ltd. is expanding its Michigan operations with a nearly $65 million investment Walker.
PORTAGE — Midwest Fastener Corp. plans to create up to 90 jobs as part of a $10.8 million investment to expand its headquarters and distribution center in Portage and operations in Decatur.