Displaying items by tag: Michigan Economic Development Corp

Two Michigan congressmen behind legislation that would create a $50.5 billion relief fund for small businesses nationwide hope to get it included in the next federal aid package that may come before Congress this summer.

Published in Small Business

Forming a relief fund to aid small businesses hurting from the COVID-19 pandemic was an early idea Kent County commissioners pursued when they began considering two months ago what to do with $114.6 million in federal aid funding. 

Published in Small Business
Thursday, 11 June 2020 12:52

MEDC awards $4.3M in COVID-19 relief loans

The Michigan Economic Development Corp. has awarded $4.3 million in low-interest relief loans to 74 small businesses statewide affected by the COVID-19 pandemic.

Published in Small Business

Shared transit presents unprecedented risks as communities and businesses around the state reopen and people come out of isolation following a months-long shut down because of the COVID-19 pandemic. 

Published in Manufacturing

Plagued by high water, COVID-19 business closures and canceled festivals, officials in lakeshore communities are developing plans to bring visitors back to restaurants and lodging in hopes of tourists’ return this summer. 

Published in Economic Development

GRAND RAPIDS — Tetra Therapeutics Inc.’s sale to a Japanese pharmaceutical company provides a final pathway toward bringing to market potential new drugs to treat Alzheimer’s disease and a form of autism, as well as generates a handsome return for financial backers.

Published in Finance

LANSING — More than 100 small businesses across the state can use the Michigan Economic Development Corp.’s crowdfunding platform throughout June, gaining access to a matching grant from the MEDC of up to $5,000.

Published in Small Business

The Michigan Strategic Fund approved financing today for a range of economic development initiatives, including brownfield tax incentives for a major mixed-use project in Lansing and public improvements in Cass County.

HOLLAND — Jolt Energy Storage Technologies LLC has received $250,000 to further advance its utility-scale energy storage solutions.

Published in Energy

New grant funds by the state and in Kalamazoo, as well as a loan fund in Grand Haven, are the latest efforts to provide relief to small businesses hit hard by the COVID-19 pandemic.

Published in Small Business
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