Displaying items tagged: Michigan Economic Development Corp
State allocates $7 million in funds to back early-stage entrepreneurs
An assortment of state-backed capital funds and initiatives to support business startups, innovation and entrepreneurs recently earned renewal in Lansing.
Slashing MEDC budget could stall local projects, economic developers warn
GRAND RAPIDS — As the state Legislature continues budget talks, West Michigan economic development executives remain concerned about a $26 million cut to the Michigan Economic Development Corp. budget.
Growth Report: Nov. 9, 2019
Here is the growth report for November 9, 2019.
Aquest Machining plans $1.3 million expansion in Greenville
GREENVILLE — Manufacturer Aquest Machining & Assembly plans to invest an estimated $1.3 million into an expansion of its current location in Greenville.
Local tourism groups advocate for maintaining Pure Michigan funding
HOLLAND — Last year, travelers from all 50 states and 47 countries stopped into the Holland Area Visitors Bureau while visiting the city.
Lakeshore Advantage examines proactive industrial development
ZEELAND — The $70,000 grant Lakeshore Advantage Corp. received this summer will go toward examining one potential solution to a problem resulting from the economic vitality of Ottawa and Allegan counties: a lack of suitable available land for industrial development.
Growth Report: October 12, 2019
This is the growth report for Oct. 12.
Acrisure awarded $7 million in incentives for downtown Grand Rapids HQ project
GRAND RAPIDS — Insurance giant Acrisure LLC’s plan to move 400 jobs from Caledonia to downtown Grand Rapids has garnered $7 million in state economic development incentives.
ITB Packaging plans $3.5 million expansion
HOLLAND — ITB Packaging LLC plans to expand locally with a $3.5 million capital investment and the expected creation of at least 65 new jobs over the next five years.
Grand Rapids’ economic development services manager leaving for WMU position
KALAMAZOO — Kara Wood, the managing director of economic development services for the city of Grand Rapids, will join Western Michigan University as an associate vice president for community partnerships on Oct. 7.
Grand Rapids airport announces $90M expansion
GRAND RAPIDS — A $90 million expansion at the Gerald R. Ford International Airport will aid in economic development in West Michigan, the airport authority board said Wednesday.
Allendale Township software company expands with state funds
ALLENDALE TWP. — BizStream Inc., an Allendale Township-based online marketing and software solutions company, plans to expand with backing from the state.
Roskam Baking plans $85.2 million expansion in Kentwood
KENTWOOD — Roskam Baking Co. is planning an $85.2 million expansion of its operations in the Grand Rapids area.
Vicksburg paper mill development gets $30M transformational brownfield
VICKSBURG — The Michigan Strategic Fund board today approved Paper City Development LLC for the second project under the state’s transformational brownfield program.
Helix Steel technology offers innovative infrastructure solution
Helix Steel hopes to find a silver lining in what’s become a growing infrastructure crisis in the state of Michigan.
American Chemical Solutions to open manufacturing plant in Muskegon
MUSKEGON — American Chemical Solutions plans to breathe new life into an idled chemical manufacturing plant on the lakeshore.
DTE, Consumers commit to spending $15B with diverse, Michigan-based companies
Michigan’s largest utilities are giving a substantial boost to an economic development program launched by former Gov. Rick Snyder, committing to spend billions of additional dollars with in-state suppliers over the next five years.
Wyoming remains patient with Site 36 redevelopment
WYOMING — A 92-acre shovel-ready industrial property sits empty about five miles south of downtown Grand Rapids, even amid a shortage of available manufacturing spaces across West Michigan.
Bolstering West Michigan commuter transit would aid talent attraction, officials say
Officials studying commuter transit options between Grand Rapids and Holland are hoping to make West Michigan more competitive when it comes to talent attraction.
Concept for regional fund to back Great Lakes VC investors faces key hurdles
The idea sounds simple: Create a $150 million to $200 million fund supported by foundations and university endowments to back venture capital investors in the Great Lakes states.
Foundation awarded state funding to add housing to downtown Kalamazoo
KALAMAZOO — The Kalamazoo-based Jim Gilmore Jr. Foundation has been awarded a grant from the Michigan Economic Development Corp. to add housing to downtown Kalamazoo.
DeWys Manufacturing to invest $6.9 million in Ottawa County expansion, create 41 jobs
MARNE – Metal fabricator DeWys Manufacturing Inc. will invest nearly $7 million over three years in a 30,000-square-foot expansion to its existing facility in Wright Township.
Mixed-use $14.7 million Kalamazoo Creamery project secures state incentives
A partnership headed by Portage-based Hollander Development Corp. plans to transform a vacant lot in Kalamazoo into a new mixed-use building under a proposal that secured state backing.
Cybersecurity firm VDA Labs to establish HQ campus in Plainfield Township
Vulnerability Discovery & Analysis Labs LLC, a Grand Rapids-based cybersecurity firm, is opening a new headquarters at 5234 Plainfield Ave. NE.
Lawmakers, advocates push for revival of state’s historic preservation tax credit
A bipartisan group of lawmakers in Lansing hopes to revive Michigan’s historic preservation tax credit, which they say will encourage redevelopment in communities across the state. Bills introduced in the state Senate and House earlier this year would reinstate a tax credit of up to 25 percent for rehabilitation expenses on historic properties.
Forman Glass to relocate production line to Southwest Michigan
Forman Glass LLC, a Comstock Charter Township-based glass and glazing company, is relocating production of its window and entrance frames from Ft. Wayne, Ind. to Southwest Michigan.
GR firms partner on $4.5 million mixed-use project in downtown South Haven
A $4.5 million mixed-use project is in the works for downtown South Haven.
Vicksburg injection molder plans $3 million expansion
Miniature Custom Manufacturing LLC, a high-volume injection molding manufacturer, is expanding its plant in the township of Vicksburg, 15 miles south of Kalamazoo.
Feyen Zylstra plans $5.3M expansion in Walker
WALKER — Industrial technology and electrical services firm Feyen Zylstra LLC plans to invest $5.3 million in a new facility in Walker.
Lansing development partnership forms to back tech startups, boost insurance sector
LANSING — A partnership between the state and an economic development organization for the Lansing area is providing an incubator and investment for high-tech, innovative insurance startups.