Displaying items tagged: Michigan Economic Development Corp

An assortment of state-backed capital funds and initiatives to support business startups, innovation and entrepreneurs recently earned renewal in Lansing.

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.

Here is the growth report for November 9, 2019.

GREENVILLE — Manufacturer Aquest Machining & Assembly plans to invest an estimated $1.3 million into an expansion of its current location in Greenville.

HOLLAND — Last year, travelers from all 50 states and 47 countries stopped into the Holland Area Visitors Bureau while visiting the city. 

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.

This is the growth report for Oct. 12.

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.

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.

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 — 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 TWP. — BizStream Inc., an Allendale Township-based online marketing and software solutions company, plans to expand with backing from the state. 

KENTWOOD — Roskam Baking Co. is planning an $85.2 million expansion of its operations in the Grand Rapids area. 

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 hopes to find a silver lining in what’s become a growing infrastructure crisis in the state of Michigan. 

MUSKEGON — American Chemical Solutions plans to breathe new life into an idled chemical manufacturing plant on the lakeshore.

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 — 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.

Officials studying commuter transit options between Grand Rapids and Holland are hoping to make West Michigan more competitive when it comes to talent attraction.

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.

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.

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.

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.

Vulnerability Discovery & Analysis Labs LLC, a Grand Rapids-based cybersecurity firm, is opening a new headquarters at 5234 Plainfield Ave. NE.

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 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.

A $4.5 million mixed-use project is in the works for downtown South Haven.

Miniature Custom Manufacturing LLC, a high-volume injection molding manufacturer, is expanding its plant in the township of Vicksburg, 15 miles south of Kalamazoo.

WALKER — Industrial technology and electrical services firm Feyen Zylstra LLC plans to invest $5.3 million in a new facility in Walker.

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.