Displaying items tagged: Michigan Economic Development Corp
MEDC launches $1.5 million grant program to prep industrial sites for development
The Michigan Economic Development Corp. has unveiled a new program it says will help communities attract businesses to available properties across the state.
Auto supplier Ventra buys abandoned Dean’s Dairy building in Evart
For nearly 90 years, workers in the rural community of Evart processed dairy products out of the Dean’s Dairy building. After shutting its doors and ending an era in 2013, the vacant building now has new owners who plan to repurpose it for automotive component manufacturing.
Bissell to invest $10 million to expand HQ in Walker
Floor care product company Bissell Inc. plans to invest $10 million into an expansion project at its corporate headquarters.
Andronaco Industries to relocate Oklahoma subsidiary to Kentwood
Manufacturing holding company Andronaco Industries Inc. plans to relocate its Conley Composites LLC subsidiary from Oklahoma to a new location in Kent County.
Grand Rapids, Start Garden hone SmartZone focus with proposed new contract
GRAND RAPIDS — A proposed contract between Start Garden Inc. and the Grand Rapids SmartZone would put in place new goals for fostering local tech startups. Rather than focusing on certain activities, the proposed contract establishes outcomes such as adding 10 new tech startups annually to the SmartZone service area, with six of those companies over two years owned by minorities or women, and providing service to 15 startups a year through its business incubator on Pearl Street in downtown.
State certification program helps small communities signal openness to developers
For years, the city of Hudsonville wanted to encourage developers to create a more traditional downtown for the Ottawa County community. Officials often found themselves in a Catch 22 in trying to spur those kinds of development projects. Because the city lacked what’s traditionally classified as a downtown area, the local government was unable to seek funding incentives for developers, which in turn hindered the growth of a centralized urban area.
Core Development pushes forward on Muskegon projects
MUSKEGON — A deal to redevelop the former Ameribank building is making headway, but the project remains contingent on incentives from the city and the Michigan Economic Development Corp. Muskegon developer John Essex, managing partner and president of Core Development LLC, submitted a formal purchase agreement to the city prior to the Jan. 30 deadline. If the project goes ahead, it would transform a partially demolished building into a new use in the core of the city’s downtown.
Behind the numbers: Experts offer explanations for steep falloff in medical patents in Michigan
At first glance, the 2019 Health Check report published by Grand Valley State University seems to suggest that medical innovation in Michigan and nationally slowed dramatically in recent years. But health care and legal experts say the medical patent numbers in the report don’t quite reflect reality. They cite an array of factors that likely drove steep declines from 2014 to 2017 in the number of medical patents issued and assigned, both nationwide and in Michigan.
Subsidiary of Chinese manufacturer to invest $2 million into Holland HQ
A subsidiary of a China-based manufacturer of electromechanical actuators plans to invest $2 million into a new headquarters facility on the lakeshore.
Grand Rapids PE firm to relocate Ohio production to Wyoming
WYOMING — A Cleveland-based producer of specialty abrasive products plans to move part of its business to the Grand Rapids area after it was acquired by local private equity firm Stone Fox Ventures LLC.
Large-scale developments in Kalamazoo, Battle Creek secure state incentives
Two major Southwest Michigan development projects are moving forward after receiving approval for state incentives.
Accelerating Development: Medical device firms turn to GVSU institute for R&D help
GRAND RAPIDS — Hal Zaima’s innovation seeks to address a lingering and serious problem in health care: infections acquired in hospitals that lead to the deaths of thousands of patients annually.
Schupan & Sons plans $10.1 million expansion
KALAMAZOO — Recycler Schupan & Sons Inc. plans to invest $10.1 million into expansions at a pair of locations in Southwest Michigan.
Rule change opens access for smaller universities to get tech commercialization funding
Smaller public universities in Michigan will have to come up with less matching funding to secure state grants that support startup companies coming out of research labs.
State extends funding to pair of capital funds
The Michigan Strategic Fund steered additional money into two capital funds that support high-tech startups and growing small businesses in the state.
The Invest Michigan Pre-Seed Fund II received $3 million to invest in startups through loans or equity. Grow Michigan LLC will receive $9.6 million for a second mezzanine-style fund that will provide loans to growing small businesses.
Grand Rapids, Start Garden seek to repair relationship
A recent kerfuffle between Grand Rapids economic development officials and executives at Start Garden Inc. highlights the challenges cities face when they try to encourage more entrepreneurial investments.
Magna Mirrors to invest $45M in Newaygo expansion
NEWAYGO — A West Michigan Tier I automotive supplier is investing $45 million into a 175,000-square-foot facility expansion designed to improve workflow and efficiency.
MiBiz Growth Report: Oct. 29, 2018
Here is the MiBiz Growth Report for Oct. 29, 2018.
Four West Michigan companies investing $110.3 million in expansions land state incentives
Four business expansions in West Michigan that will collectively generate $110.3 million in investment and create more than 280 jobs earned state incentives today.
West Michigan Compounding plans $6 million expansion in Greenville
In response to increased demand, West Michigan Compounding LLC is investing $6 million into its existing facility in Montcalm County.
Michigan Milk Producers Association to expand in SW Michigan
The Michigan Milk Producers Association plans to invest $24 million to expand its existing dairy plant operations in St. Joseph County.
MiBiz Growth Report: Sept. 17, 2018
Here is the MiBiz Growth Report for Sept. 17, 2018.
MiBiz Growth Report: Aug. 6. 2018
Here is the MiBiz Growth Report for Aug. 6. 2018.
Pfizer taps new state incentive with $465 million investment at Portage campus
Pfizer Inc. is the first manufacturer to take advantage of the Good Jobs for Michigan incentive program signed into law a year ago by Gov. Rick Snyder.
SpartanNash scales back job creation target needed to secure performance-based state grant
SpartanNash Co. will not meet the original employment projections included in a 2013 state incentive package.
MiBiz Growth Report: July 23, 2018
Here is the MiBiz Growth Report for July 23, 2018.
Projects take shape along Grand River
In anticipation of a multifaceted effort to restore the Grand River through downtown Grand Rapids, numerous public and private partners are coming together to activate a number of key sites along the riverbanks.
ROUNDTABLE: Economic developers, economists push ‘culture shift’ for Michigan
New issues have become top of mind for West Michigan economic developers and economists.
SBAM pushes for continued statewide economic gardening initiatives
LANSING — The Small Business Association of Michigan wants to build on the state’s past efforts in economic development policy while also creating continuity from one governor’s administration to the next.
Amazon officially announces Gaines Township distribution facility
Amazon.com Inc. has made its first official announcement regarding the ecommerce giant’s long-planned distribution center in southeastern Kent County.