Displaying items by tag: Michigan Economic Development Corp
JENISON — To meet surging demand for its products, Cellulose Material Solutions LLC is planning a $9 million investment to add a second production line and an expansion at its existing facility in Jenison.
Officials at the Michigan Economic Development Corp. say they are moving forward after the organization took a multi-million-dollar hit last year as revenue sharing from tribally owned casinos plummeted during pandemic-related shutdowns.
West Michigan economic development organizations have launched a campaign aimed at preparing local manufacturers to adopt Industry 4.0 technology and practices.
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.
Michigan Economic Development Corp. announced a transition in leadership last week that will bring economic development expertise from the bayous of Louisiana to the peninsulas of Michigan.
Fragile and inefficient supply chains took center stage throughout the COVID-19 pandemic and have furniture OEMs reevaluating the ways to approach this key component of their operations.
The Michigan Economic Development Corp. has selected Quentin Messer Jr. from New Orleans as its next CEO.
The Pure Michigan campaign that for 15 years has worked to brand and change perceptions of Michigan will focus on in-state and regional travelers this summer as opposed to a nationwide campaign.
Venue owners celebrated in late December when the $900 billion federal stimulus package was passed and included $15 billion earmarked for live venues. But more than two months have passed and funding applications still haven’t been released, pending guidance from federal officials.
GRAND RAPIDS — The Grand Rapids-Kent County Convention/Arena Authority and the city of Grand Rapids have taken another step to advance plans for an outdoor amphitheater on riverfront property near downtown.
GRAND HAVEN — The West Michigan lakeshore town is experiencing a boom in economic development interest as three key properties around the city’s core are eyed for new projects.
Ottawa County expects to have a better understanding later this year of exactly where gaps exist locally for broadband internet service so it can begin to address the issue.
Gov. Gretchen Whitmer and Republican lawmakers are squaring off over multi-billion-dollar COVID-19 spending plans that would bolster a vaccine rollout, K-12 schools preparedness and crucial business support.
DOWAGIAC — Seven Generations Group, a professional services portfolio of companies, is rebranding and has also managed to grow its portfolio with the formation of Blue Star Integrative Studio, a full-service architecture firm based in Tulsa, Okla., and the spin off of Kalamazoo-based Steelhead Engineering Co.
Gov. Gretchen Whitmer has unveiled a $5.6 billion pandemic recovery spending plan that primarily uses federal funding to help control the spread of COVID-19, which state officials and economists say is crucial to ensure broader economic recovery.
The latest state effort to provide financial aid to Michigan small businesses and entertainment venues that are ailing from the COVID-19 pandemic and resulting restrictions has a relatively short application window based on previous demand.
The Michigan Economic Development Corp. plans to open applications next week for the $58.5 million in grant funding to aid small businesses and entertainment venues that were closed or curtailed by the most recent state-ordered restrictions in response to the COVID-19 pandemic.
MANISTEE — The lakeshore city of just more than 6,000 people is seeing multiple new downtown developments that local officials and investors say are critical for reinvigorating empty storefronts, diversification and emerging better off after the pandemic.
GRAND RAPIDS — Randy Thelen describes the COVID-19 pandemic as an “inflection point” that can shift the course of economic development in West Michigan.
Mark Burton took over the Michigan Economic Development Corp. just days before Gov. Gretchen Whitmer issued her first state of emergency to curb the spread of COVID-19. Since then, the agency’s strategic plan has shifted dramatically. It has overseen 20 programs that delivered more than $170 million in relief funds, including a $10 million small business grant program last week in which demand far exceeded program limits. Burton has worked with Whitmer for years, including as her chief strategist prior to joining the MEDC and as her chief of staff while she served in the Senate.
The Whitmer administration is expected to announce in the coming days whether to extend, alter or allow state-imposed restrictions on business activity to expire.