Displaying items tagged: Michigan Economic Development Corp
GROWTH CLUSTER: Food processing sector, supply chain ramps up to meet demand
With a $205 million expansion project in Holland Charter Township, frozen foods producer Request Foods Inc. is essentially doubling down on its commitment to the region where it got its start more than three decades earlier.
State approves financing for $13.2M, 52-unit mixed-use project in Kalamazoo
KALAMAZOO — State officials have approved a loan and brownfield incentives for a $13.2 million, five-story mixed-use development planned at a former industrial site north of downtown Kalamazoo.
Frozen food processor plans $205M expansion, up to 198 new jobs in Holland Twp.
HOLLAND TWP. — Frozen food processor Request Foods Inc. is planning a $205 million expansion in an effort to meet rising demand while diversifying its products and services.
Wave of e-commerce growth pushes Jenison thermal packaging maker to expand
JENISON — With brisk business in two surging market segments, Cellulose Material Solutions LLC is investing in expanding its operations and beefing up production capacity.
Pure Michigan campaign reboots with $30M appropriation
Travel Michigan will once again mount full Pure Michigan tourism campaigns starting for the coming winter travel season and extending into 2022 for the traditional busy summertime.
Whitmer proposes $200M in federal pandemic relief for tech startups
Gov. Gretchen Whitmer seeks to inject $200 million into Michigan technology startups using federal pandemic relief funds.
L3Harris announces $2.6M expansion in Cascade Township
CASCADE TWP. — L3Harris Technologies Inc., a global tech company that supplies the defense industry, has announced a nearly $2.6 million expansion in the Grand Rapids area.
Jenison manufacturer invests $9M to keep up with surge in thermal packaging demand
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.
MEDC ‘comfortable’ after steep drop in tribal revenue sharing during pandemic
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 groups launch Industry 4.0 campaign
West Michigan economic development organizations have launched a campaign aimed at preparing local manufacturers to adopt Industry 4.0 technology and practices.
$6.5M state investment in Michigan Rise to fuel more startup funding
An additional $6.5 million state investment gives pre-seed fund Michigan Rise more capital to back a strong pipeline of startup companies.
MEDC leader: State must 'aggressively' focus on retaining, recruiting businesses
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.
Latest Grow Michigan fund fills capital niche for growing businesses
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.
Michigan tribes prepare for millions of dollars in federal COVID-19 aid
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.
Tribal enterprises persist as gaming revenues tank during pandemic
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.
Logistics, data security company breaks ground on $2.8M project in Grand Rapids
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.
State funding nudges manufacturers into Industry 4.0
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.
American Axle, Whirlpool secure state incentives for Southwest Michigan expansion projects
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.
Storage manufacturing company investing $65M in new Walker facility
WALKER — Storage system manufacturer Speedrack Products Group Ltd. is expanding its Michigan operations with a nearly $65 million investment Walker.
Midwest Fastener investing $10.8M in Portage HQ expansion, Decatur operations
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.
Incoming MEDC leader cites ‘transferrable challenges’ with move to Michigan
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.
Furniture manufacturers huddle to overcome supply chain challenges
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.
MEDC selects New Orleans economic development leader as next CEO
The Michigan Economic Development Corp. has selected Quentin Messer Jr. from New Orleans as its next CEO.
Travel Michigan opts for in-state, regional tourism campaign
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.
Music venue operators in a ‘holding pattern,’ awaiting relief and loosened restrictions
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.
Convention/Arena Authority, city advance plan for GR riverfront amphitheater
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 sees economic development momentum around 3 key projects
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.
Efforts underway to improve broadband access in Ottawa, Kent counties
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.
Whitmer, GOP legislature compete over COVID relief funding
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.
Tribally owned professional services group rebrands, expands during pandemic
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.